At the time of writing, CARGO Therapeutics Inc [CRGX] stock is trading at $3.70, saw in change for the day. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRGX shares have gain 8.19% over the last week, with a monthly amount drifted -69.17%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
CARGO Therapeutics Inc [NASDAQ: CRGX] stock has seen the most recent analyst activity on January 30, 2025, when William Blair downgraded its rating to a Mkt Perform. Previously, Truist downgraded its rating to Hold on January 30, 2025, and dropped its price target to $7. On January 30, 2025, downgrade downgraded it’s rating to Neutral and revised its price target to $4 on the stock. JP Morgan downgraded its rating to a Underweight. Jefferies downgraded its rating to a Hold and reduced its price target to $3 on January 30, 2025. H.C. Wainwright downgraded its rating to Neutral for this stock on January 30, 2025. In a note dated January 30, 2025, Chardan Capital Markets downgraded an Neutral rating on this stock.
For the past year, the stock price of CARGO Therapeutics Inc fluctuated between $3.00 and $33.92. Currently, Wall Street analysts expect the stock to reach $20.5 within the next 12 months. CARGO Therapeutics Inc [NASDAQ: CRGX] shares were valued at $3.70 at the most recent close of the market. An investor can expect a potential return of 454.05% based on the average CRGX price forecast.
Analyzing the CRGX fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.38 and Total Capital is -0.4. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
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 3.63 points at the first support level, and at 3.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.82, and for the 2nd resistance point, it is at 3.93.
Ratios To Look Out For
It is important to note that CARGO Therapeutics Inc [NASDAQ:CRGX] has a current ratio of 18.95. As well, the Quick Ratio is 18.95, while the Cash Ratio is 3.29.
Transactions by insiders
Recent insider trading involved Chapman Gina, President & CEO, that happened on Sep 18 ’24 when 7166.0 shares were sold. President & CEO, Chapman Gina completed a deal on Sep 19 ’24 to sell 2975.0 shares. Meanwhile, Chief Financial Officer Radhakrishnan Anup sold 1600.0 shares on Sep 18 ’24.
