Progyny Inc Shares Up 3 percent on Nov 21

PGNY Stock  USD 15.27  0.48  3.05%   
Slightly above 57% of Progyny's investor base is looking to short. The analysis of overall sentiment of trading Progyny stock suggests that many investors are alarmed at this time. Progyny's investing sentiment can be driven by a variety of factors including economic data, Progyny's earnings reports, geopolitical events, and overall market trends.
  
Shares of Progyny Inc surged 3.00 percent in mid-day trading on Nov 21. The stock reached an intraday high of 14.53, before settling at 14.40, up from its

Read at gurufocus.com
Gurufocus Stories at Macroaxis
  

Progyny Current Investor Sentiment

Panic Vs Confidence

43

 
Panic
 
Confidence
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Progyny's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Progyny.

Progyny Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Progyny can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Progyny Historical Investor Sentiment

Investor biases related to Progyny's public news can be used to forecast risks associated with an investment in Progyny. The trend in average sentiment can be used to explain how an investor holding Progyny can time the market purely based on public headlines and social activities around Progyny. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Progyny's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Progyny and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Progyny news discussions. The higher the estimate score, the more favorable the investor's outlook on Progyny.

Progyny Fundamental Analysis

We analyze Progyny's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Progyny using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Progyny based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Cash Per Share

Cash Per Share Comparative Analysis

Progyny is currently under evaluation in cash per share category among its peers. Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.

Progyny Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Progyny stock to make a market-neutral strategy. Peer analysis of Progyny could also be used in its relative valuation, which is a method of valuing Progyny by comparing valuation metrics with similar companies.

Peers

Progyny Related Equities

EVHEvolent Health   8.60   
0%
100.0%
DHDefinitive Healthcare   5.17   
0%
60.0%
RCMR1 RCM   0.07   
0%
1.0%
HSTMHealthStream   0.03   
0%
1.0%
VEEVVeeva Systems   0.03   
1.0%
0%
PHRPhreesia   0.15   
1.0%
0%
HCATHealth Catalyst   0.23   
2.0%
0%
NRCNational Research   0.51   
5.0%
0%
CERTCertara   1.09   
12.0%
0%
TXG10X Genomics   1.90   
22.0%
0%
GDRXGoodrx Holdings   2.66   
30.0%
0%
SLPSimulations Plus   3.12   
36.0%
0%
PRVAPrivia Health   4.23   
49.0%
0%
TDOCTeladoc   5.41   
62.0%
0%

Additional Tools for Progyny Stock Analysis

When running Progyny's price analysis, check to measure Progyny's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Progyny is operating at the current time. Most of Progyny's value examination focuses on studying past and present price action to predict the probability of Progyny's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progyny's price. Additionally, you may evaluate how the addition of Progyny to your portfolios can decrease your overall portfolio volatility.