CORCEPT THERAPEUTICS INC (NASDAQ:CORT), a strong growth stock, setting up for a breakout.

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if CORCEPT THERAPEUTICS INC (NASDAQ:CORT) is suited for growth investing, while it is forming a base and may be ready to breakout. Investors should of course do their own research, but we spotted CORCEPT THERAPEUTICS INC showing up in our growth with base formation screen, so it may be worth spending some more time on it.

Deciphering CORT's Growth Rating

A key component of ChartMill's stock assessment is the Growth Rating, which spans from 0 to 10. This rating evaluates diverse growth factors, such as EPS and revenue growth, considering both past performance and future projections. CORT has received a 9 out of 10:

• The Earnings Per Share has grown by an impressive 30.53% over the past year.
• Measured over the past years, CORT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.71% on average per year.
• CORT shows a strong growth in Revenue. In the last year, the Revenue has grown by 39.93%.
• CORT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.11% yearly.
• The Earnings Per Share is expected to grow by 54.37% on average over the next years. This is a very strong growth
• The Revenue is expected to grow by 29.15% on average over the next years. This is a very strong growth
• When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
• The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

Deciphering CORT's Health Rating

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. CORT scores a 8 out of 10:

• An Altman-Z score of 31.52 indicates that CORT is not in any danger for bankruptcy at the moment.
• With an excellent Altman-Z score value of 31.52, CORT belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
• CORT has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
• A Current Ratio of 3.35 indicates that CORT has no problem at all paying its short term obligations.
• CORT has a Quick Ratio of 3.26. This indicates that CORT is financially healthy and has no problem in meeting its short term obligations.

Evaluating Profitability: CORT

ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of CORT, the assigned 7 is noteworthy for profitability:

• With an excellent Return On Assets value of 16.80%, CORT belongs to the best of the industry, outperforming 96.97% of the companies in the same industry.
• With an excellent Return On Equity value of 20.78%, CORT belongs to the best of the industry, outperforming 92.42% of the companies in the same industry.
• CORT has a better Return On Invested Capital (16.89%) than 92.42% of its industry peers.
• With an excellent Profit Margin value of 20.92%, CORT belongs to the best of the industry, outperforming 93.43% of the companies in the same industry.
• CORT has a Operating Margin of 20.29%. This is amongst the best in the industry. CORT outperforms 85.86% of its industry peers.
• With an excellent Gross Margin value of 98.39%, CORT belongs to the best of the industry, outperforming 97.47% of the companies in the same industry.

How does the Setup look for CORT

ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for CORT is 7:

CORT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 66.05, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Our Strong Growth screener lists more Strong Growth stocks and is updated daily.

Check the latest full fundamental report of CORT for a complete fundamental analysis.

Our latest full technical report of CORT contains the most current technical analsysis.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.