Progyny Inc (NASDAQ: PGNY) Fells -48.76% This Year: What’s Next

The trading price of Progyny Inc (NASDAQ:PGNY) floating lower at last check on Wednesday, August 07, closing at $21.01, -18.38% lower than its previous close.

The company’s P/E ratio in the trailing 12-month period was 33.43. In examining the 52-week price action we see that the stock hit a 52-week high of $42.08 and a 52-week low of $23.90. Over the past month, the stock has lost -25.39% in value.

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Progyny Inc, whose market valuation is $2.00 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.2 per share this quarter, however they have predicted annual earnings per share of 0.72 for current year and 1.05 for next year.

Analysts have forecast the company to bring in revenue of 324.67M for the current quarter, with the likely lows of 315.6M and highs of 331.71M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.23B.

On the technical side, indicators suggest PGNY has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.77, which symbolizes a positive outlook. A quick review shows that PGNY’s price is currently -25.14% off the SMA20 and -23.97% off the SMA50. The RSI metric on the 14-day chart is currently showing 22.20, and weekly volatility stands at 4.79%. When measured over the past 30 days, the indicator reaches 3.58%. Progyny Inc (NASDAQ:PGNY)’s beta value is currently sitting at 1.46, while the Average True Range indicator is currently displaying 1.44.

To see how Progyny Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: PGNY stock’s performance was -18.38% at last check in today’s session, and -48.76% in the past year. Progyny Inc has a P/E ratio of 33.43.

An evaluation of the daily trading volume of Progyny Inc (NASDAQ:PGNY) indicates that the 3-month average is 1.24 million.

Currently, records show that 95.73 million of the company’s shares remain outstanding. The insiders hold 14.35% of outstanding shares, whereas institutions hold 88.41%. However, since the stock’s price has seen -43.49% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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