As of Friday close, Progyny Inc.’s (NASDAQ:PGNY) stock was down -$0.72, moving down -1.89 percent to $37.39. The average number of shares traded per day over the past five days has been 695,700 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.31 fall in that time frame. In the last twenty days, the average volume was 744,910, while in the previous 50 days, it was 686,342.
Since last month, PGNY stock retreated -7.29%. Shares of the company fell to $37.31 on 08/17/23, the lowest level in the past month. A 52-week high of $45.98 was reached on 08/04/23 after having rallying from a 52-week low of $28.03. Since the beginning of this year, PGNY’s stock price has risen by 20.03% or $6.24, and marked a new high 18 times. However, the stock has declined by -18.68% since its 52-week high.
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Sponsored
PGNY stock investors should be aware that Progyny Inc. (PGNY) stock had its last reported insider trading activity 269 days ago on Nov 23. Payson Norman, the Director of the company, disposed of 200 shares for $56.29 on Nov 23. It resulted in a $11,258 divestment by the insider. TPG GP A, LLC sold 2,900,000 shares at an average price of $41.08 on Aug 07. The insider now owns 6,350,000 shares following the transaction. On Jul 14, CHIEF EXECUTIVE OFFICER Anevski Peter sold 17,990 shares at $38.95 apiece. The transaction was valued at $700,710.
Valuation Metrics
Right now, Progyny Inc. (PGNY) has a P/E ratio of about 76.00. The stock’s beta is 1.50. Besides these, the trailing price-to-sales (P/S) ratio of 3.64, the price-to-book (PB) ratio of 7.54, and the price-to-cash flow ratio of 21.06 may also be considered.
Financial Health
In the three months ended June 29, Progyny Inc.’s quick ratio stood at 2.90, while its current ratio was 2.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 21.90% percent. In the year ended June 29, EBITDA margin amounted to 3.17%, whereas operating margins totaled 4.70%. Based on annual data, PGNY earned $167.32 million in gross profit and brought in $786.91 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.80%. Return on equity (ROE) for the past 12 months was 12.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PGNY’s revenue rose 30.02% to $258.39 million during the quarter, while net income inched up to $278.64 million. While analysts expected Progyny Inc. to report $0.1 quarterly earnings, the actual figure was $0.15 per share. During the quarter, the company generated $15.71 million in EBITDA. The liabilities of Progyny Inc. were 212.04 million at the end of its most recent quarter ended June 29, and its total debt was $19.59 million. The value of shareholders’ equity is $95.41 million.
Technical Picture
This quick technical analysis looks at Progyny Inc.’s (PGNY) price momentum. With a historical volatility rate of 25.26%, the RSI 9-day stood at 34.86% on 18 August.
With respect to its five-day moving average, the current Progyny Inc. price is down by -3.39% percent or -$1.31. At present, PGNY shares trade -6.38% below its 20-day simple moving average and +10.98% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.40% below its SMA50 and -15.92% below its SMA200.
Stochastic coefficient K was 7.73% and Stochastic coefficient D was 12.00%, while ATR was 1.41. Given the Stochastic reading of 0.98% for the 14-day period, the RSI (14) reading has been calculated as 40.21%. As of today, the MACD Oscillator reading stands at -0.56, while the 14-day reading stands at -1.56.
Analyst Ratings
BTIG Research launched its rating on Progyny Inc. (NASDAQ: PGNY) to a Buy in a note to investors on May 22, 2023. Progyny Inc. (PGNY) has been rated Buy by analysts. According to 0 brokerage firms, PGNY is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Progyny Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $50.50, the current consensus forecast for the stock is $47.00 – $58.00. Based on these forecasts, analysts predict Progyny Inc. (PGNY) will achieve an average price target of $51.33.
