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

Last update: Jul 30, 2024

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.

Exploring NASDAQ:PGNY's Growth

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:

The Earnings Per Share has grown by an impressive 41.86% over the past year.
PGNY shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 97.89% yearly.
Looking at the last year, PGNY shows a very strong growth in Revenue. The Revenue has grown by 26.94%.
The Revenue has been growing by 59.52% on average over the past years. This is a very strong growth!
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.

A Closer Look at Health for NASDAQ:PGNY

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:

An Altman-Z score of 10.02 indicates that PGNY is not in any danger for bankruptcy at the moment.
PGNY's Altman-Z score of 10.02 is amongst the best of the industry. PGNY outperforms 96.55% of its industry peers.
There is no outstanding debt for PGNY. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
A Current Ratio of 3.31 indicates that PGNY has no problem at all paying its short term obligations.
PGNY has a Current ratio of 3.31. This is amongst the best in the industry. PGNY outperforms 89.66% of its industry peers.
A Quick Ratio of 3.31 indicates that PGNY has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 3.31, PGNY belongs to the best of the industry, outperforming 90.52% of the companies in the same industry.

Profitability Assessment of NASDAQ:PGNY

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:PGNY, the assigned 7 is noteworthy for profitability:

With an excellent Return On Assets value of 7.71%, PGNY belongs to the best of the industry, outperforming 91.38% of the companies in the same industry.
PGNY has a Return On Equity of 10.72%. This is in the better half of the industry: PGNY outperforms 79.31% of its industry peers.
PGNY has a Return On Invested Capital of 9.80%. This is amongst the best in the industry. PGNY outperforms 89.66% 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.
With an excellent Profit Margin value of 5.53%, PGNY belongs to the best of the industry, outperforming 83.62% of the companies in the same industry.
Looking at the Operating Margin, with a value of 5.93%, PGNY is in the better half of the industry, outperforming 68.10% 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.

Looking at the Setup

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:PGNY currently has a 8 as setup rating:

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 27.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PGNY in the last couple of days, which is a good sign.

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

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

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.