Exploring the Growth Potential of NASDAQ:PODD as It Nears a Breakout.

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

A Closer Look at Growth for NASDAQ:PODD

Every stock receives a Growth Rating from ChartMill, ranging from 0 to 10. This rating assesses various growth aspects, including historical and projected EPS and revenue growth. NASDAQ:PODD boasts a 8 out of 10:

• The Earnings Per Share has grown by an impressive 129.49% over the past year.
• Measured over the past years, PODD shows a very strong growth in Earnings Per Share. The EPS has been growing by 122.39% on average per year.
• Looking at the last year, PODD shows a very strong growth in Revenue. The Revenue has grown by 27.42%.
• PODD shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.66% yearly.
• The Earnings Per Share is expected to grow by 18.91% on average over the next years. This is quite good.
• Based on estimates for the next years, PODD will show a quite strong growth in Revenue. The Revenue will grow by 16.93% on average per year.

Health Insights: NASDAQ:PODD

ChartMill employs a unique Health Rating system for all stocks. This rating, ranging from 0 to 10, is determined by analyzing various liquidity and solvency ratios. For NASDAQ:PODD, the assigned 6 for health provides valuable insights:

• An Altman-Z score of 7.31 indicates that PODD is not in any danger for bankruptcy at the moment.
• PODD's Altman-Z score of 7.31 is amongst the best of the industry. PODD outperforms 84.49% of its industry peers.
• PODD's Debt to FCF ratio of 6.41 is fine compared to the rest of the industry. PODD outperforms 75.40% of its industry peers.
• PODD has a Current Ratio of 3.68. This indicates that PODD is financially healthy and has no problem in meeting its short term obligations.
• PODD has a better Current ratio (3.68) than 66.31% of its industry peers.
• PODD has a Quick Ratio of 2.80. This indicates that PODD is financially healthy and has no problem in meeting its short term obligations.
• With a decent Quick ratio value of 2.80, PODD is doing good in the industry, outperforming 60.43% of the companies in the same industry.

Profitability Examination for NASDAQ:PODD

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:PODD scores a 8 out of 10:

• PODD's Return On Assets of 13.91% is amongst the best of the industry. PODD outperforms 94.65% of its industry peers.
• Looking at the Return On Equity, with a value of 37.65%, PODD belongs to the top of the industry, outperforming 98.93% of the companies in the same industry.
• PODD has a better Return On Invested Capital (8.69%) than 88.24% of its industry peers.
• The last Return On Invested Capital (8.69%) for PODD is above the 3 year average (4.58%), which is a sign of increasing profitability.
• PODD has a better Profit Margin (21.22%) than 93.58% of its industry peers.
• PODD's Profit Margin has improved in the last couple of years.
• With an excellent Operating Margin value of 15.42%, PODD belongs to the best of the industry, outperforming 85.56% of the companies in the same industry.
• In the last couple of years the Operating Margin of PODD has grown nicely.
• PODD's Gross Margin of 69.36% is fine compared to the rest of the industry. PODD outperforms 79.68% of its industry peers.

Looking at the Setup

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:PODD currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

PODD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 263.22, a Stop Loss order could be placed below this zone.

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

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

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

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.