There Is Clear Momentum For CryoPort Inc (NASDAQ: CYRX)

CryoPort Inc (CYRX) concluded trading on Thursday at a closing price of $17.70, with 0.49 million shares of worth about $8.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.09% during that period and on March 28, 2024 the price saw a loss of about -2.32%. Currently the company’s common shares owned by public are about 48.97M shares, out of which, 47.37M shares are available for trading.

However, the stock later moved at a day high price of 18.34, or with a loss of -2.32%. Stock saw a price change of 7.14% in past 5 days and over the past one month there was a price change of 7.14%. Year-to-date (YTD), CYRX shares are showing a performance of 14.27% which decreased to -17.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $9.00 but also hit the highest price of $24.30 during that period. The average intraday trading volume for CryoPort Inc shares is 454.88K. The stock is currently trading 6.34% above its 20-day simple moving average (SMA20), while that difference is up 11.16% for SMA50 and it goes to 19.03% higher than SMA200.

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CryoPort Inc (NASDAQ: CYRX) currently have 48.97M outstanding shares and institutions hold larger chunk of about 103.72% of that.

The stock has a current market capitalization of $866.95M and its 3Y-monthly beta is at 1.60. It has posted earnings per share of -$2.20 in the same period. It has Quick Ratio of 11.16 while making debt-to-equity ratio of 0.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CYRX, volatility over the week remained 5.81% while standing at 6.47% over the month.

Analysts are in expectations that CryoPort Inc (CYRX) stock would likely to be making an EPS of -$0.35 in the current quarter, while forecast for next quarter EPS is -$0.33 and it is -$0.95 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.42 which is -$0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 44.02% while it is estimated to increase by 21.44% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on March 13, 2024 offering a Buy rating for the stock and assigned a target price range of between $19 and $18 to it. Coverage by Morgan Stanley stated CryoPort Inc (CYRX) stock as an Equal-weight in their note to investors on August 17, 2023, suggesting a price target of $16 for the stock. On August 10, 2023, Stephens Downgrade their recommendations, while on July 18, 2023, UBS Downgrade their ratings for the stock with a price target of $17. Stock get a Sector weight rating from KeyBanc Capital Markets on July 17, 2023.

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