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

Last update: Jun 24, 2024

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

Understanding NASDAQ:HALO's Growth

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. NASDAQ:HALO has received a 9 out of 10:

HALO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 39.64%, which is quite impressive.
The Earnings Per Share has been growing by 45.64% on average over the past years. This is a very strong growth
The Revenue has grown by 22.40% in the past year. This is a very strong growth!
The Revenue has been growing by 40.42% on average over the past years. This is a very strong growth!
Based on estimates for the next years, HALO will show a very strong growth in Earnings Per Share. The EPS will grow by 25.47% on average per year.
Based on estimates for the next years, HALO will show a quite strong growth in Revenue. The Revenue will grow by 15.95% on average per year.

Health Insights: NASDAQ:HALO

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:HALO has earned a 7 out of 10:

HALO has an Altman-Z score of 4.13. This indicates that HALO is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 4.13, HALO is doing good in the industry, outperforming 78.50% of the companies in the same industry.
HALO has a debt to FCF ratio of 3.54. This is a good value and a sign of high solvency as HALO would need 3.54 years to pay back of all of its debts.
With an excellent Debt to FCF ratio value of 3.54, HALO belongs to the best of the industry, outperforming 95.63% of the companies in the same industry.
A Current Ratio of 6.64 indicates that HALO has no problem at all paying its short term obligations.
HALO has a Current ratio of 6.64. This is in the better half of the industry: HALO outperforms 63.46% of its industry peers.
A Quick Ratio of 5.36 indicates that HALO has no problem at all paying its short term obligations.

Profitability Insights: NASDAQ:HALO

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:HALO has achieved a 7:

HALO has a Return On Assets of 17.31%. This is amongst the best in the industry. HALO outperforms 98.78% of its industry peers.
The Return On Equity of HALO (179.30%) is better than 100.00% of its industry peers.
With an excellent Return On Invested Capital value of 18.09%, HALO belongs to the best of the industry, outperforming 98.08% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for HALO is above the industry average of 15.45%.
The last Return On Invested Capital (18.09%) for HALO is above the 3 year average (17.78%), which is a sign of increasing profitability.
HALO has a Profit Margin of 36.95%. This is amongst the best in the industry. HALO outperforms 98.95% of its industry peers.
HALO has a better Operating Margin (44.25%) than 99.48% of its industry peers.
With an excellent Gross Margin value of 78.51%, HALO belongs to the best of the industry, outperforming 86.89% of the companies in the same industry.

Looking at the Setup

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. NASDAQ:HALO scores a 8 out of 10:

HALO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 51.56. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for HALO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

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

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

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

Keep in mind

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.