Why NASDAQ:NTRA qualifies as a high growth stock.

Our stock screener has spotted NATERA INC (NASDAQ:NTRA) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NASDAQ:NTRA.

Zooming in on the technicals.

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

We assign a technical rating of 9 out of 10 to NTRA. In the last year, NTRA was one of the better performers, but we do observe some doubts in the very recent evolution.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• Looking at the yearly performance, NTRA did better than 96% of all other stocks. On top of that, NTRA also shows a nice and consistent pattern of rising prices.
• NTRA is part of the Biotechnology industry. There are 564 other stocks in this industry. NTRA outperforms 93% of them.
• NTRA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NTRA is performing more or less in line with the market.
• In the last month NTRA has a been trading in the 153.53 - 175.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

How do we evaluate the setup for NASDAQ:NTRA?

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:NTRA has a 7 as its setup rating, indicating its current consolidation status.

NTRA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.

What matters for high growth investors.

• The recent financial report of NATERA INC demonstrates a 72.63% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The recent q2q revenue growth of 63.9% of NATERA INC showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• With notable 1-year revenue growth of 54.93%, NATERA INC exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• The average next Quarter EPS Estimate by analysts was adjusted by 16.16%, reflecting the evolving market expectations for the company's EPS growth.
• The recent financial report of NATERA INC demonstrates a 72.63% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The earnings per share (EPS) growth of NATERA INC are accelerating: the current Q2Q growth of 72.63% is above the previous year Q2Q growth of 24.0%. Earnings momentum and acceleration are key for high growth systems.
• The operating margin of NATERA INC has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• With a favorable trend in its free cash flow (FCF) over the past year, NATERA INC demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• With a Debt-to-Equity ratio at 0.42, NATERA INC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• NATERA INC has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• NATERA INC has exhibited strong Relative Strength(RS) in recent periods, with a current 96.28 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. NATERA INC shows promising potential for continued price momentum.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.