Why NASDAQ:HALO Is a Standout High-Growth Stock in a Consolidation Phase.

For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether HALOZYME THERAPEUTICS INC (NASDAQ:HALO) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but HALOZYME THERAPEUTICS INC has caught our attention on our screen for growth with base formation. It may warrant additional investigation.

A Closer Look at Growth for NASDAQ:HALO

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:HALO has achieved a 8 out of 10:

• The Earnings Per Share has grown by an impressive 25.91% over the past year.
• HALO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 42.34% yearly.
• The Revenue has grown by 58.71% in the past year. This is a very strong growth!
• HALO shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.83% yearly.
• Based on estimates for the next years, HALO will show a very strong growth in Earnings Per Share. The EPS will grow by 23.83% on average per year.
• The Revenue is expected to grow by 17.98% on average over the next years. This is quite good.

Looking at the 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:HALO has received a 7 out of 10:

• An Altman-Z score of 3.33 indicates that HALO is not in any danger for bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 3.33, HALO is in the better half of the industry, outperforming 76.36% of the companies in the same industry.
• Looking at the Debt to FCF ratio, with a value of 5.11, HALO belongs to the top of the industry, outperforming 95.04% of the companies in the same industry.
• A Current Ratio of 6.58 indicates that HALO has no problem at all paying its short term obligations.
• A Quick Ratio of 5.44 indicates that HALO has no problem at all paying its short term obligations.

A Closer Look at Profitability for NASDAQ:HALO

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:HALO was assigned a score of 8 for profitability:

• Looking at the Return On Assets, with a value of 12.91%, HALO belongs to the top of the industry, outperforming 97.52% of the companies in the same industry.
• HALO's Return On Equity of 154.74% is amongst the best of the industry. HALO outperforms 99.67% of its industry peers.
• HALO has a better Return On Invested Capital (14.76%) than 98.18% of its industry peers.
• Measured over the past 3 years, the Average Return On Invested Capital for HALO is significantly above the industry average of 11.71%.
• The 3 year average ROIC (36.79%) for HALO is well above the current ROIC(14.76%). The reason for the recent decline needs to be investigated.
• HALO's Profit Margin of 30.21% is amongst the best of the industry. HALO outperforms 97.69% of its industry peers.
• In the last couple of years the Profit Margin of HALO has grown nicely.
• The Operating Margin of HALO (39.79%) is better than 98.51% of its industry peers.
• In the last couple of years the Operating Margin of HALO has grown nicely.
• HALO's Gross Margin of 77.42% is amongst the best of the industry. HALO outperforms 85.79% of its industry peers.

How does the Setup look for NASDAQ:HALO

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:HALO currently has a 8 as setup rating:

HALO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 37.82, 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 HALO for a complete fundamental analysis.

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

Keep in mind

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.