At the time of writing, Progyny Inc [PGNY] stock is trading at $21.57, up 2.42%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PGNY shares have gain 5.22% over the last week, with a monthly amount drifted -23.67%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Progyny Inc [NASDAQ: PGNY] stock has seen the most recent analyst activity on August 07, 2024, when Leerink Partners downgraded its rating to a Market Perform and also revised its price target to $25 from $31. Previously, Canaccord Genuity downgraded its rating to Hold on August 07, 2024, and dropped its price target to $24. On August 07, 2024, downgrade downgraded it’s rating to Neutral. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $36 on July 16, 2024. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Leerink Partners started tracking with a Outperform rating for this stock on February 26, 2024, and assigned it a price target of $49. In a note dated January 03, 2024, Barclays initiated an Overweight rating and provided a target price of $48 on this stock.
For the past year, the stock price of Progyny Inc fluctuated between $19.60 and $42.08. Currently, Wall Street analysts expect the stock to reach $34.5 within the next 12 months. Progyny Inc [NASDAQ: PGNY] shares were valued at $21.57 at the most recent close of the market. An investor can expect a potential return of 59.94% based on the average PGNY price forecast.
Analyzing the PGNY fundamentals
According to Progyny Inc [NASDAQ:PGNY], the company’s sales were 1.13B for trailing twelve months, which represents an 8.85% jump. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.12 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.18 points at the first support level, and at 20.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.82, and for the 2nd resistance point, it is at 22.07.
Ratios To Look Out For
It is important to note that Progyny Inc [NASDAQ:PGNY] has a current ratio of 2.58. Also, the Quick Ratio is 2.58, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 4.29 and price to earnings (TTM) ratio is 34.40.
Transactions by insiders
Recent insider trading involved Sturmer Michael E, PRESIDENT, that happened on Jul 16 ’24 when 9030.0 shares were sold. Director, Scott Cheryl completed a deal on Jun 28 ’24 to sell 1462.0 shares. Meanwhile, PRESIDENT Sturmer Michael E sold 4515.0 shares on May 01 ’24.
