Why NASDAQ:WGS qualifies as a high growth stock.

Our stock screener has identified GENEDX HOLDINGS CORP (NASDAQ:WGS) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NASDAQ:WGS.

Insights from Technical Analysis

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall WGS gets a technical rating of 9 out of 10. 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 long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• Looking at the yearly performance, WGS did better than 99% of all other stocks. On top of that, WGS also shows a nice and consistent pattern of rising prices.
• WGS is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 100% of 109 stocks in the same industry.
• WGS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WGS is lagging the market slightly.
• In the last month WGS has a been trading in the 66.00 - 84.77 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 WGS for a complete technical analysis.

How do we evaluate the setup for NASDAQ:WGS?

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:WGS is 7:

Besides having an excellent technical rating, WGS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 78.71. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Why NASDAQ:WGS may be interesting for high growth investors.

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), GENEDX HOLDINGS CORP highlights its ability to generate increasing profitability, showcasing a 105.0% growth.
• GENEDX HOLDINGS CORP has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 44.22%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• GENEDX HOLDINGS CORP has achieved significant 1-year revenue growth of 29.41%, signaling its ability to capture market opportunities and drive top-line expansion. This growth indicates the company's effective execution and its potential for continued success.
• Analysts' average next Quarter EPS Estimate for GENEDX HOLDINGS CORP has witnessed a 152.0% change in the last 3 months, underscoring the dynamic nature of market sentiment towards the company's EPS prospects.
• The recent financial report of GENEDX HOLDINGS CORP demonstrates a 105.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The earnings per share (EPS) growth of GENEDX HOLDINGS CORP are accelerating: the current Q2Q growth of 105.0% is above the previous year Q2Q growth of 87.58%. Earnings momentum and acceleration are key for high growth systems.
• With a favorable trend in its operating margin over the past year, GENEDX HOLDINGS CORP demonstrates its ability to enhance profitability through efficient operations. This growth reflects the company's focus on optimizing its cost structure.
• GENEDX HOLDINGS CORP has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• With a Debt-to-Equity ratio at 0.25, GENEDX HOLDINGS CORP showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With institutional shareholders at 68.25%, GENEDX HOLDINGS CORP demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.
• GENEDX HOLDINGS CORP has consistently surpassed EPS estimates in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• GENEDX HOLDINGS CORP has exhibited strong Relative Strength(RS) in recent periods, with a current 99.96 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. GENEDX HOLDINGS CORP shows promising potential for continued price momentum.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

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.