How analysts predict Progyny Inc (PGNY) will perform this quarter?

Progyny Inc (PGNY)’s stock is trading at $16.29 at the moment marking a rise of 10.74% from the last session close. As of this writing, shares are priced at -61.29% less than their 52-week high of $42.08, and 21.66% over their 52-week low of $13.39. Based on the past 30-day period, the stock price is -3.21% below the high and +17.46% above the low.

The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, PGNY’s SMA-200 is $23.98.

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Further, it is important to consider PGNY stock ratios, particularly its price-to-sales ratio over the past twelve months, which stands at 1.22.Likewise, its price to free cash flow for the last twelve months stands at 8.65. PGNY’s price to book ratio for the most recent quarter was 3.31, resulting in an 5.88 price to cash per share for the period.

How does Progyny Inc (PGNY) stock rate among analysts? Buy, sell, or hold?

The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 11 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.73 in simple terms.

Progyny Inc (PGNY): Earnings History

Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 4 different analysts, who are expecting earnings to fall in between the range of 0.14 and 0.06 with an average Earnings Estimate of 0.10 which is in contrast with the last year earnings estimate of 0.13 and also replicates -23.08% growth rate year over year.

Progyny Inc (NASDAQ: PGNY) Ownership Details

I will give a breakdown of the key shareholders in Progyny Inc (PGNY). Recent figures show that the company’s insiders hold 6.97% of shares. A total of 399 institutional investors hold shares in the company, making 107.73% of its stock and 115.80% of its float.

Sep 30, 2024 , it was reported that the Company’s largest institutional holder is Blackrock Inc. holding total of 14.03 shares that make 16.48% of the company’s total number of shares and are currently priced at 225.24 million.

The securities firm Vanguard Group Inc holds 8.64 shares of PGNY, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 10.15% , and the holding percentage of shares is valued at 138.78 million.

An overview of Progyny Inc’s technicals

In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Progyny Inc (PGNY) traded 1,606,582 shares per day, with a moving average of $14.99 and price change of +0.80. With the moving average of $15.29 and a price change of -0.29, about 1,627,367 shares changed hands on average over the past 50 days. Finally, PGNY’s 100-day average volume is 2,090,404 shares, alongside a moving average of $17.63 and a price change of -9.46.

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