Why NATERA INC (NASDAQ:NTRA) qualifies as a high growth stock.

Our stockscreener has identified a possible breakout setup on NATERA INC (NASDAQ:NTRA). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:NTRA for potential opportunities.

Technical Analysis Observations

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, NTRA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NTRA is showing a nice and steady performance.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• When comparing the yearly performance of all stocks, we notice that NTRA is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, NTRA also shows a nice and consistent pattern of rising prices.
• NTRA is part of the Biotechnology industry. There are 571 other stocks in this industry. NTRA outperforms 94% of them.
• NTRA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month NTRA has a been trading in the 155.19 - 182.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of NTRA for a complete technical analysis.

How does the Setup look for NASDAQ:NTRA

Alongside the Technical Rating, 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 NASDAQ:NTRA is 9:

NTRA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 174.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 173.37, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NTRA in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Why NASDAQ:NTRA may be interesting for high growth investors.

• The EPS of NATERA INC has exhibited growth from one quarter to another (Q2Q), with a 72.63% increase. This underscores the company's ability to generate higher earnings and improve its financial standing.
• The recent q2q revenue growth of 63.9% of NATERA INC showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
• The 1-year revenue growth of NATERA INC (54.93%) has been strong, reflecting the company's ability to generate consistent sales growth. This growth suggests the company's ability to meet customer needs and expand its market share.
• Over the past 3 months, analysts have adjusted their EPS Estimate for NATERA INC with a 33.07% change. This highlights the evolving outlook on the company's EPS potential.
• The recent financial report of NATERA INC demonstrates a 72.63% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• The earnings per share (EPS) growth of NATERA INC are accelerating: the current Q2Q growth of 72.63% is above the previous year Q2Q growth of 24.0%. Earnings momentum and acceleration are key for high growth systems.
• With positive growth in its operating margin over the past year, NATERA INC showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• With a favorable trend in its free cash flow (FCF) over the past year, NATERA INC demonstrates its ability to generate robust cash flows and maintain financial stability. This growth reflects the company's focus on efficient capital allocation and cash management.
• NATERA INC exhibits a favorable Debt-to-Equity ratio at 0.42. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• NATERA INC has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• NATERA INC has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 96.14 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning. NATERA INC is well-positioned for potential price growth opportunities.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.