PRAX stock forecast, quote, news & analysis

The most notable companies in this group are Regeneron Pharmaceuticals (NASDAQ:REGN), Moderna (NASDAQ:MRNA), Incyte Corp (NASDAQ:INCY), Sarepta Therapeutics (NASDAQ:SRPT), Exelixis (NASDAQ:EXEL), Arrowhead Pharmaceuticals (NASDAQ:ARWR), BioCryst Pharmaceuticals (NASDAQ:BCRX), Novavax (NASDAQ:NVAX), Adaptive Biotechnologies Corp (NASDAQ:ADPT), Nektar Therapeutics (NASDAQ:NKTR).

Biotechnology involves genetic or protein engineering to produce medicines/therapies for treating and preventing ailments. The industry also provides crucial ingredients for diagnostics. This multi-billion-dollar industry is heavily focused on research and development, as companies attempt to continually come up with cutting-edge solutions for health. New discoveries for the treatment of diseases provide opportunities for growth for a company in this industry. Discoveries, however, must pass the regulatory approval from the U.S. Food and Drug Administration (FDA) before they can make it to markets. Amgen Inc., Gilead Sciences, Inc. and Celgene Corporation are examples of companies in this industry.

The average market capitalization across the Biotechnology Industry is 2.82B. The market cap for tickers in the group ranges from 151 to 498.83B. NONOF holds the highest valuation in this group at 498.83B. The lowest valued company is MYMX at 151.

The average weekly price growth across all stocks in the Biotechnology Industry was -2%. For the same Industry, the average monthly price growth was 10%, and the average quarterly price growth was 8%. GLYC experienced the highest price growth at 144%, while MTNB experienced the biggest fall at -82%.

The average weekly volume growth across all stocks in the Biotechnology Industry was 13%. For the same stocks of the Industry, the average monthly volume growth was 70% and the average quarterly volume growth was 102%