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

In this article, we'll take a closer look at NEUROCRINE BIOSCIENCES INC (NASDAQ:NBIX) as a potential candidate for growth investing. While it's important for investors to conduct their own research, NEUROCRINE BIOSCIENCES INC has piqued our interest by appearing on our strong growth and breakout radar. Let's explore further.

Assessing Growth for NASDAQ:NBIX

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:NBIX has received a 9 out of 10:

• NBIX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 505.00%, which is quite impressive.
• The Earnings Per Share has been growing by 70.09% on average over the past years. This is a very strong growth
• NBIX shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.99%.
• The Revenue has been growing by 33.13% on average over the past years. This is a very strong growth!
• The Earnings Per Share is expected to grow by 44.72% on average over the next years. This is a very strong growth
• Based on estimates for the next years, NBIX will show a quite strong growth in Revenue. The Revenue will grow by 15.24% on average per year.

Health Examination for NASDAQ:NBIX

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NASDAQ:NBIX, the assigned 7 for health provides valuable insights:

• An Altman-Z score of 9.47 indicates that NBIX is not in any danger for bankruptcy at the moment.
• NBIX has a better Altman-Z score (9.47) than 84.15% of its industry peers.
• NBIX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• A Current Ratio of 2.52 indicates that NBIX has no problem at all paying its short term obligations.
• NBIX has a Quick Ratio of 2.47. This indicates that NBIX is financially healthy and has no problem in meeting its short term obligations.

Evaluating Profitability: NASDAQ:NBIX

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:NBIX, the assigned 9 is a significant indicator of profitability:

• NBIX has a Return On Assets of 10.65%. This is amongst the best in the industry. NBIX outperforms 97.56% of its industry peers.
• The Return On Equity of NBIX (15.49%) is better than 97.21% of its industry peers.
• NBIX's Return On Invested Capital of 12.56% is amongst the best of the industry. NBIX outperforms 96.86% of its industry peers.
• The 3 year average ROIC (9.89%) for NBIX is below the current ROIC(12.56%), indicating increased profibility in the last year.
• With an excellent Profit Margin value of 18.65%, NBIX belongs to the best of the industry, outperforming 97.56% of the companies in the same industry.
• NBIX's Profit Margin has improved in the last couple of years.
• Looking at the Operating Margin, with a value of 23.73%, NBIX belongs to the top of the industry, outperforming 97.56% of the companies in the same industry.
• NBIX's Operating Margin has improved in the last couple of years.
• The Gross Margin of NBIX (98.05%) is better than 98.08% of its industry peers.

Why is NASDAQ:NBIX a setup?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:NBIX has a 8 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, NBIX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 147.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 143.28, 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 NBIX for a complete fundamental analysis.

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

Disclaimer

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.