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

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

Growth Assessment of NASDAQ:PGNY

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:PGNY has received a 9 out of 10:

• The Earnings Per Share has grown by an impressive 41.86% 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
• PGNY shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.94%.
• PGNY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 59.52% yearly.
• The Earnings Per Share is expected to grow by 31.83% on average over the next years. This is a very strong growth
• The Revenue is expected to grow by 18.46% on average over the next years. This is quite good.

Health Examination for NASDAQ:PGNY

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:PGNY has received a 9 out of 10:

• PGNY has an Altman-Z score of 9.71. This indicates that PGNY is financially healthy and has little risk of bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 9.71, PGNY belongs to the top of the industry, outperforming 96.49% of the companies in the same industry.
• PGNY has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• PGNY has a Current Ratio of 3.31. This indicates that PGNY is financially healthy and has no problem in meeting its short term obligations.
• PGNY's Current ratio of 3.31 is amongst the best of the industry. PGNY outperforms 89.47% of its industry peers.
• A Quick Ratio of 3.31 indicates that PGNY has no problem at all paying its short term obligations.
• PGNY has a Quick ratio of 3.31. This is amongst the best in the industry. PGNY outperforms 89.47% of its industry peers.

A Closer Look at Profitability for NASDAQ:PGNY

ChartMill assigns a Profitability Rating to every stock. This score ranges from 0 to 10 and evaluates the different profitability ratios and margins, both absolutely, but also relative to the industry peers. NASDAQ:PGNY scores a 7 out of 10:

• With an excellent Return On Assets value of 7.71%, PGNY belongs to the best of the industry, outperforming 92.11% of the companies in the same industry.
• The Return On Equity of PGNY (10.72%) is better than 80.70% of its industry peers.
• PGNY has a better Return On Invested Capital (9.80%) than 88.60% of its industry peers.
• The last Return On Invested Capital (9.80%) for PGNY is above the 3 year average (8.61%), which is a sign of increasing profitability.
• PGNY has a better Profit Margin (5.53%) than 84.21% of its industry peers.
• PGNY's Operating Margin of 5.93% is fine compared to the rest of the industry. PGNY outperforms 68.42% 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

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NASDAQ:PGNY this score is currently 7:

PGNY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

Every day, new Strong Growth stocks can be found on ChartMill 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

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.