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

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

Growth Examination for NASDAQ:PODD

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:PODD has received a 9 out of 10:

• The Earnings Per Share has grown by an impressive 906.25% over the past year.
• The Earnings Per Share has been growing by 122.39% on average over the past years. This is a very strong growth
• Looking at the last year, PODD shows a very strong growth in Revenue. The Revenue has grown by 30.17%.
• The Revenue has been growing by 24.66% on average over the past years. This is a very strong growth!
• Based on estimates for the next years, PODD will show a very strong growth in Earnings Per Share. The EPS will grow by 23.37% on average per year.
• Based on estimates for the next years, PODD will show a quite strong growth in Revenue. The Revenue will grow by 16.00% on average per year.

Health Assessment of NASDAQ:PODD

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:PODD has received a 5 out of 10:

• An Altman-Z score of 5.58 indicates that PODD is not in any danger for bankruptcy at the moment.
• PODD has a better Altman-Z score (5.58) than 79.69% of its industry peers.
• Looking at the Debt to FCF ratio, with a value of 10.25, PODD is in the better half of the industry, outperforming 73.96% of the companies in the same industry.
• A Current Ratio of 3.74 indicates that PODD has no problem at all paying its short term obligations.
• PODD has a Quick Ratio of 2.75. This indicates that PODD is financially healthy and has no problem in meeting its short term obligations.

Assessing Profitability for NASDAQ:PODD

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NASDAQ:PODD has achieved a 8:

• PODD has a better Return On Assets (8.92%) than 90.63% of its industry peers.
• The Return On Equity of PODD (29.59%) is better than 98.44% of its industry peers.
• PODD has a Return On Invested Capital of 8.13%. This is amongst the best in the industry. PODD outperforms 86.98% of its industry peers.
• The 3 year average ROIC (4.58%) for PODD is below the current ROIC(8.13%), indicating increased profibility in the last year.
• The Profit Margin of PODD (13.14%) is better than 90.63% of its industry peers.
• PODD's Profit Margin has improved in the last couple of years.
• PODD has a Operating Margin of 13.99%. This is amongst the best in the industry. PODD outperforms 84.90% of its industry peers.
• PODD's Operating Margin has improved in the last couple of years.
• PODD has a better Gross Margin (68.86%) than 77.08% of its industry peers.

Looking at the Setup

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:PODD is 7:

Although the technical rating is only medium, PODD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 187.28. Right above this resistance zone may be a good entry point.

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

Our latest full fundamental report of PODD contains the most current fundamental analsysis.

Check the latest full technical report of PODD 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.