PGNY
Progyny, Inc. Healthcare - Fertility Benefits Investor Relations →
Progyny, Inc. (PGNY) closed at $18.13 as of 2026-03-20, trading 37.0% below its 200-week moving average of $28.80. This places PGNY in the extreme value zone. The stock moved further from the line this week, up from -39.4% last week. With a 14-week RSI of 22, PGNY is in oversold territory.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.06 ratio) is neutral — neither side is clearly dominating.
Over the past 286 weeks of data, PGNY has crossed below its 200-week moving average 9 times. On average, these episodes lasted 21 weeks. Historically, investors who bought PGNY at the start of these episodes saw an average one-year return of +3.1%.
With a market cap of $1485 million, PGNY is a small-cap stock. The company generates a free cash flow yield of 14.3%, which is notably high. Return on equity stands at 12.5%. The stock trades at 2.9x book value.
The company has been aggressively buying back shares, reducing its share count by 10.6% over the past three years.
Over the past 5.6 years, a hypothetical investment of $100 in PGNY would have grown to $63, compared to $210 for the S&P 500. PGNY has returned -8.0% annualized vs 14.2% for the index, underperforming the broader market over this period.
In the past 12 months, corporate insiders have made 1 open-market purchase totaling $1,930,896. Notably, these purchases occurred while PGNY is trading below its 200-week moving average — insiders are buying when the market is most pessimistic.
Free cash flow has been growing at a 35.5% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: PGNY vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After PGNY Crosses Below the Line?
Across 9 historical episodes, buying PGNY when it crossed below its 200-week moving average produced an average return of +2.4% after 12 months (median -8.0%), compared to +17.8% for the S&P 500 over the same periods. 11% of those episodes were profitable after one year. After 24 months, the average return was -26.1% vs +39.1% for the index.
Each line shows $100 invested at the moment PGNY crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
PGNY has crossed below its 200-week MA 9 times with an average 1-year return of +3.1% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 2020 | Nov 2020 | 1 | 5.0% | +152.1% | -25.6% |
| Jan 2022 | Feb 2022 | 6 | 6.0% | -10.5% | -50.8% |
| Apr 2022 | Aug 2022 | 14 | 31.7% | -13.6% | -52.8% |
| Aug 2022 | Sep 2022 | 1 | 3.7% | -0.5% | -51.7% |
| Sep 2022 | Oct 2022 | 5 | 7.0% | -8.8% | -50.0% |
| Nov 2022 | May 2023 | 29 | 27.2% | -20.6% | -52.3% |
| Jun 2023 | Jul 2023 | 3 | 4.1% | -29.3% | -50.5% |
| Aug 2023 | Feb 2024 | 25 | 22.1% | -43.7% | -51.5% |
| Feb 2024 | Ongoing | 109+ | 64.6% | Ongoing | -53.1% |
| Average | 21 | — | +3.1% | — |
Frequently Asked Questions
Is PGNY below its 200-week moving average?
Yes. As of 2026-03-20, Progyny, Inc. (PGNY) is trading 37.0% below its 200-week moving average of $28.80. The current price is $18.13.
What is PGNY's 200-week moving average price?
Progyny, Inc.'s 200-week moving average is $28.80 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when PGNY drops below its 200-week moving average?
PGNY has crossed below its 200-week moving average 9 times in our data. On average, buying at that moment produced a one-year return of +3.1%. These dips have historically been decent entry points. These episodes lasted 21 weeks on average.
Is PGNY a good value right now?
Here's what our data says about PGNY as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 22 (oversold). Free cash flow yield is 14.3%. Return on equity is 12.5%. Price-to-book is 2.9x. This is not a buy or sell recommendation — always do your own research.
How does PGNY compare to the S&P 500?
Over the past 5.6 years, $100 invested in PGNY would have grown to $63, compared to $210 for the S&P 500. That's -8.0% annualized vs 14.2% for the index. PGNY has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20