NASDAQ:PGNY—Positioned as a High-Growth Stock, Ready for a Potential Breakout.

For growth-minded investors, high revenue and EPS growth are key criteria. Today, we'll examine whether PROGYNY INC (NASDAQ:PGNY) fits the bill for growth investing, particularly as it forms a base and hints at a potential breakout. Remember, due diligence is essential, but PROGYNY INC has caught our attention on our screen for growth with base formation. It may warrant additional investigation.

ChartMill's Evaluation of Growth

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 8 out of 10:

• PGNY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.54%, which is quite good.
• 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 10.24% in the past year. This is quite good.
• PGNY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 59.52% yearly.
• Based on estimates for the next years, PGNY will show a very strong growth in Earnings Per Share. The EPS will grow by 31.33% on average per year.
• Based on estimates for the next years, PGNY will show a quite strong growth in Revenue. The Revenue will grow by 8.60% on average per year.

Understanding NASDAQ:PGNY's Health Score

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NASDAQ:PGNY scores a 9 out of 10:

• An Altman-Z score of 8.03 indicates that PGNY is not in any danger for bankruptcy at the moment.
• PGNY has a better Altman-Z score (8.03) than 93.52% 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 2.62 indicates that PGNY has no problem at all paying its short term obligations.
• The Current ratio of PGNY (2.62) is better than 83.33% of its industry peers.
• A Quick Ratio of 2.62 indicates that PGNY has no problem at all paying its short term obligations.
• PGNY has a better Quick ratio (2.62) than 83.33% of its industry peers.

Profitability Examination for NASDAQ:PGNY

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NASDAQ:PGNY, the assigned 7 is a significant indicator of profitability:

• The Return On Assets of PGNY (8.68%) is better than 93.52% of its industry peers.
• PGNY has a better Return On Equity (13.17%) than 82.41% of its industry peers.
• PGNY's Return On Invested Capital of 12.72% is amongst the best of the industry. PGNY outperforms 91.67% of its industry peers.
• The 3 year average ROIC (8.61%) for PGNY is below the current ROIC(12.72%), indicating increased profibility in the last year.
• PGNY has a better Profit Margin (5.03%) than 83.33% of its industry peers.
• PGNY has a Operating Margin of 5.75%. This is in the better half of the industry: PGNY outperforms 67.59% 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 do we evaluate the setup for NASDAQ:PGNY?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:PGNY has a 7 as its setup rating:

Besides having an excellent technical rating, PGNY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 22.20, a Stop Loss order could be placed below this zone.

Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.

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

Our latest full technical report of PGNY contains the most current technical analsysis.

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.