NASDAQ:CORT, a strong growth stock, setting up for a breakout.

Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether CORCEPT THERAPEUTICS INC (NASDAQ:CORT) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but CORCEPT THERAPEUTICS INC has surfaced on our radar for growth with base formation, warranting further examination.

Evaluating Growth: NASDAQ:CORT

ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NASDAQ:CORT has earned a 8 for growth:

• The Earnings Per Share has grown by an impressive 55.56% over the past year.
• Looking at the last year, CORT shows a very strong growth in Revenue. The Revenue has grown by 39.65%.
• The Revenue has been growing by 13.94% on average over the past years. This is quite good.
• 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.
• 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.

Understanding NASDAQ:CORT's Health

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:CORT has received a 9 out of 10:

• CORT has an Altman-Z score of 28.82. 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 28.82, CORT belongs to the top of the industry, outperforming 93.19% of the companies in the same industry.
• CORT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• CORT has a Current Ratio of 3.70. This indicates that CORT is financially healthy and has no problem in meeting its short term obligations.
• CORT has a Quick Ratio of 3.64. This indicates that CORT is financially healthy and has no problem in meeting its short term obligations.

Looking at the Profitability

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:CORT, the assigned 7 is noteworthy for profitability:

• Looking at the Return On Assets, with a value of 18.08%, CORT belongs to the top of the industry, outperforming 97.91% of the companies in the same industry.
• Looking at the Return On Equity, with a value of 22.20%, CORT belongs to the top of the industry, outperforming 94.24% of the companies in the same industry.
• With an excellent Return On Invested Capital value of 18.79%, CORT belongs to the best of the industry, outperforming 94.76% of the companies in the same industry.
• The Profit Margin of CORT (22.56%) is better than 94.76% of its industry peers.
• With an excellent Operating Margin value of 22.81%, CORT belongs to the best of the industry, outperforming 89.53% of the companies in the same industry.
• The Gross Margin of CORT (98.44%) is better than 98.43% of its industry peers.

Looking at the Setup

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 7 setup rating, indicating its consolidation status in recent days and weeks.

Besides having an excellent technical rating, CORT 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 60.07, a Stop Loss order could be placed below this zone.

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 article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.