What’s Progenity Inc. (PROG)’s Price to Earnings Ratio?

Progenity Inc. (NASDAQ:PROG) saw an upside of 17.76% to close Friday at $1.79 after adding $0.27 on the day. The 5-day average trading volume is 77,596,141 shares of the company’s common stock. It has gained $2.2000 in the past week and touched a new high 4 times within the past 5 days. An average of 29,022,480 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 16,212,506.

PROG’s 1-month performance is 83.14% or $0.8126 on its low of $0.8625 reached on 09/28/21. The company’s shares have touched a 52-week low of $0.66 and high of $9.56, with the stock’s rally to the 52-week high happening on 01/27/21. YTD, PROG has lost -66.29% or -$3.5200 and has reached a new high 8 times. However, the current price is down -81.28%% from the 52-week high price.

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Valuation Metrics

Progenity Inc. (PROG) has a trailing price-to-earnings (P/E) ratio of 33.83 for the broader industry and 32.48 for the sector, meaning that investors are optimistic about the stock’s future prospects.PROG stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.41.

Progenity Inc.’s current ratio over the recent quarter at 1.30 meaning that PROG stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is -10.20%The trailing 12-month EBITDA margin is -548.71%. The firm’s gross profit as reported stood at -$19.12 million against revenue of $74.31 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -3654.35% to $0.46 million, while revenue of $24.53 million was -5232.61% off the previous quarter. Analysts expected PROG to announce -$0.81 per share in earnings in its latest quarter, but it posted -$1.23, representing a -51.90% surprise. EBITDA for the quarter stood at more than -$31.57 million. PROG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 259.56 million, with total debt at $167.99 million. Shareholders hold equity totaling $79.41 million

Technical Picture

Let’s look briefly at Progenity Inc. (PROG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 83.88% to suggest the stock is trending Overbought, with historical volatility in this time period at 206.19%.

The stock’s 5-day moving average is $1.2358, reflecting a +98.89% or $0.8900 change from its current price. PROG is currently trading +70.48% above its 20-day SMA, -28.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -30.62% and -56.97% respectively.

Stochastic %K and %D was 75.14% and 52.37% and the average true range (ATR) pointed at 0.2059. The RSI (14) points at 72.54%, while the 14-day stochastic is at 69.35% with the period’s ATR at 0.1828. The stock’s 9-day MACD Oscillator is pointing at 0.3679 and 0.4041 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Progenity Inc. (NASDAQ: PROG), Robert W. Baird downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for PROG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PROG as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is PROG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $2.00 and a high of $12.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Progenity Inc. (PROG) stock is $7.00.


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