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

Last update: Oct 15, 2024

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

Growth Examination for NASDAQ:TGTX

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:

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

Unpacking NASDAQ:TGTX's Health Rating

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:TGTX has received a 7 out of 10:

TGTX has an Altman-Z score of 6.59. This indicates that TGTX is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 6.59, TGTX belongs to the best of the industry, outperforming 81.42% of the companies in the same industry.
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.
The Debt to FCF ratio of TGTX (1.51) is better than 96.28% 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.

Profitability Insights: NASDAQ:TGTX

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:TGTX, the assigned 5 is noteworthy for profitability:

TGTX has a better Return On Assets (23.84%) than 98.76% of its industry peers.
TGTX's Return On Equity of 53.87% is amongst the best of the industry. TGTX outperforms 99.29% of its industry peers.
Looking at the Return On Invested Capital, with a value of 27.51%, TGTX belongs to the top of the industry, outperforming 99.47% of the companies in the same industry.
With an excellent Profit Margin value of 27.59%, TGTX belongs to the best of the industry, outperforming 97.88% of the companies in the same industry.
With an excellent Operating Margin value of 29.38%, TGTX belongs to the best of the industry, outperforming 98.23% of the companies in the same industry.
The Gross Margin of TGTX (92.76%) is better than 94.51% of its industry peers.

How does the Setup look for NASDAQ:TGTX

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:TGTX currently holds a 8 as its setup rating, suggesting a particular level of consolidation in the stock.

TGTX 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. There is very little resistance above the current price. There is a support zone below the current price at 22.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TGTX 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 TGTX

Check the latest full technical report of TGTX for a complete technical analysis.

Keep in mind

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.