At the time of writing, Progyny Inc [PGNY] stock is trading at $16.72, up 0.42%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PGNY shares have gain 1.58% over the last week, with a monthly amount drifted -22.56%, 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 September 19, 2024, when JMP Securities downgraded its rating to a Mkt Perform. Previously, Leerink Partners downgraded its rating to Market Perform on August 07, 2024, and dropped its price target to $25. On August 07, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $24 on the stock. BTIG Research downgraded its rating to a Neutral. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $36 as its price target on July 16, 2024. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on May 10, 2024. In a note dated February 26, 2024, Leerink Partners initiated an Outperform rating and provided a target price of $49 on this stock.
For the past year, the stock price of Progyny Inc fluctuated between $13.93 and $42.08. Currently, Wall Street analysts expect the stock to reach $29 within the next 12 months. Progyny Inc [NASDAQ: PGNY] shares were valued at $16.72 at the most recent close of the market. An investor can expect a potential return of 73.44% 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 16.52 points at the first support level, and at 16.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.03, and for the 2nd resistance point, it is at 17.34.
Ratios To Look Out For
It is important to note that Progyny Inc [NASDAQ:PGNY] has a current ratio of 2.58. As well, the Quick Ratio is 2.58, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 1.33, the price to book ratio is 3.32 and price to earnings (TTM) ratio is 26.67.
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.
