A share price of CARGO Therapeutics Inc [CRGX] is currently trading at $3.92, up 3.16%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CRGX shares have gain 2.62% over the last week, with a monthly amount glided 7.40%, and 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.
CARGO Therapeutics Inc experienced fluctuations in its stock price throughout the past year 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 $3.92 at the most recent close of the market. An investor can expect a potential return of 422.96% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 3.80 points at the first support level, and at 3.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.98, and for the 2nd resistance point, it is at 4.05.
Ratios To Look Out For
To put it in perspective, the Current Ratio for CARGO Therapeutics Inc [NASDAQ:CRGX] is 18.95. Further, the Quick Ratio stands at 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.
