(RTTNews) - Praxis Precision Medicines, Inc. (PRAX), a clinical-stage biopharmaceutical company, on Tuesday said it has priced an underwritten public offering of 2.21 million shares of stock at $260 per share. The offering is expected to close on or about January 8. The offering includes a 30-day option for underwriters to purchase up to an additional 331,800 shares at the public offering price, l...
(RTTNews) - Praxis Precision Medicines, Inc. (PRAX), a clinical-stage biopharmaceutical company, on Tuesday said it has priced an underwritten public offering of 2.21 million shares of stock at $260 per share. The offering is expected to close on or about January 8. The offering includes a 30-day option for underwriters to purchase up to an additional 331,800 shares at the public offering price, less underwriting discounts and commissions. The company said that the gross proceeds from the offering are expected to be approximately $575 million before underwriting discounts, commissions, and offering expenses. On Wednesday, the Praxis Precision had closed at $272.90, 4.02 cents lesser on the Nasdaq. In the after-market hours, the stock traded 5.35 cents lesser before ending the trade at $267.55. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Broadcom Inc. (AVGO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this chipmaker have returned -14.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Electronics - Semiconductors industry, to which Broadcom I...
Broadcom Inc. (AVGO) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this chipmaker have returned -14.4% over the past month versus the Zacks S&P 500 composite's +0.6% change. The Zacks Electronics - Semiconductors industry, to which Broadcom Inc. belongs, has lost 7.5% over this period. Now the key question is: Where could the stock be headed in the near term? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Revisions to Earnings Estimates Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For the current quarter, Broadcom Inc. is expected to post earnings of $2.02 per share, indicating a change of +26.3% from the year-ago quarter. The Zacks Consensus Estimate has changed +5.9% over the last 30 days. The consensus earnings estimate of $9.86 for the current fiscal year indicates a year-over-year change of +44.6%. This estimate has changed +7.7% over the last 30 days. For the next fiscal year, the consensus ear...
Good morning . Donald Trump says Venezuela will hand over 30–50 million barrels of oil to the US. The White House discusses options to acquire Greenland. And Russia's getting on gaming chats to lure South Africans into fighting in Ukraine. Listen to the day’s top stories . US President Donald Trump said Venezuela will send as much as 50 million barrels of oil to America, with proceeds to “benefit ...
Good morning . Donald Trump says Venezuela will hand over 30–50 million barrels of oil to the US. The White House discusses options to acquire Greenland. And Russia's getting on gaming chats to lure South Africans into fighting in Ukraine. Listen to the day’s top stories . US President Donald Trump said Venezuela will send as much as 50 million barrels of oil to America, with proceeds to “benefit the people of Venezuela and the United States.” The Trump administration also told Venezuela’s interim leader, Delcy Rodríguez, that her government must exclusively partner with the US on crude production and favor the US when selling heavy crude, ABC reported. Chevron is sailing 11 ships to load oil. Trump won’t rule out using military force to acquire Greenland, the White House said, heightening tensions with Denmark. “Acquiring Greenland is a national security priority,” Press Secretary Karoline Leavitt said. Trump has said he wants to take control of the self-ruling territory of Denmark . The US and Ukraine’s allies made “significant progress” on security guarantees for Kyiv , with envoy Steve Witkoff saying protocols were “largely finished” and would “deter and defend” Ukraine. “The president does not back down from his commitments,” he said. France and the UK pledged troops for a post-deal reassurance force. Take a look at how US-Russia peace plan carves up Ukraine territory . The promise of the “January effect” looks all too real this year as early capital flows and a broadening of the market rally set the stage for gains across US equities, according to Citadel Securities’ Scott Rubner. Since 1985, the Nasdaq 100 Index has posted gains in January about 70% of the time, Rubner wrote. In China, Goldman Sachs expects stocks to rise again this year, led by earnings growth supported by AI and overseas expansion. Corporate latest: Berkshire Hathaway CEO Greg Abel will earn $25 million annually , far above the $100,000 salary long paid to Warren Buffett. Baidu’s AI chip un...
These innovative companies are building the future. Investing in well-chosen growth stocks can help patient shareholders build lasting wealth for retirement. As the new year begins, companies that benefit from artificial intelligence (AI) are among the most attractive opportunities in the stock market. Adding the following growth stocks to your portfolio could be the best move you make to start th...
These innovative companies are building the future. Investing in well-chosen growth stocks can help patient shareholders build lasting wealth for retirement. As the new year begins, companies that benefit from artificial intelligence (AI) are among the most attractive opportunities in the stock market. Adding the following growth stocks to your portfolio could be the best move you make to start the new year. 1. Nvidia Nvidia (NVDA 0.47%) has returned a mind-boggling 458,000% since its initial public offering in 1999. Even after climbing 40% in 2025, the stock is still trading at 25 times this year's consensus earnings estimate, indicating solid value supporting the current share price. Nvidia is playing a vital role in fueling innovation across the economy. Its chips are in every cloud company's data centers. Businesses are investing in cloud services to utilize AI in building applications and extracting insights from their data. Nvidia's data center revenue surged 66% year over year last quarter, driven by demand for the company's graphics processing units (GPUs) and networking components. There is increasing competition in the AI chip market, with Nvidia's top cloud customers like Alphabet building their own specialized chips for AI workloads. However, this is unlikely to impact Nvidia. One reason is that customers are still realizing value from older generations of Nvidia's chips. This allows customers to stretch the cost of these chips over multiple years, thereby lowering the total cost of ownership. Advertisement Nvidia's CUDA programming software enables customers to extract more efficiency from its chips, extending their useful life. Without CUDA, Nvidia's chips would have a significantly shorter lifespan, potentially opening the door for customers to consider alternative solutions from competitors. Expand NASDAQ : NVDA Nvidia Today's Change ( -0.47 %) $ -0.88 Current Price $ 187.24 Key Data Points Market Cap $4.5T Day's Range $ 186.82 - $ 192.17 52wk Range ...