Progyny, Inc. Common Stock | PGNY

Daily Technical Analysis of Progyny, Inc. Common Stock

Progyny had a nice pop today and is currently up 3.14% we'll see if the cash keeps flowing in.

Currently PGNY isn't at a clear support/resistance line that seems tradable. But we can consider it's momentum, Progyny has seen a lot of selling over the last year which hasn't let up, this thing has really been sliding. People who bought the asset have lost -55.22 percent over the last 12 months, not great! I would wait until it get to a better support level before rolling the dice on this one. PGNY might find some support at the 34.96 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Progyny By Price Target And Rating

The analysts feel fairly neutral on the prospects for Progyny but a little more positive than negative. The current Analysts Sentiment Score is 13.53. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Cantor Fitzgerald announced that they are reiterating a rating of Overweight on 2024-02-28 and they set their price target at $48.00. Truist Financial decided to move down their price target on 2024-02-28 to $46.00 which is a -2.13% decrease. KeyCorp provided a price target decease of -4.44% to $43.00 from $45.00 on 2024-02-28. Leerink Partnrs reiterated a rating of Outperform on 2024-02-26. On 2024-02-26 SVB Leerink started covering Progyny with a rating of Outperform and they set their price target at $49.00.Barclays initiated a rating of Overweight on 2024-01-03 and provided a price target of $48.00. JPMorgan Chase & Co. provided a price target decease of -1.72% to $57.00 from $58.00 on 2023-10-09. Canaccord Genuity Group initiated a rating of Buy on 2023-09-27 and provided a price target of $46.00. On 2023-05-22 BTIG Research started covering Progyny with a rating of Buy and added a price target of $50.00. Bank of America gave a boost to their price target and moved to $50.00 from $48.00 on 2023-05-09.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Progyny

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Progyny

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.