CARGO Therapeutics Inc (CRGX) concluded trading on Wednesday at a closing price of $13.19, with 1.45 million shares of worth about $19.18 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.37% during that period and on January 29, 2025 the price saw a loss of about -3.37%. Currently the company’s common shares owned by public are about 45.99M shares, out of which, 32.06M shares are available for trading.
Stock saw a price change of 3.69% in past 5 days and over the past one month there was a price change of -11.42%. Year-to-date (YTD), CRGX shares are showing a performance of -8.53% which decreased to -42.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.91 but also hit the highest price of $33.92 during that period. The average intraday trading volume for CARGO Therapeutics Inc shares is 239.66K. The stock is currently trading -1.51% below its 20-day simple moving average (SMA20), while that difference is down -11.64% for SMA50 and it goes to -25.75% lower than SMA200.
CARGO Therapeutics Inc (NASDAQ: CRGX) currently have 45.99M outstanding shares and institutions hold larger chunk of about 81.47% of that.
The stock has a current market capitalization of $607.11M and its 3Y-monthly beta is at 2.43. It has posted earnings per share of -$3.55 in the same period. It has Quick Ratio of 18.95 while making debt-to-equity ratio of 0.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRGX, volatility over the week remained 10.57% while standing at 9.30% over the month.
Analysts are in expectations that CARGO Therapeutics Inc (CRGX) stock would likely to be making an EPS of -0.95 in the current quarter, while forecast for next quarter EPS is -0.94 and it is -4.02 for next year. For the current quarter EPS, analysts have given the company a lowest target -1.14 which is -0.69 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 -1.49 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 77.72% while it is estimated to decrease by -8.86% in next year.
Coverage by H.C. Wainwright stated CARGO Therapeutics Inc (CRGX) stock as a Buy in their note to investors on July 22, 2024, suggesting a price target of $33 for the stock. On July 08, 2024, Chardan Capital Markets Initiated their recommendations, while on June 27, 2024, Piper Sandler Initiated their ratings for the stock with a price target of $37. Stock get a Buy rating from Truist on December 05, 2023.
