Does PROTALIX BIOTHERAPEUTICS INC (NYSEARCA:PLX) show the characteristics of a Minervini super stock?

In this article we will dive into PROTALIX BIOTHERAPEUTICS INC (NYSEARCA:PLX) as a possible candidate for growth investing. Investors should always do their own research, but we noticed PROTALIX BIOTHERAPEUTICS INC showing up in our Minervini growth screen, which makes it worth to investigate a bit more.

Minervini Trend Template Analysis.

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

• ✔ 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)

Unpacking PLX's High Growth Momentum Rating

ChartMill assigns a High Growth Momentum Rating (HGM) to every stock. This score ranges from 0 to 10 and evaluates the different growth and profitability aspects, including accelleration, surprises and revisions. PLX scores a 5 out of 10:

Earnings Momentum

• PLX has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 229.0% increase. This indicates improving financial performance and the company's effective management of its operations.
• PLX shows accelerating EPS growth: when comparing the current Q2Q growth of 229.0% to the previous quarter Q2Q growth of 175.0%, we see the growth rate improving.
• Sales growth accelerated for 2 quarters in a row.
• PLX has demonstrated strong quarter-to-quarter (Q2Q) revenue growth of 77.19%, reflecting its ability to generate consistent increases in sales. This growth highlights the company's effective market positioning and its potential for continued success.
• Accelerating Sales growth for PLX: the current Q2Q growth of 77.19% exceeds the previous quarter Q2Q growth of 73.6%.
• Sales acceleration happened 2 quarters in a row.

Profitability & Financial Strength

• PLX has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• With a Debt/Equity ratio of 0.0, PLX maintains a solid financial position with controlled leverage.

Market Strength

• PLX has exhibited strong Relative Strength(RS) in recent periods, with a current 97.19 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position.

How do we evaluate the setup for PLX?

ChartMill also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, PLX exhibits a 6 setup rating, indicating its consolidation status in recent days and weeks.

Although PLX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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

Final Thoughts

Our High Growth Momentum + Trend Template screen will find you more ideas which meet the Minervini criteria.

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.