Home Trending Stocks Why Progyny Inc (PGNY) stock gained on Thursday, April 15?

Why Progyny Inc (PGNY) stock gained on Thursday, April 15?

Progyny Inc (PGNY) stock gained 7.31% in the after-hours session on Thursday, April 15, 2021, after it gained 0.94% in the early session.  PGNY shares have gained 146.67% over the last 12 months, and they have moved up by 9.97% in the past week. Over the past three months, the stock has gained 12.32%, while over the past six months, it has added 71.98%.

Let’s try to find out the reason behind its positive momentum


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Progyny Inauguration on S&P MidCap 400

On April 15, 2021, S&P Dow Jones Indices made some changes and announced that Progyny Inc. (PGNY) will replace Domtar Corp. (UFS) in the S&P MidCap 400 from April 20, 2021.

Read More

Recent financial results

On February 24, 2021, Progyny, Inc. reported its financial results for the three- and twelve-month periods ended December 31, 2020.

Q4 Financial Highlights

  • For Q4 2020, PGNY earned revenue of 100.3 million compared to the $65.1 million reported in the fourth quarter of 2019.
  • Gross profit was $20.7 million for the fourth quarter compared to $11.8 million reported in the fourth quarter of 2019.
  • Progyny net income for Q4 2020 was $39.1 million, or $0.39 income per diluted share compared to $4.4 million net loss, or $0.07 loss per diluted share, reported in the fourth quarter of 2019.
  • Adjusted net income was $7.2 million, or $0.07 income per diluted share for the reported quarter compared to adjusted net income of $1.7 million, or $0.02 income per diluted share in the fourth quarter of 2019.
  • For the Q4 2020, Adjusted EBITDA was $11.9 million compared to $3.9 million in the fourth quarter of 2019.
  • For the reported quarter, net cash provided by operating activities was $6.5 million compared to net cash used by $5.5 million in the prior-year period.

The full Year 2020 financial highlights

  • Progynyrevenue was $344.9 million in FY 2020 compared to $229.7 million reported in the year 2019.
  • It earned a gross profit of $70.1 million in 2020compared to $45.5 million reported in the prior-year period.
  • ProgynyNet income was $46.5 million, or $0.47 income per diluted share, compared to $8.6 million net loss, or $0.41 loss per diluted share, reported in the year 2019.
  • Adjusted net income was $17.8 million, or $0.18 income per diluted share compared to adjusted net income of $10.9 million, or $0.12 income per diluted share in 2019.
  • For FY 2020, adjusted EBITDA was $32.4 million, compared to $18.3 million in2019.
  • Progynyhad total working capital of approximately $112.4 million and no debt on December 31, 2020.
  • Net cash provided by operating activities in FY 2020 was $36.2 million, compared to net cash used by operating activities of $1.5 million in 2019.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Conclusion

There is no recent development to justify its gains on Thursday. it can continue its positive momentum in the coming days.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

What Explains MOGO Stock Going Up Today?

The Mogo Inc. (NASDAQ: MOGO) stock has gained 5.04% to $8.55 in premarket trading today. Mogo stock finished last trading day at $8.14, down...

Zynga Inc. (ZNGA) stock rises in the Pre-Market: What’s going on?

Zynga Inc. (ZNGA) announced its first-quarter 2021 financial results after which the ZNGA stock happened to be green after underperformance in the last trade....

American Shared Hospital Services (AMS) Stock Continues to Soar Following Unprecedent Volumes Being Traded

American Shared Hospital Services (AMS) stock prices surged by 30.51% as of market close on May 5th, 2021, bringing the price per share up...

James River Group Holdings Ltd. (NASDAQ: JRVR) stock falls during pre-market. Why is it so?

James River Group Holdings Ltd. (NASDAQ: JRVR) stock plunged by 1.67% at last close while the JRVR stock continued decline by 25.74% at last...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

Ambev S.A. (ABEV) Stock Trends Up Following Highly Promising Earnings Call for Q4 2020

Ambev S.A. (ABEV) stock prices were up 10.3943% shortly after the market opened on May 6th, 2021, bringing the price per share up to...

Sally Beauty Holdings (NYSE:SBH) stock surged in the current trading session; here’s why

In the current trading session, Sally Beauty Holdings Inc. (SBH) stock had surged by 19.69% to $24.25 at the time of writing. SBH stock...

Moderna Inc. (NASDAQ: MRNA) stock declines during current market. Let’s figure out why?

Moderna Inc. (NASDAQ: MRNA) stock falls by 5.31% in the current market trading after MRNA has announced its financial results for Q1 2021. Moderna...

Related News

What Explains MOGO Stock Going Up Today?

The Mogo Inc. (NASDAQ: MOGO) stock has gained 5.04% to $8.55 in premarket trading today. Mogo stock finished last trading day at $8.14, down...

Zynga Inc. (ZNGA) stock rises in the Pre-Market: What’s going on?

Zynga Inc. (ZNGA) announced its first-quarter 2021 financial results after which the ZNGA stock happened to be green after underperformance in the last trade....

American Shared Hospital Services (AMS) Stock Continues to Soar Following Unprecedent Volumes Being Traded

American Shared Hospital Services (AMS) stock prices surged by 30.51% as of market close on May 5th, 2021, bringing the price per share up...

James River Group Holdings Ltd. (NASDAQ: JRVR) stock falls during pre-market. Why is it so?

James River Group Holdings Ltd. (NASDAQ: JRVR) stock plunged by 1.67% at last close while the JRVR stock continued decline by 25.74% at last...

Aviat Networks, Inc. (AVNW) Stock Trending Up After Promising Financial Reports for Most Recent Quarter

Aviat Networks, Inc. (AVNW) stock prices were up 3.81% as of market close on May 5th 2021, bringing the price per share up to...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.