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The closing price of Progyny Inc (NASDAQ: PGNY) was $16.46 for the day, down -32.65% from the previous closing price of $24.44. In other words, the price has decreased by -$32.65 from its previous closing price. On the day, 19.14 million shares were traded. PGNY stock price reached its highest trading level at $17.955 during the session, while it also had its lowest trading level at $13.93.
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 5.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.69. 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 2206347776 and an Enterprise Value of 1243624704. As of this moment, Progyny’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.25, and their Forward P/E ratio for the next fiscal year is 22.68. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 3.27. Its current Enterprise Value per Revenue stands at 1.098 whereas that against EBITDA is 16.833.
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 $19.60. The 50-Day Moving Average of the stock is -33.19%, while the 200-Day Moving Average is calculated to be -48.01%.
Shares Statistics:
PGNY traded an average of 1.38M shares per day over the past three months and 3286820 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 91.90% stake in the company. Shares short for PGNY as of 1724976000 were 9127358 with a Short Ratio of 6.61, compared to 1722384000 on 7568889. Therefore, it implies a Short% of Shares Outstanding of 9127358 and a Short% of Float of 12.629999999999999.
