Applying Mark Minervini’s growth stock checklist to TG THERAPEUTICS INC (NASDAQ:TGTX)

In this article we will dive into TG THERAPEUTICS INC (NASDAQ:TGTX) as a possible candidate for growth investing. Investors should always do their own research, but we noticed TG THERAPEUTICS INC showing up in our Minervini growth screen, which makes it worth to investigate a bit more.

Checking the Minervini Trend Template.

TGTX checks all the boxes when evaluating the Minervini Trend Template. This is a set of basic technical criteria to identify stocks in strong uptrends:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

Unpacking TGTX's High Growth Momentum Rating

ChartMill assigns a High Growth Momentum Rating (HGM) to every stock. This score ranges from 0 to 10 and evaluates the different growth and profitability aspects, including accelleration, surprises and revisions. TGTX scores a 6 out of 10:

Earnings Momentum

• TGTX has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 250.0% increase. This indicates improving financial performance and the company's effective management of its operations.
• TGTX shows accelerating EPS growth: when comparing the current Q2Q growth of 250.0% to the previous quarter Q2Q growth of -97.26%, we see the growth rate improving.
• The 1-year EPS growth of TGTX (1.0K%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• TGTX has demonstrated strong q2q revenue growth of 146.0%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• TGTX shows accelerating Sales growth: when comparing the current Q2Q growth of 146.0% to the previous quarter Q2Q growth of -49.41%, we see the growth rate improving.
• The 1-year revenue growth of TGTX (40.8%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• The average next Quarter EPS Estimate by analysts was adjusted by 40.36%, reflecting the evolving market expectations for the company's EPS growth.

Financial Strength & Profitability

• The operating margin of TGTX has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• With positive growth in its profit margin over the past year, TGTX showcases its ability to improve profitability.
• The Return on Equity(ROE) of TGTX is 10.52%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• TGTX has a Debt/Equity ratio of 1.1, indicating a balanced approach to financing growth.

Market Strength & Institutional Confidence

• The ownership composition of TGTX reflects a balanced investor ecosystem, with institutional shareholders owning 63.58%. This indicates a broader market participation and potential for increased trading liquidity.
• TGTX has achieved an impressive Relative Strength (RS) rating of 98.76, showcasing its ability to outperform the broader market.

Looking at the Setup

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. TGTX scores a 3 out of 10:

Although TGTX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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

Final Thoughts

More ideas for high growth momentum stocks can be found on ChartMill in our High Growth Momentum + Trend Template screen.

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.