As on May 19, 2021, Progenity Inc. (NASDAQ: PROG) got off with the flyer as it spiked 1.82% to $2.24. During the day, the stock rose to $2.25 and sunk to $2.11 before settling in for the price of $2.20 at the close. Taking a more long-term approach, PROG posted a 52-week range of $2.19-$15.92.
Nevertheless, stock’s Earnings Per Share (EPS) this year is -38.30%. This publicly-traded company’s shares outstanding now amounts to $57.49 million, simultaneously with a float of $41.10 million. The organization now has a market capitalization sitting at $134.58 million. At the time of writing, stock’s 50-day Moving Average stood at $3.65, while the 200-day Moving Average is $5.94.
It is imperative to bring your focus towards the efficiency factor of the conglomerate that has a total of 635 employees. For the Profitability, stocks gross margin was -129.20, operating margin was -561.13 and Pretax Margin of -564.37.
Progenity Inc. (PROG) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Biotechnology industry. Progenity Inc.’s current insider ownership accounts for 26.30%, in contrast to 66.40% institutional ownership. According to the most recent insider trade that took place on Dec 16, this organization’s Chief Operating Officer bought 58,081 shares at the rate of 4.58, making the entire transaction reach 265,857 in total value, affecting insider ownership by 221,230. Preceding that transaction, on Dec 15, Company’s Chief Operating Officer bought 63,870 for 4.07, making the whole transaction’s value amount to 259,951. This particular insider is now the holder of 163,149 in total.
Progenity Inc. (PROG) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 3/30/2021, the company posted -$0.56 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.81) by $0.25. This company achieved a net margin of -472.30. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.64 per share during the current fiscal year.
Progenity Inc.’s EPS decrease for this current 12-month fiscal period is -38.30% and is forecasted to reach -2.29 in the upcoming year.
Progenity Inc. (NASDAQ: PROG) Trading Performance Indicators
Let’s observe the current performance indicators for Progenity Inc. (PROG). It’s Quick Ratio in the last reported quarter now stands at 1.10. The Stock has managed to achieve an average true range (ATR) of 0.25. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.81.
In the same vein, PROG’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -9.02, a figure that is expected to reach -0.79 in the next quarter, and analysts are predicting that it will be -2.29 at the market close of one year from today.
Technical Analysis of Progenity Inc. (PROG)
Through scrutinizing the latest numbers posted by the [Progenity Inc., PROG], it can be observed that its last 5-days Average volume of 0.75 million was better the volume of 0.52 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 7.42% While, its Average True Range was 0.25.
Raw Stochastic average of Progenity Inc. (PROG) in the period of the previous 100 days is set at 2.26%, which indicates a major fall in contrast to 9.03% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 87.90% that was lower than 89.85% volatility it exhibited in the past 100-days period.