InvestorQ : What is the situation of PRAXIS home retail. It’s keep on going down .Can anyone explain ??
Rohith made post

What is the situation of PRAXIS home retail. It’s keep on going down .Can anyone explain ??

Answer
user profile image
sarah Leo answered.
4 months ago


Praxis is a retail company that has taken a big hit during the Coronavirus crisis as it has left the company saddled with costs with almost zero revenues. The company has been making losses for the last few quarters due to cost pressures and now the stock price is down by nearly 65% from the recent peak. The stock has limited visibility at this point of time and unless you see some pick-up in activity post the COVID-19 crisis, the stock may remain depressed. You need to be cautious on the stock.