Progyny Inc (NASDAQ: PGNY) is -62.40% lower on its value in year-to-date trading and has touched a low of $13.77 and a high of $42.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PGNY stock was last observed hovering at around $13.90 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $13.98, the stock is -11.43% and -20.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.23 million and changing 0.58% at the moment leaves the stock -48.91% off its SMA200. PGNY registered -56.09% loss for a year compared to 6-month loss of -49.26%. The firm has a 50-day simple moving average (SMA 50) of $17.685 and a 200-day simple moving average (SMA200) of $27.4859.
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
The stock witnessed a -15.63% gain in the last 1 month and extending the period to 3 months gives it a -33.56%, and is -15.43% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.74% over the week and 3.89% over the month.
Progyny Inc (PGNY) has around 566 employees, a market worth around $1.19B and $1.14B in sales. Current P/E ratio is 24.08 and Fwd P/E is 22.92. Profit margin for the company is 5.03%. Distance from 52-week low is 1.53% and -66.78% from its 52-week high. The company has generated returns on investments over the last 12 months (12.69%).
The EPS is expected to shrink by -12.26% this year
412.0 institutions hold shares in Progyny Inc (PGNY), with institutional investors hold 110.03% of the company’s shares. The shares outstanding are 95.73M, and float is at 76.48M with Short Float at 14.58%. Institutions hold 102.35% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 11.82 million shares valued at $338.05 million. The investor’s holdings represent 12.2463 of the PGNY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 8.25 million shares valued at $236.11 million to account for 8.5533 of the shares outstanding. The other top investors are TPG GP A, LLC which holds 6.6 million shares representing 6.8381 and valued at over $188.76 million, while CLEARBRIDGE INVESTMENTS, LLC holds 3.5494 of the shares totaling 3.42 million with a market value of $97.98 million.
Progyny Inc (PGNY) Insider Activity
The most recent transaction is an insider sale by Sturmer Michael E, the company’s PRESIDENT. SEC filings show that Sturmer Michael E sold 9,030 shares of the company’s common stock on Jul 16 ’24 at a price of $30.00 per share for a total of $0.27 million. Following the sale, the insider now owns 0.36 million shares.
Progyny Inc disclosed in a document filed with the SEC on Jun 28 ’24 that Scott Cheryl (Director) sold a total of 1,462 shares of the company’s common stock. The trade occurred on Jun 28 ’24 and was made at $28.39 per share for $41506.0. Following the transaction, the insider now directly holds 10098.0 shares of the PGNY stock.
Still, SEC filings show that on May 01 ’24, Sturmer Michael E (PRESIDENT) disposed off 4,515 shares at an average price of $31.95 for $0.14 million. The insider now directly holds 380,038 shares of Progyny Inc (PGNY).
