Progyny Inc (NASDAQ: PGNY) has a price-to-earnings ratio of 24.08x that is above its average ratio. Additionally, the 36-month beta value for PGNY is 1.34. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for PGNY is 72.28M and currently, short sellers hold a 15.43% ratio of that float. The average trading volume of PGNY on November 21, 2024 was 2.25M shares.
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PGNY) stock’s latest price update
Progyny Inc (NASDAQ: PGNY)’s stock price has plunge by 2.27relation to previous closing price of 13.67. Nevertheless, the company has seen a 0.58% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-18 that SAN DIEGO, Nov. 18, 2024 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP is investigating whether Progyny, Inc. (NASDAQ: PGNY) or others violated securities laws by misrepresenting or failing to timely disclose material adverse to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
PGNY’s Market Performance
Progyny Inc (PGNY) has seen a 0.58% rise in stock performance for the week, with a -13.33% decline in the past month and a -33.49% plunge in the past quarter. The volatility ratio for the week is 4.01%, and the volatility levels for the past 30 days are at 3.86% for PGNY. The simple moving average for the past 20 days is -8.57% for PGNY’s stock, with a -47.95% simple moving average for the past 200 days.
Analysts’ Opinion of PGNY
Many brokerage firms have already submitted their reports for PGNY stocks, with Truist repeating the rating for PGNY by listing it as a “Hold.” The predicted price for PGNY in the upcoming period, according to Truist is $19 based on the research report published on November 13, 2024 of the current year 2024.
Leerink Partners gave a rating of “Market Perform” to PGNY, setting the target price at $25 in the report published on August 07th of the current year.
PGNY Trading at -16.50% 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 -66.78% of loss for the given period.
Volatility was left at 3.86%, however, over the last 30 days, the volatility rate increased by 4.01%, as shares sank -11.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.95% lower at present.
During the last 5 trading sessions, PGNY rose by +0.58%, which changed the moving average for the period of 200-days by -64.96% in comparison to the 20-day moving average, which settled at $15.29. In addition, Progyny Inc saw -62.40% 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 0.05. The total capital return value is set at 0.15. Equity return is now at value 12.05, with 8.26 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 9.9.
Currently, EBITDA for the company is 64.47 million with net debt to EBITDA at -1.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 4.06for trailing twelve months and the total asset turnover is 1.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.62.
Conclusion
In conclusion, Progyny Inc (PGNY) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
