NASDAQ:CORT: a strong growth stock preparing for the next leg up?.

In this article, we'll take a closer look at CORCEPT THERAPEUTICS INC (NASDAQ:CORT) as a potential candidate for growth investing. While it's important for investors to conduct their own research, CORCEPT THERAPEUTICS INC has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.

Growth Assessment of NASDAQ:CORT

To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NASDAQ:CORT has achieved a 8 out of 10:

• CORT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.14%, which is quite impressive.
• CORT shows a strong growth in Revenue. In the last year, the Revenue has grown by 33.02%.
• Measured over the past years, CORT shows a quite strong growth in Revenue. The Revenue has been growing by 13.94% on average per year.
• Based on estimates for the next years, CORT will show a very strong growth in Earnings Per Share. The EPS will grow by 26.44% on average per year.
• The Revenue is expected to grow by 16.69% on average over the next years. This is quite good.
• The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.

Evaluating Health: NASDAQ:CORT

ChartMill utilizes a Health Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of liquidity and solvency ratios, both in absolute terms and in comparison to industry peers. NASDAQ:CORT has earned a 9 out of 10:

• CORT has an Altman-Z score of 21.52. This indicates that CORT is financially healthy and has little risk of bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 21.52, CORT belongs to the top of the industry, outperforming 92.23% of the companies in the same industry.
• There is no outstanding debt for CORT. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
• CORT has a Current Ratio of 5.57. This indicates that CORT is financially healthy and has no problem in meeting its short term obligations.
• CORT has a better Current ratio (5.57) than 63.73% of its industry peers.
• A Quick Ratio of 5.48 indicates that CORT has no problem at all paying its short term obligations.
• CORT's Quick ratio of 5.48 is fine compared to the rest of the industry. CORT outperforms 64.77% of its industry peers.

How do we evaluate the Profitability for NASDAQ:CORT?

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NASDAQ:CORT scores a 8 out of 10:

• With an excellent Return On Assets value of 17.63%, CORT belongs to the best of the industry, outperforming 97.41% of the companies in the same industry.
• CORT has a Return On Equity of 21.13%. This is amongst the best in the industry. CORT outperforms 92.75% of its industry peers.
• With an excellent Return On Invested Capital value of 17.98%, CORT belongs to the best of the industry, outperforming 94.82% of the companies in the same industry.
• The Average Return On Invested Capital over the past 3 years for CORT is above the industry average of 17.88%.
• CORT has a better Profit Margin (22.12%) than 93.78% of its industry peers.
• CORT's Operating Margin of 22.46% is amongst the best of the industry. CORT outperforms 89.64% of its industry peers.
• CORT's Gross Margin of 98.50% is amongst the best of the industry. CORT outperforms 98.96% of its industry peers.

How do we evaluate the setup for NASDAQ:CORT?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:CORT currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

CORT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 34.33, a Stop Loss order could be placed below this zone.

More Strong Growth stocks can be found in our Strong Growth screener.

Check the latest full fundamental report of CORT for a complete fundamental analysis.

For an up to date full technical analysis you can check the technical report of CORT

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.