Progyny Inc (NASDAQ: PGNY) closed the day trading at $34.65 down -15.05% from the previous closing price of $40.79. In other words, the price has decreased by -$6.14 from its previous closing price. On the day, 4078446 shares were traded. PGNY stock price reached its highest trading level at $36.45 during the session, while it also had its lowest trading level at $33.07.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ratios:
For a better understanding of PGNY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.93. For the most recent quarter (mrq), Quick Ratio is recorded 3.16 and its Current Ratio is at 3.44. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Outperform rating and assigned the stock a target price of $49.
On January 03, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $48.
On September 27, 2023, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $46.Canaccord Genuity initiated its Buy rating on September 27, 2023, with a $46 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 23 when Payson Norman sold 200 shares for $56.29 per share. The transaction valued at 11,258 led to the insider holds 580,656 shares of the business.
Sturmer Michael E sold 2,260 shares of PGNY for $90,400 on Feb 06. The PRESIDENT now owns 158,532 shares after completing the transaction at $40.00 per share. On Feb 05, another insider, Schlanger David J, who serves as the Executive Chairman of the company, sold 20,000 shares for $38.50 each. As a result, the insider received 769,928 and left with 86,312 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 3.32B and an Enterprise Value of 3.00B. As of this moment, Progyny’s Price-to-Earnings (P/E) ratio for their current fiscal year is 56.52, and their Forward P/E ratio for the next fiscal year is 36.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.05 while its Price-to-Book (P/B) ratio in mrq is 5.99. Its current Enterprise Value per Revenue stands at 2.90 whereas that against EBITDA is 55.77.
Stock Price History:
The Beta on a monthly basis for PGNY is 1.51, which has changed by 12.59% over the last 52 weeks, in comparison to a change of 27.55% over the same period for the S&P500. Over the past 52 weeks, PGNY has reached a high of $44.95, while it has fallen to a 52-week low of $29.44. The 50-Day Moving Average of the stock is 38.36, while the 200-Day Moving Average is calculated to be 36.72.
Shares Statistics:
Over the past 3-months, PGNY traded about 703.36K shares per day on average, while over the past 10 days, PGNY traded about 946.58k shares per day. A total of 95.73M shares are outstanding, with a floating share count of 82.66M. Insiders hold about 13.75% of the company’s shares, while institutions hold 87.44% stake in the company. Shares short for PGNY as of Feb 15, 2024 were 6.55M with a Short Ratio of 9.31, compared to 5.25M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.83% and a Short% of Float of 8.32%.
Earnings Estimates
Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.21 and a low estimate of $0.15, while EPS last year was $0.18. The consensus estimate for the next quarter is $0.19, with high estimates of $0.21 and low estimates of $0.13.
Analysts are recommending an EPS of between $0.83 and $0.53 for the fiscal current year, implying an average EPS of $0.7. EPS for the following year is $0.97, with 9 analysts recommending between $1.27 and $0.61.
Revenue Estimates
8 analysts predict $307.58M in revenue for the current quarter. It ranges from a high estimate of $322.2M to a low estimate of $287M. As of the current estimate, Progyny Inc’s year-ago sales were $258.39M, an estimated increase of 19.00% from the year-ago figure.
A total of 10 analysts have provided revenue estimates for PGNY’s current fiscal year. The highest revenue estimate was $1.36B, while the lowest revenue estimate was $1.3B, resulting in an average revenue estimate of $1.32B. In the same quarter a year ago, actual revenue was $1.09B, up 21.00% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $1.58B in the next fiscal year. The high estimate is $1.69B and the low estimate is $1.53B. The average revenue growth estimate for next year is up 19.70% from the average revenue estimate for this year.
