A new trading day began on Tuesday, with Progyny Inc (NASDAQ: PGNY) stock price up 0.70% from the previous day of trading, before settling in for the closing price of $17.06. PGNY’s price has ranged from $13.93 to $42.08 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 61.75% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -1.94%. With a float of $76.48 million, this company’s outstanding shares have now reached $95.73 million.
In an organization with 566 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 22.08%, operating margin of 6.28%, and the pretax margin is 7.48%.
Progyny Inc (PGNY) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Health Information Services Industry. The insider ownership of Progyny Inc is 15.28%, while institutional ownership is 84.29%. The most recent insider transaction that took place on Jul 16 ’24, was worth 270,900. In this transaction PRESIDENT of this company sold 9,030 shares at a rate of $30.00, taking the stock ownership to the 362,583 shares. Before that another transaction happened on Jun 28 ’24, when Company’s Director sold 1,462 for $28.39, making the entire transaction worth $41,506. This insider now owns 10,098 shares in total.
Progyny Inc (PGNY) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.16 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.94% per share during the next fiscal year.
Progyny Inc (NASDAQ: PGNY) Trading Performance Indicators
Here are Progyny Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.37. Likewise, its price to free cash flow for the trailing twelve months is 9.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.63, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 0.69 in one year’s time.
Technical Analysis of Progyny Inc (PGNY)
Let’s dig in a bit further. During the last 5-days, its volume was 1.38 million. That was better than the volume of 1.37 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 96.23%. Additionally, its Average True Range was 0.63.
During the past 100 days, Progyny Inc’s (PGNY) raw stochastic average was set at 19.71%, which indicates a significant decrease from 91.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.26% in the past 14 days, which was lower than the 79.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.88, while its 200-day Moving Average is $27.61. However, in the short run, Progyny Inc’s stock first resistance to watch stands at $17.43. Second resistance stands at $17.67. The third major resistance level sits at $17.97. If the price goes on to break the first support level at $16.89, it is likely to go to the next support level at $16.59. Assuming the price breaks the second support level, the third support level stands at $16.35.
Progyny Inc (NASDAQ: PGNY) Key Stats
With a market capitalization of 1.55 billion, the company has a total of 90,276K Shares Outstanding. Currently, annual sales are 1,089 M while annual income is 62,040 K. The company’s previous quarter sales were 304,090 K while its latest quarter income was 16,490 K.
