Progressive Care Inc

Company Profile

Progressive Care Inc had its IPO on under the ticker symbol RXMD.

The company operates in the Healthcare sector and Pharmaceutical Retailers industry. Progressive Care Inc has a staff strength of 105 employees.

Stock update

Shares of Progressive Care Inc opened at $5.45 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $5.45 - $5.5, and closed at $5.45.

This is a -1.62% slip from the previous day's closing price.

A total volume of 418 shares were traded at the close of the day’s session.

In the last one week, shares of Progressive Care Inc have slipped by -1.8%.

Progressive Care Inc's Key Ratios

Progressive Care Inc has a market cap of $33.73 million, indicating a price to book ratio of 39.7825 and a price to sales ratio of 0.5018.

In the last 12-months Progressive Care Inc’s revenue was $43.53 million with a gross profit of $10.17 million and an EBITDA of $-1358028. The EBITDA ratio measures Progressive Care Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Progressive Care Inc’s operating margin was -3.69% while its return on assets stood at -6.36% with a return of equity of -207.36%.

In Q2, Progressive Care Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 15.9%.

Progressive Care Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

0

Its diluted EPS in the last 12-months stands at $-2.58 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Progressive Care Inc’s profitability.

Progressive Care Inc stock is trading at a EV to sales ratio of 0.5422 and a EV to EBITDA ratio of -2.1809. Its price to sales ratio in the trailing 12-months stood at 0.5018.

Progressive Care Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$20.34 million

Total Liabilities

$8.55 million

Operating Cash Flow

$0

Capital Expenditure

$215875

Dividend Payout Ratio

0%

Progressive Care Inc ended 2024 with $20.34 million in total assets and $0 in total liabilities. Its intangible assets were valued at $20.34 million while shareholder equity stood at $10.38 million.

Progressive Care Inc ended 2024 with $0 in deferred long-term liabilities, $8.55 million in other current liabilities, 67131.00 in common stock, $-19741478.00 in retained earnings and $1.39 million in goodwill. Its cash balance stood at $7.35 million and cash and short-term investments were $7.35 million. The company’s total short-term debt was $1,321,545 while long-term debt stood at $1.17 million.

Progressive Care Inc’s total current assets stands at $15.68 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $6.48 million compared to accounts payable of $8.20 million and inventory worth $1.63 million.

In 2024, Progressive Care Inc's operating cash flow was $0 while its capital expenditure stood at $215875.

Comparatively, Progressive Care Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$5.45

52-Week High

$10.4

52-Week Low

$2

Analyst Target Price

$

Progressive Care Inc stock is currently trading at $5.45 per share. It touched a 52-week high of $10.4 and a 52-week low of $10.4. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $5.31 and 200-day moving average was $4.87 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 587.8% of the company’s stock are held by insiders while 0% are held by institutions.