The price-to-earnings ratio for Progyny Inc (NASDAQ: PGNY) is 26.51x, which is above its average ratio. Moreover, the 36-month beta value for PGNY is 1.45. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for PGNY is 76.47M and currently, short sellers hold a 11.94% of that float. On September 23, 2024, PGNY’s average trading volume was 1.66M shares.
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PGNY) stock’s latest price update
Progyny Inc (NASDAQ: PGNY) has experienced a rise in its stock price by 0.97 compared to its previous closing price of 16.46. However, the company has seen a fall of -31.18% in its stock price over the last five trading days. accesswire.com reported 2024-09-22 that NEW YORK, NY / ACCESSWIRE / September 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Progyny, Inc. (“Progyny, Inc.”) (NASDAQ:PGNY) concerning possible violations of federal securities laws. Progyny disclosed in a filing with the U.S. Securities and Exchange Commission on September 18, 2024, that the Company “was recently notified by a significant client (the ‘Client’) that the Client has elected to exercise a 90-day option to terminate its services agreement with the Company, effective as of January 1, 2025.
PGNY’s Market Performance
Progyny Inc (PGNY) has experienced a -31.18% fall in stock performance for the past week, with a -22.95% drop in the past month, and a -35.73% drop in the past quarter. The volatility ratio for the week is 9.24%, and the volatility levels for the past 30 days are at 5.05% for PGNY. The simple moving average for the past 20 days is -26.91% for PGNY’s stock, with a -47.36% simple moving average for the past 200 days.
Analysts’ Opinion of PGNY
Leerink Partners, on the other hand, stated in their research note that they expect to see PGNY reach a price target of $25, previously predicting the price at $31. The rating they have provided for PGNY stocks is “Market Perform” according to the report published on August 07th, 2024.
Canaccord Genuity gave a rating of “Hold” to PGNY, setting the target price at $24 in the report published on August 07th of the current year.
PGNY Trading at -31.95% from the 50-Day Moving Average
After a stumble in the market that brought PGNY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.50% of loss for the given period.
Volatility was left at 5.05%, however, over the last 30 days, the volatility rate increased by 9.24%, as shares sank -20.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.02% lower at present.
During the last 5 trading sessions, PGNY fell by -31.18%, which changed the moving average for the period of 200-days by -52.77% in comparison to the 20-day moving average, which settled at $22.52. In addition, Progyny Inc saw -55.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PGNY starting from Sturmer Michael E, who sale 9,030 shares at the price of $30.00 back on Jul 16 ’24. After this action, Sturmer Michael E now owns 362,583 shares of Progyny Inc, valued at $270,900 using the latest closing price.
Scott Cheryl, the Director of Progyny Inc, sale 1,462 shares at $28.39 during a trade that took place back on Jun 28 ’24, which means that Scott Cheryl is holding 10,098 shares at $41,506 based on the most recent closing price.
Stock Fundamentals for PGNY
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.22 for the gross margin
The net margin for Progyny Inc stands at 0.06. The total capital return value is set at 0.15. Equity return is now at value 13.56, with 9.09 for asset returns.
Based on Progyny Inc (PGNY), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 8.77.
Currently, EBITDA for the company is 64.47 million with net debt to EBITDA at -1.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.26. The receivables turnover for the company is 3.86for trailing twelve months and the total asset turnover is 1.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
To wrap up, the performance of Progyny Inc (PGNY) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
