- United States
- /
- Biotech
- /
- NasdaqGS:PBYI
Interested In Healthcare? Why Puma Biotechnology Inc (NASDAQ:PBYI) May Be The Entry Point
Puma Biotechnology Inc (NASDAQ:PBYI), a US$1.86B small-cap, is a healthcare company operating in an industry, which continues to be affected by the sustained economic uncertainty and structural trends, such as an aging population, impacting the sector globally. The demand for new drug development to meet new or persistent chronic illnesses, as well as the ongoing need for biotech drugs as Baby Boomers continue to age, are growth drivers for the optimistic outlook for the biotech industry in the long run. Healthcare analysts are forecasting for the entire industry, a fairly unexciting growth rate of 9.58% in the upcoming year , and an enormous growth of 45.48% over the next couple of years. This rate is larger than the growth rate of the US stock market as a whole. Should your portfolio be overweight in the biotech sector at the moment? In this article, I’ll take you through the sector growth expectations, and also determine whether Puma Biotechnology is a laggard or leader relative to its healthcare sector peers. Check out our latest analysis for Puma Biotechnology
What’s the catalyst for Puma Biotechnology's sector growth?
Is Puma Biotechnology and the sector relatively cheap?
Next Steps:
Puma Biotechnology’s industry-beating future is a positive for investors. If Puma Biotechnology has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the biotech industry. However, before you make a decision on the stock, I suggest you look at Puma Biotechnology's fundamentals in order to build a holistic investment thesis.- Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
- Historical Track Record: What has PBYI's performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of Puma Biotechnology? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
About NasdaqGS:PBYI
Puma Biotechnology
A biopharmaceutical company, focuses on the development and commercialization of products to enhance cancer care in the United States and internationally.
Outstanding track record with flawless balance sheet.
Similar Companies
Market Insights
Community Narratives
