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

Last update: Sep 16, 2024

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if TG THERAPEUTICS INC (NASDAQ:TGTX) is suited for growth investing, while it is forming a base and may be ready to breakout. Investors should of course do their own research, but we spotted TG THERAPEUTICS INC showing up in our growth with base formation screen, so it may be worth spending some more time on it.

Analyzing Growth Metrics

ChartMill assigns a proprietary Growth Rating to each stock. The score is computed by evaluating various growth aspects, like EPS and revenue growth. We take into account the history as well as the estimated future numbers. NASDAQ:TGTX was assigned a score of 8 for growth:

TGTX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 147.24%, which is quite impressive.
TGTX shows a strong growth in Revenue. In the last year, the Revenue has grown by 1338.63%.
The Revenue has been growing by 335.01% on average over the past years. This is a very strong growth!
The Earnings Per Share is expected to grow by 229.97% on average over the next years. This is a very strong growth
TGTX is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 41.13% yearly.

Assessing Health for NASDAQ:TGTX

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:TGTX was assigned a score of 7 for health:

TGTX has an Altman-Z score of 6.97. This indicates that TGTX is financially healthy and has little risk of bankruptcy at the moment.
TGTX has a better Altman-Z score (6.97) than 82.75% of its industry peers.
TGTX has a debt to FCF ratio of 1.51. This is a very positive value and a sign of high solvency as it would only need 1.51 years to pay back of all of its debts.
TGTX has a better Debt to FCF ratio (1.51) than 96.48% of its industry peers.
Although TGTX does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
TGTX has a Current Ratio of 3.58. This indicates that TGTX is financially healthy and has no problem in meeting its short term obligations.
A Quick Ratio of 2.83 indicates that TGTX has no problem at all paying its short term obligations.

Assessing Profitability for NASDAQ:TGTX

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:TGTX, the assigned 5 is a significant indicator of profitability:

TGTX has a Return On Assets of 23.84%. This is amongst the best in the industry. TGTX outperforms 98.94% of its industry peers.
Looking at the Return On Equity, with a value of 53.87%, TGTX belongs to the top of the industry, outperforming 99.30% of the companies in the same industry.
TGTX has a better Return On Invested Capital (27.51%) than 99.47% of its industry peers.
Looking at the Profit Margin, with a value of 27.59%, TGTX belongs to the top of the industry, outperforming 97.89% of the companies in the same industry.
TGTX has a Operating Margin of 29.38%. This is amongst the best in the industry. TGTX outperforms 98.24% of its industry peers.
TGTX has a better Gross Margin (92.76%) than 94.54% of its industry peers.

How does the Setup look for NASDAQ:TGTX

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:TGTX is 7:

TGTX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.

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 TGTX

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

Keep in mind

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.