Why NASDAQ:PGNY Is a Promising High-Growth Stock in the Midst of Consolidation.

Last update: Jul 9, 2024

Growth investors are on the lookout for stocks displaying robust revenue and EPS growth. In this analysis, we'll assess whether PROGYNY INC (NASDAQ:PGNY) aligns with growth investing criteria, especially as it consolidates and signals a possible breakout. As always, investors should conduct their own research, but PROGYNY INC has surfaced on our radar for growth with base formation, warranting further examination.

Evaluating Growth: NASDAQ:PGNY

To evaluate a stock's growth potential, ChartMill utilizes a Growth Rating on a scale of 0 to 10. This comprehensive assessment considers various growth aspects, including historical and estimated EPS and revenue growth. NASDAQ:PGNY has achieved a 9 out of 10:

PGNY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.86%, which is quite impressive.
Measured over the past years, PGNY shows a very strong growth in Earnings Per Share. The EPS has been growing by 97.89% on average per year.
PGNY shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.94%.
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.
PGNY is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 40.77% yearly.
Based on estimates for the next years, PGNY will show a quite strong growth in Revenue. The Revenue will grow by 16.90% on average per year.

Understanding NASDAQ:PGNY's Health Score

ChartMill assigns a proprietary Health Rating to each stock. The score is computed by evaluating various liquidity and solvency ratios and ranges from 0 to 10. NASDAQ:PGNY was assigned a score of 9 for health:

PGNY has an Altman-Z score of 9.82. This indicates that PGNY is financially healthy and has little risk of bankruptcy at the moment.
PGNY has a better Altman-Z score (9.82) than 96.49% 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.
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 has a better Current ratio (3.31) than 88.60% of its industry peers.
A Quick Ratio of 3.31 indicates that PGNY has no problem at all paying its short term obligations.
PGNY's Quick ratio of 3.31 is amongst the best of the industry. PGNY outperforms 89.47% of its industry peers.

Profitability Insights: 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:

PGNY has a better Return On Assets (7.71%) than 91.23% of its industry peers.
PGNY's Return On Equity of 10.72% is fine compared to the rest of the industry. PGNY outperforms 79.82% of its industry peers.
PGNY's Return On Invested Capital of 9.80% is amongst the best of the industry. PGNY outperforms 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's Profit Margin of 5.53% is amongst the best of the industry. PGNY outperforms 83.33% of its industry peers.
Looking at the Operating Margin, with a value of 5.93%, PGNY is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
PGNY's Operating Margin has improved in the last couple of years.
In the last couple of years the Gross Margin of PGNY has grown nicely.

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 resistance zone just above the current price starting at 28.43. Right above this resistance zone may be a good entry point.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

For an up to date full fundamental analysis you can check the fundamental report of PGNY

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

Keep in mind

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.