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

In this article we will dive into CORCEPT THERAPEUTICS INC (NASDAQ:CORT) as a possible candidate for growth investing. Investors should always do their own research, but we noticed CORCEPT THERAPEUTICS INC showing up in our strong growth, ready to breakout screen, which makes it worth to investigate a bit more.

Deciphering NASDAQ:CORT's Growth Rating

ChartMill assigns a Growth Rating to every stock. This score ranges from 0 to 10 and evaluates the different growth aspects like EPS and Revenue, both in the past as in the future. NASDAQ:CORT scores 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.
• Looking at the last year, CORT shows a very strong growth in Revenue. The Revenue has grown by 33.02%.
• The Revenue has been growing by 13.94% on average over the past years. This is quite good.
• CORT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 26.44% yearly.
• Based on estimates for the next years, CORT will show a quite strong growth in Revenue. The Revenue will grow by 16.69% on average per year.
• When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

Assessing Health for NASDAQ:CORT

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NASDAQ:CORT, the assigned 9 for health provides valuable insights:

• An Altman-Z score of 21.29 indicates that CORT is not in any danger for bankruptcy at the moment.
• CORT has a better Altman-Z score (21.29) than 91.28% of its industry peers.
• CORT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• A Current Ratio of 5.57 indicates that CORT has no problem at all paying its short term obligations.
• CORT's Current ratio of 5.57 is fine compared to the rest of the industry. CORT outperforms 68.21% of its industry peers.
• CORT has a Quick Ratio of 5.48. This indicates that CORT is financially healthy and has no problem in meeting its short term obligations.
• CORT has a Quick ratio of 5.48. This is in the better half of the industry: CORT outperforms 68.21% of its industry peers.

Looking at the Profitability

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:CORT, the assigned 8 is a significant indicator of profitability:

• CORT has a better Return On Assets (17.63%) than 96.92% of its industry peers.
• CORT has a better Return On Equity (21.13%) than 92.31% of its industry peers.
• CORT has a better Return On Invested Capital (17.98%) than 94.36% of its industry peers.
• The Average Return On Invested Capital over the past 3 years for CORT is above the industry average of 18.15%.
• Looking at the Profit Margin, with a value of 22.12%, CORT belongs to the top of the industry, outperforming 93.85% of the companies in the same industry.
• The Operating Margin of CORT (22.46%) is better than 89.23% of its industry peers.
• The Gross Margin of CORT (98.50%) is better than 97.95% of its industry peers.

How do we evaluate the setup for NASDAQ:CORT?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NASDAQ:CORT exhibits a 8 setup rating, indicating its consolidation status in recent days and weeks.

CORT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 33.96, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

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

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

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.