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After finishing at $15.64 in the prior trading day, Progyny Inc (NASDAQ: PGNY) closed at $15.38, down -1.66%. In other words, the price has decreased by -$1.66 from its previous closing price. On the day, 0.87 million shares were traded. PGNY stock price reached its highest trading level at $15.97 during the session, while it also had its lowest trading level at $15.315.
Ratios:
Our goal is to gain a better understanding of PGNY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.12. 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:
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 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 1411920896 and an Enterprise Value of 1146126336. As of this moment, Progyny’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.53, and their Forward P/E ratio for the next fiscal year is 21.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.23 while its Price-to-Book (P/B) ratio in mrq is 3.06. Its current Enterprise Value per Revenue stands at 1.012 whereas that against EBITDA is 15.513.
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 -18.89%, while the 200-Day Moving Average is calculated to be -46.21%.
Shares Statistics:
The stock has traded on average 2.33M shares per day over the past 3-months and 1552360 shares per day over the last 10 days, according to various share statistics. A total of 95.73M shares are outstanding, with a floating share count of 76.48M. Insiders hold about 15.28% of the company’s shares, while institutions hold 90.32% stake in the company. Shares short for PGNY as of 1728950400 were 9967628 with a Short Ratio of 4.28, compared to 1726185600 on 9145647. Therefore, it implies a Short% of Shares Outstanding of 9967628 and a Short% of Float of 13.79.
