Is HALOZYME THERAPEUTICS INC (NASDAQ:HALO) a Minervini-style stock?

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

A Technical Analysis using the Minervini Trend Template.

The Minervini Trend Template is a set of technical criteria designed to identify stocks in strong uptrends. We can check all the boxes for HALO:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

Growth Examination for HALO

ChartMill employs its own High Growth Momentum Rating (HGM) system for all stocks. This score, ranging from 0 to 10, is derived by evaluating different growth and profitability factors, such as EPS and revenue growth, as well as accelleration, surprises and revision history. HALO has earned a 5:

Earnings Momentum

• The earnings per share (EPS) of HALO have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 53.66% increase. This reflects the company's ability to improve its profitability over time.
• HALO has achieved 52.16% growth in EPS over the past 12 months, reflecting a sustained improvement in earnings performance.
• The 3-year EPS growth of HALO (30.12%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• With consistent quarter-to-quarter (Q2Q) revenue growth of 29.55%, HALO exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
• With notable 1-year revenue growth of 22.46%, HALO exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for future growth.
• With a track record of beating EPS estimates in the last 4 quarters, HALO showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.

Profitability & Financial Strength

• The operating margin of HALO has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• The profit margin of HALO has seen steady growth over the past year, signaling improved profitability.
• The free cash flow (FCF) of HALO has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.
• The Return on Equity (ROE) of HALO stands at 122.0%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.

Strong Market Performance

• HALO has achieved an impressive Relative Strength (RS) rating of 96.01, showcasing its ability to outperform the broader market.

Why is HALO a setup?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for HALO is 5:

HALO 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. A pullback is taking place, which may present a nice opportunity for an entry.

For an up to date full technical analysis you can check the technical report of HALO

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More ideas for high growth momentum stocks can be found on ChartMill in our High Growth Momentum + Trend Template screen.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.