NASDAQ:HALO qualifies as a high growth stock and is consolidating.

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

Understanding NASDAQ:HALO's Growth

Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:HALO boasts 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.
• HALO shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 45.64% yearly.
• 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 Analysis for NASDAQ:HALO

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NASDAQ:HALO was assigned a score of 7 for health:

• An Altman-Z score of 4.20 indicates that HALO is not in any danger for bankruptcy at the moment.
• HALO has a better Altman-Z score (4.20) than 77.23% of its industry peers.
• 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.
• The Debt to FCF ratio of HALO (3.54) is better than 95.80% of its industry peers.
• A Current Ratio of 6.64 indicates that HALO has no problem at all paying its short term obligations.
• With a decent Current ratio value of 6.64, HALO is doing good in the industry, outperforming 63.40% of the companies in the same industry.
• HALO has a Quick Ratio of 5.36. This indicates that HALO is financially healthy and has no problem in meeting its short term obligations.

Assessing Profitability for 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 99.12% of its industry peers.
• The Return On Equity of HALO (179.30%) is better than 100.00% of its industry peers.
• HALO has a Return On Invested Capital of 18.09%. This is amongst the best in the industry. HALO outperforms 98.07% of its industry peers.
• Measured over the past 3 years, the Average Return On Invested Capital for HALO is above the industry average of 14.63%.
• The 3 year average ROIC (17.78%) for HALO is below the current ROIC(18.09%), indicating increased profibility in the last year.
• With an excellent Profit Margin value of 36.95%, HALO belongs to the best of the industry, outperforming 98.95% of the companies in the same industry.
• HALO has a Operating Margin of 44.25%. This is amongst the best in the industry. HALO outperforms 99.47% of its industry peers.
• With an excellent Gross Margin value of 78.51%, HALO belongs to the best of the industry, outperforming 86.87% of the companies in the same industry.

Why is NASDAQ:HALO a setup?

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:HALO currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

HALO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 53.19. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.45, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

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

Our latest full technical report of HALO contains the most current technical analsysis.

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.