Progyny Inc (NASDAQ:PGNY) saw a downside of -0.48% to close Friday at $33.09 after subtracting -$0.16 on the day. The 5-day average trading volume is 691,160 shares of the company’s common stock. It has gained $35.24 in the past week and touched a new high 2 times within the past 5 days. An average of 733,170 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 701,330.
PGNY’s 1-month performance is -10.86% or -$3.75 on its low of $32.94 reached on 09/22/23. The company’s shares have touched a 52-week low of $28.03 and high of $45.98, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, PGNY has achieved 6.23% or $1.94 and has reached a new high 18 times. However, the current price is down -28.03% from the 52-week high price.
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Insider Transactions
PGNY stock investors last saw insider trading activity on Nov 23.Payson Norman (Director) most recently sold 200 shares at $56.29 per share on Nov 23. This transaction cost the insider $11,258. Former 10% Owner, TPG GP A, LLC, sold 2,900,000 shares at a price of $41.08 on Aug 07. Then, on Jul 14, CHIEF EXECUTIVE OFFICER Anevski Peter sold 17,990 shares at a price of $38.95 per share. This transaction amounted to $700,710.
Valuation Metrics
PGNY stock has a beta of 1.52. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.30 while the price-to-book (PB) in the most recent quarter is 6.66, with the price to cash flow ratio at 19.09.
Progyny Inc’s quick ratio for the period ended June 29 was 2.89, with the current ratio over the same period at 2.89. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.04, while the total debt to equity was 0.04. In terms of profitability, the gross margin trailing 12 months is 21.91%. The trailing 12-month EBITDA margin is 3.17% while for the period ending June 29, Progyny Inc’s operating margin was 4.67%. The firm’s gross profit as reported stood at $167.32 million against revenue of $786.91 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 41.49% to $14.99 million, while revenue of $17.68 million was -17.95% off the previous quarter. Analysts expected PGNY to announce $0.1 per share in earnings in its latest quarter, but it posted $0.15, representing a 50.00% surprise. EBITDA for the quarter stood at more than $15.71 million. PGNY stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 212.04 million, with total debt at $19.59 million. Shareholders hold equity totaling $95.41 million.
Let’s look briefly at Progyny Inc (PGNY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 24.05% to suggest the stock is trending oversold, with historical volatility in this time period at 24.50%.
The stock’s 5-day moving average is $34.10, reflecting a -3.27% or -$1.12 change from its current price. PGNY is currently trading -8.72% above its 20-day SMA, -1.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.57% and SMA200 by-2.88%.
Stochastic %K and %D was 11.52% and 15.54% and the average true range (ATR) pointed at 1.03. The RSI (14) points at 29.64%, while the 14-day stochastic is at 2.92% with the period’s ATR at 1.10. The stock’s 9-day MACD Oscillator is pointing at -0.99 and -1.86 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Progyny Inc (NASDAQ: PGNY), BTIG Research launched coverage with a Buy rating. Analysts offering their rating for PGNY stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate PGNY as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is PGNY’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $47.00 and a high of $52.00, with their median price target at $50.00. Looking at these predictions, the average price target given by analysts is for Progyny Inc (PGNY) stock is $49.67.
