At the time of writing, CARGO Therapeutics Inc [CRGX] stock is trading at $17.50, up 5.61%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CRGX shares have gain 20.69% over the last week, with a monthly amount glided 10.55%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
CARGO Therapeutics Inc [NASDAQ: CRGX] stock has seen the most recent analyst activity on July 22, 2024, when H.C. Wainwright initiated its Buy rating and assigned the stock a price target of $33. Previously, Chardan Capital Markets started tracking the stock with Buy rating on July 08, 2024, and set its price target to $28. On June 27, 2024, Piper Sandler initiated with a Overweight rating and assigned a price target of $37 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $34 on December 05, 2023. TD Cowen initiated its recommendation with a Outperform. JP Morgan started tracking with a Overweight rating for this stock on December 05, 2023, and assigned it a price target of $23. In a note dated December 05, 2023, Jefferies initiated an Buy rating and provided a target price of $28 on this stock.
For the past year, the stock price of CARGO Therapeutics Inc fluctuated between $13.14 and $33.92. Currently, Wall Street analysts expect the stock to reach $32.33 within the next 12 months. CARGO Therapeutics Inc [NASDAQ: CRGX] shares were valued at $17.50 at the most recent close of the market. An investor can expect a potential return of 84.74% based on the average CRGX price forecast.
Analyzing the CRGX fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.53 and Total Capital is -0.33. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 16.57 points at the first support level, and at 15.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.02, and for the 2nd resistance point, it is at 18.54.
Ratios To Look Out For
It is important to note that CARGO Therapeutics Inc [NASDAQ:CRGX] has a current ratio of 16.96. Also, the Quick Ratio is 16.96, while the Cash Ratio stands at 5.81.
Transactions by insiders
Recent insider trading involved Samsara BioCapital GP, LLC, 10% Owner, that happened on May 30 ’24 when 0.29 million shares were purchased. 10% Owner, Samsara BioCapital GP, LLC completed a deal on Nov 14 ’23 to buy 0.67 million shares. Meanwhile, 10% Owner Third Rock Ventures V, L.P. bought 1.33 million shares on Nov 14 ’23.
