Analytical Lens: Exploring Progyny Inc (PGNY)’s Financial Story Through Ratios

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The closing price of Progyny Inc (NASDAQ: PGNY) was $16.76 for the day, down -0.24% from the previous closing price of $16.80. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 1.43 million shares were traded. PGNY stock price reached its highest trading level at $17.012 during the session, while it also had its lowest trading level at $16.6.

Ratios:

Our analysis of PGNY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.85. For the most recent quarter (mrq), Quick Ratio is recorded 2.58 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.04.

On August 07, 2024, Leerink Partners Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $31 to $25.

Canaccord Genuity Downgraded its Buy to Hold on August 07, 2024, whereas the target price for the stock was revised from $37 to $24.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 16 ’24 when Sturmer Michael E sold 9,030 shares for $30.00 per share. The transaction valued at 270,900 led to the insider holds 362,583 shares of the business.

Scott Cheryl sold 1,462 shares of PGNY for $41,506 on Jun 28 ’24. The Director now owns 10,098 shares after completing the transaction at $28.39 per share. On May 01 ’24, another insider, Sturmer Michael E, who serves as the PRESIDENT of the company, sold 4,515 shares for $31.95 each. As a result, the insider received 144,254 and left with 380,038 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PGNY now has a Market Capitalization of 1513029120 and an Enterprise Value of 1270707584. As of this moment, Progyny’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.73, and their Forward P/E ratio for the next fiscal year is 23.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 3.33. Its current Enterprise Value per Revenue stands at 1.122 whereas that against EBITDA is 17.199.

Stock Price History:

Over the past 52 weeks, PGNY has reached a high of $42.08, while it has fallen to a 52-week low of $13.93. The 50-Day Moving Average of the stock is -27.03%, while the 200-Day Moving Average is calculated to be -45.93%.

Shares Statistics:

PGNY traded an average of 2.05M shares per day over the past three months and 5560880 shares per day over the past ten days. A total of 95.73M shares are outstanding, with a floating share count of 76.47M. Insiders hold about 15.29% of the company’s shares, while institutions hold 91.92% stake in the company. Shares short for PGNY as of 1726185600 were 9145647 with a Short Ratio of 4.46, compared to 1723680000 on 8273221. Therefore, it implies a Short% of Shares Outstanding of 9145647 and a Short% of Float of 12.65.

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