How does TG THERAPEUTICS INC (NASDAQ:TGTX) stack up against Mark Minervini’s strategy?

In this article we will dive into TG THERAPEUTICS INC (NASDAQ:TGTX) as a possible candidate for growth investing. Investors should always do their own research, but we noticed TG THERAPEUTICS 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 TGTX:

• ✔ 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 TGTX's High Growth Momentum Rating

To evaluate a stock's growth potential, ChartMill utilizes a High Growth Momentum Rating (HGM) on a scale of 0 to 10. This assessment considers various growth and profitability aspects, like EPS and revenue growth, accelleration, surprises and revisions. TGTX has achieved a 6 out of 10:

Earnings Momentum

• TGTX has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 250.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• Accelerating EPS growth for TGTX: the current Q2Q growth of 250.0% exceeds the previous quarter Q2Q growth of -97.26%.
• TGTX has achieved 1.0K% growth in EPS over the past 12 months, reflecting a sustained improvement in earnings performance.
• TGTX has achieved significant quarter-to-quarter (Q2Q) revenue growth of 146.0%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• The sales growth of TGTX is accelerating: the current Q2Q growth of 146.0% is above the previous quarter Q2Q growth of -49.41%. Sales momentum and acceleration are key for high growth systems.
• With impressive 1-year revenue growth of 40.8%, TGTX showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• The average next Quarter EPS Estimate for TGTX has experienced a 15.29% change in the last 3 months, reflecting evolving expectations by analysts regarding the company's EPS performance.

Financial Strength & Profitability

• The operating margin of TGTX 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 TGTX has seen steady growth over the past year, signaling improved profitability.
• The Return on Equity(ROE) of TGTX is 10.52%, which is a strong number. This indicates the company's ability to generate favorable returns for shareholders and reflects its effective management of resources.
• With a Debt/Equity ratio of 1.1, TGTX appears to have a manageable debt load relative to its assets.

Market Strength & Institutional Confidence

• With 63.58% of the total shares held by institutional investors, TGTX showcases a healthy distribution of ownership. This suggests a mix of institutional and retail investors, fostering a dynamic market for the stock.
• The Relative Strength (RS) of TGTX has consistently been strong, with a current 97.96 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength.

Looking at the Setup

ChartMill also provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, TGTX has a 3 as its setup rating:

Although TGTX has an excellent technical rating, it does not present a decent entry opportunity 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 TGTX

More like this

It looks like TG THERAPEUTICS INC meets the Minervini criteria. More high growth momentum breakout stocks can be found in our High Growth Momentum + Trend Template 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.