CryoPort Inc [CYRX] stock is trading at $8.67, up 16.69%. An important factor to consider is whether the stock is rising or falling in short-term value. The CYRX shares have gain 44.50% over the last week, with a monthly amount drifted -16.15%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CryoPort Inc [NASDAQ: CYRX] stock has seen the most recent analyst activity on May 03, 2024, when B. Riley Securities downgraded its rating to a Neutral and also revised its price target to $19 from $22. On March 13, 2024, Needham reiterated its Buy rating and revised its price target to $18 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $16 on August 17, 2023. Stephens downgraded its rating to a Equal-Weight but $15 remained the price target by the analyst firm on August 10, 2023. UBS downgraded its rating to Neutral for this stock on July 18, 2023, and downed its price target to $17. In a note dated July 17, 2023, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
CryoPort Inc [CYRX] stock has fluctuated between $5.32 and $20.10 over the past year. Currently, Wall Street analysts expect the stock to reach $27.5 within the next 12 months. CryoPort Inc [NASDAQ: CYRX] shares were valued at $8.67 at the most recent close of the market. An investor can expect a potential return of 217.19% based on the average CYRX price forecast.
Analyzing the CYRX fundamentals
CryoPort Inc [NASDAQ:CYRX] reported sales of 225.03M for the trailing twelve months, which represents a drop of -13.09%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at -0.34%, Pretax Profit Margin comes in at -0.5%, and Net Profit Margin reading is -0.5%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -0.22 and Total Capital is -0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.88.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.85 points at the first support level, and at 7.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.10, and for the 2nd resistance point, it is at 9.52.
Ratios To Look Out For
For context, CryoPort Inc’s Current Ratio is 10.73. On the other hand, the Quick Ratio is 10.22, and the Cash Ratio is 1.01. Considering the valuation of this stock, the price to sales ratio is 1.90, the price to book ratio is 0.96.
Transactions by insiders
Recent insider trading involved BERMAN RICHARD J, Director, that happened on May 15 ’24 when 8105.0 shares were sold. Chief Digital and Tech Officer, ZECCHINI EDWARD J completed a deal on May 14 ’24 to sell 3443.0 shares. Meanwhile, Chief Executive Officer SHELTON JERRELL sold 2631.0 shares on Mar 25 ’24.
