Is Progressive Care Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Progressive Care Inc (RXMD) is currently classified as NOT COVERED as of May 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Progressive Care Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Progressive Care Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Progressive Care Inc?

Muslim investors may consider investing in Progressive Care Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Progressive Care Inc classified as NOT COVERED?

Musaffa determines the Shariah status of Progressive Care Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Progressive Care Inc updated?

The Shariah compliance status of Progressive Care Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Progressive Care Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Progressive Care Inc?

You can check the latest Shariah compliance status of Progressive Care Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Progressive Care Inc. Stock Analysis RXMD

United States N/A Nano Cap

Progressive Care, Inc. is a personalized healthcare services and technology provider. The company is headquartered in Hallandale Beach, Florida and currently employs 143 full-time employees. The firm operates through two segments: Pharmacy Operations and Third-Party Administration. The Pharmacy Operations segment provides prescription pharmaceuticals, compounded medications, tele-pharmacy services, COVID-19 related diagnostics and vaccinations, anti-retroviral medications, medication therapy management, the supply of prescription medications to long-term care facilities, medication adherence packaging, and contracted pharmacy services for 340B covered entities under the 340B Drug Discount Pricing Program. The Third-Party Administration segment provides data management and reporting services to support health care organizations. The company offers services in a variety of languages, including English, Spanish, French, Creole, Portuguese, Ukrainian and Russian. Through its wholly owned subsidiary, ClearMetrX, it offers data management and reporting services to support health care organizations.

Key Statistics of Progressive Care Inc (RXMD)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$1.99$2.11

Today's Open

$2.00

Volume

63.00

P/E Ratio (TTM)

52 Week Range

$0.30$8.00

Market Cap

13.49M

Avg. Volume

998.40

Dividend Yield

Financial Metrics & Statements of Progressive Care Inc (RXMD)

FAQ's for Progressive Care Inc (RXMD)

According to Musaffa’s Shariah screening methodology, Progressive Care Inc (RXMD) is currently classified as NOT COVERED as of May 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.