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

Exploring Growth Potential: HALOZYME THERAPEUTICS INC (NASDAQ:HALO) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and HALOZYME THERAPEUTICS INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected HALOZYME THERAPEUTICS INC on our screen for growth with base formation, suggesting it merits a closer look.

Growth Analysis for NASDAQ:HALO

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 8 out of 10:

• The Earnings Per Share has grown by an impressive 52.16% over the past year.
• The Earnings Per Share has been growing by 30.12% on average over the past years. This is a very strong growth
• The Revenue has grown by 22.46% in the past year. This is a very strong growth!
• Measured over the past years, HALO shows a very strong growth in Revenue. The Revenue has been growing by 38.95% on average per year.
• Based on estimates for the next years, HALO will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.58% on average per year.
• HALO is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.99% yearly.

Looking at the Health

ChartMill employs its own Health Rating for stock assessment. This rating, ranging from 0 to 10, is calculated by examining various liquidity and solvency ratios. In the case of NASDAQ:HALO, the assigned 8 reflects its health status:

• HALO has an Altman-Z score of 4.77. This indicates that HALO is financially healthy and has little risk of bankruptcy at the moment.
• HALO has a Altman-Z score of 4.77. This is amongst the best in the industry. HALO outperforms 80.57% of its industry peers.
• The Debt to FCF ratio of HALO is 3.21, which is a good value as it means it would take HALO, 3.21 years of fcf income to pay off all of its debts.
• The Debt to FCF ratio of HALO (3.21) is better than 94.12% of its industry peers.
• A Current Ratio of 7.80 indicates that HALO has no problem at all paying its short term obligations.
• With a decent Current ratio value of 7.80, HALO is doing good in the industry, outperforming 71.84% of the companies in the same industry.
• A Quick Ratio of 6.78 indicates that HALO has no problem at all paying its short term obligations.
• HALO's Quick ratio of 6.78 is fine compared to the rest of the industry. HALO outperforms 66.31% of its industry peers.

How do we evaluate the Profitability for NASDAQ:HALO?

ChartMill utilizes a Profitability Rating to assess stocks, scoring them on a scale of 0 to 10. This rating takes into account a variety of profitability ratios and margins, both in absolute terms and in comparison to industry peers. NASDAQ:HALO has earned a 8 out of 10:

• HALO's Return On Assets of 21.52% is amongst the best of the industry. HALO outperforms 98.93% of its industry peers.
• Looking at the Return On Equity, with a value of 122.06%, HALO belongs to the top of the industry, outperforming 99.64% of the companies in the same industry.
• The Return On Invested Capital of HALO (23.00%) is better than 98.93% of its industry peers.
• The Average Return On Invested Capital over the past 3 years for HALO is above the industry average of 14.26%.
• The 3 year average ROIC (17.81%) for HALO is below the current ROIC(23.00%), indicating increased profibility in the last year.
• HALO's Profit Margin of 43.74% is amongst the best of the industry. HALO outperforms 98.93% of its industry peers.
• HALO's Operating Margin of 54.32% is amongst the best of the industry. HALO outperforms 100.00% of its industry peers.
• HALO has a Gross Margin of 84.30%. This is amongst the best in the industry. HALO outperforms 88.24% of its industry peers.
• HALO's Gross Margin has improved in the last couple of years.

How do we evaluate the setup for NASDAQ:HALO?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:HALO has a 7 as its setup rating:

HALO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 57.97, a Stop Loss order could be placed below this zone.

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

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

Check the latest full technical report of HALO 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.