At the time of writing, Progyny Inc [PGNY] stock is trading at $16.90, up 14.89%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PGNY shares have gain 19.10% over the last week, with a monthly amount glided 10.67%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Progyny Inc [NASDAQ: PGNY] stock has seen the most recent analyst activity on December 02, 2024, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $17 for it. Previously, Truist downgraded its rating to Hold on November 13, 2024, and dropped its price target to $19. On September 19, 2024, downgrade downgraded it’s rating to Mkt Perform. Leerink Partners downgraded its rating to a Market Perform and decreased its price target to $25 on August 07, 2024. Canaccord Genuity downgraded its rating to a Hold and reduced its price target to $24 on August 07, 2024. BTIG Research downgraded its rating to Neutral for this stock on August 07, 2024. In a note dated July 16, 2024, JMP Securities initiated an Mkt Outperform rating and provided a target price of $36 on this stock.
For the past year, the stock price of Progyny Inc fluctuated between $13.39 and $42.08. Currently, Wall Street analysts expect the stock to reach $22.67 within the next 12 months. Progyny Inc [NASDAQ: PGNY] shares were valued at $16.90 at the most recent close of the market. An investor can expect a potential return of 34.14% based on the average PGNY price forecast.
Analyzing the PGNY fundamentals
According to Progyny Inc [NASDAQ:PGNY], the company’s sales were 1.14B for trailing twelve months, which represents an 2.04% 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 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.11 and Total Capital is 0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 15.98 points at the first support level, and at 15.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.54, and for the 2nd resistance point, it is at 18.19.
Ratios To Look Out For
It is important to note that Progyny Inc [NASDAQ:PGNY] has a current ratio of 2.62. Further, the Quick Ratio stands at 2.62, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 1.45, the price to book ratio is 3.43 and price to earnings (TTM) ratio is 29.11.
Transactions by insiders
Recent insider trading involved Schlanger David J, Executive Chairman, that happened on Dec 26 ’24 when 0.15 million shares were purchased. CHIEF EXECUTIVE OFFICER, Anevski Peter completed a deal on Dec 23 ’24 to buy 0.21 million shares. Meanwhile, Director SEIDENBERG BETH C bought 39680.0 shares on Dec 09 ’24.
