12 Reddit Stocks That Will Go to the Moon

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10. Praxis Precision Medicines Inc. (NASDAQ:PRAX)

Number of Hedge Fund Holders: 33

Average Upside Potential as of October 17: 67.48%

Praxis Precision Medicines Inc. (NASDAQ:PRAX) is one of the Reddit stocks that will go to the moon. On October 16, Praxis Precision Medicines announced positive topline results for its pivotal Phase 3 Essential3 program for ulixacaltamide in essential tremor/ET. Ulixacaltamide is a differentiated, highly selective small molecule inhibitor of T-type calcium channels designed to block abnormal neuronal burst firing in the Cerebello-Thalamo-Cortical/CTC circuit.

The announcement is significant because ET is the most common movement disorder, affecting ~7 million people in the US, and current treatment options are limited in efficacy and tolerability, leading to an estimated minimum of 2 million patients actively seeking better treatment. Patients in the Essential3 program had been living with ET for an average of 30 years, underscoring the high unmet need; over 200,000 people were interested in participating in the study.

The Essential3 Phase 3 program included two simultaneously enrolled studies utilizing a decentralized, home-based design across all 50 states in the US. Praxis has submitted a pre-NDA meeting request to the FDA and plans to submit the NDA by early 2026, pending agreement with the agency.

Praxis Precision Medicines Inc. (NASDAQ:PRAX) is a clinical-stage biopharmaceutical company that develops therapies for CNS disorders characterized by neuronal excitation-inhibition imbalance.

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