PROG Raises 13.72% in Just One Trading Session

The PROG stock price fluctuated between $3.98 and $5.15 throughout the trading session with the volume trading being 123M shares, which represented a positive variation when compared to the three months average volume of 76M shares.

The share price of Progenity, Inc. (NasdaqGM:PROG) ran up 13.72% to close Friday’s market session at $4.89, higher as compared to yesterday’s close which brings the market valuation of the company to $799.10M.

The 52-week high for the Progenity, Inc.’s shares is $7.8600. That puts it -37.79% from that peak with a 52-week low of $0.6570, while the S&P 500’s share price change was of 31.32%.

What does the trading volume tell us about the PROG stock?

During the last trading session, Progenity, Inc. (NasdaqGM:PROG) has seen growth in its daily volume. The daily volume was of 76M, while in the last 10 days the average was 96.97M and last three months – 76.45M.

The increasing interest in the PROG stock from the investors is helping to drive the stock price up.

Growing short interest

The Progenity, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 21.96M shares being shorted which translates into 0.15 of a short ratio for PROG, while in the previous month the shorted shares were 10.75M.

Progenity, Inc.’s (NasdaqGM:PROG) financials

With a market cap of 799.10M, Progenity, Inc. holds a total cash of $54.14M that translates into $0.33 per share, while the total debt is of $157.83M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 225.00%. The current revenue is of $75.07M that is $1.12 per share.

This is a great sign for a bright future.