NASDAQ:PGNY—A High-Growth Stock Gearing Up for Its Next Upward Move.

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

How do we evaluate the Growth for NASDAQ:PGNY?

ChartMill employs its own Growth Rating system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth factors, such as EPS and revenue growth, taking into account both past performance and future projections. NASDAQ:PGNY has earned a 9 for growth:

• The Earnings Per Share has grown by an impressive 106.67% over the past year.
• The Earnings Per Share has been growing by 97.89% on average over the past years. This is a very strong growth
• The Revenue has grown by 38.35% in the past year. This is a very strong growth!
• Measured over the past years, PGNY shows a very strong growth in Revenue. The Revenue has been growing by 59.52% on average per year.
• The Earnings Per Share is expected to grow by 31.83% on average over the next years. This is a very strong growth
• Based on estimates for the next years, PGNY will show a quite strong growth in Revenue. The Revenue will grow by 18.46% on average per year.

Assessing Health Metrics for NASDAQ:PGNY

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NASDAQ:PGNY has earned a 9 out of 10:

• PGNY has an Altman-Z score of 11.72. This indicates that PGNY is financially healthy and has little risk of bankruptcy at the moment.
• PGNY has a Altman-Z score of 11.72. This is amongst the best in the industry. PGNY outperforms 97.44% of its industry peers.
• PGNY 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 3.44 indicates that PGNY has no problem at all paying its short term obligations.
• The Current ratio of PGNY (3.44) is better than 88.89% of its industry peers.
• PGNY has a Quick Ratio of 3.44. This indicates that PGNY is financially healthy and has no problem in meeting its short term obligations.
• With an excellent Quick ratio value of 3.44, PGNY belongs to the best of the industry, outperforming 88.89% of the companies in the same industry.

How do we evaluate the Profitability for NASDAQ:PGNY?

ChartMill assigns a proprietary Profitability Rating to each stock. The score is computed by evaluating various profitability ratios and margins and ranges from 0 to 10. NASDAQ:PGNY was assigned a score of 7 for profitability:

• With an excellent Return On Assets value of 8.20%, PGNY belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
• Looking at the Return On Equity, with a value of 11.22%, PGNY is in the better half of the industry, outperforming 79.49% of the companies in the same industry.
• PGNY's Return On Invested Capital of 9.57% is amongst the best of the industry. PGNY outperforms 88.89% of its industry peers.
• The last Return On Invested Capital (9.57%) for PGNY is above the 3 year average (8.61%), which is a sign of increasing profitability.
• Looking at the Profit Margin, with a value of 5.70%, PGNY belongs to the top of the industry, outperforming 85.47% of the companies in the same industry.
• PGNY has a Operating Margin of 5.71%. This is in the better half of the industry: PGNY outperforms 70.09% of its industry peers.
• PGNY's Operating Margin has improved in the last couple of years.
• PGNY's Gross Margin has improved in the last couple of years.

How does the Setup look for NASDAQ:PGNY

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NASDAQ:PGNY exhibits a 7 setup rating, indicating its consolidation status in recent days and weeks.

PGNY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 32.28, a Stop Loss order could be placed below this zone.

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

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

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

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.