Exploring high growth characteristics of TG THERAPEUTICS INC (NASDAQ:TGTX).

Our stockscreener has identified a possible breakout setup on TG THERAPEUTICS INC (NASDAQ:TGTX). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:TGTX for potential opportunities.

Technical analysis of TGTX

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 9 out of 10 to TGTX. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• Looking at the yearly performance, TGTX did better than 98% of all other stocks. We also observe that the gains produced by TGTX over the past year are nicely spread over this period.
• TGTX is one of the better performing stocks in the Biotechnology industry, it outperforms 98% of 568 stocks in the same industry.
• TGTX is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so TGTX slightly outperforms the market at the moment.
• In the last month TGTX has a been trading in the 31.00 - 43.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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

How do we evaluate the setup for TGTX?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, TGTX exhibits a 7 setup rating, indicating its consolidation status in recent days and weeks.

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. There is a support zone below the current price at 37.28, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Assessing Growth for TGTX

ChartMill assigns a proprietary High Growth Momentum Rating (HGM) to each stock. The score is computed by evaluating various growth and profitability aspects aspects, like EPS and revenue growth, accelleration, surprises and revisions. TGTX was assigned a score of 6 for growth:

Earnings Momentum

• TGTX has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 250.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• Accelerating EPS growth for TGTX: the current Q2Q growth of 250.0% exceeds the previous quarter Q2Q growth of -97.26%.
• TGTX has achieved 1.0K% growth in EPS over the past 12 months, reflecting a sustained improvement in earnings performance.
• TGTX has experienced 146.0% q2q revenue growth, indicating a significant sales increase.
• 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.
• With notable 1-year revenue growth of 40.8%, TGTX exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• Over the past 3 months, analysts have adjusted their EPS Estimate for TGTX with a 40.36% change. This highlights the evolving outlook on the company's EPS potential.

Profitability & Financial Strength

• With positive growth in its operating margin over the past year, TGTX showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• In the past year TGTX has expanded its Profit Margin, which demonstrates increasing profitability.
• TGTX has achieved an impressive Return on Equity (ROE) of 10.52%, showcasing its ability to generate favorable returns for shareholders.
• TGTX has a Debt/Equity ratio of 1.1, indicating a balanced approach to financing growth.

Market Strength & Institutional Confidence

• With 63.58% of the total shares held by institutional investors, TGTX showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.
• TGTX has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 98.63 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

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.