While CryoPort Inc has overperformed by 2.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CYRX fell by -51.09%, with highs and lows ranging from $20.10 to $5.32, whereas the simple moving average fell by -22.48% in the last 200 days.
On December 19, 2024, Guggenheim started tracking CryoPort Inc (NASDAQ: CYRX) recommending Buy. A report published by Jefferies on August 07, 2024, Downgraded its rating to ‘Hold’ for CYRX. B. Riley Securities also Upgraded CYRX shares as ‘Buy’, setting a target price of $15 on the company’s shares in a report dated July 31, 2024. B. Riley Securities May 03, 2024d the rating to Neutral on May 03, 2024, and set its price target from $22 to $19. Jefferies initiated its ‘Buy’ rating for CYRX, as published in its report on April 04, 2024. Needham’s report from March 13, 2024 suggests a price prediction of $18 for CYRX shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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Analysis of CryoPort Inc (CYRX)
Further, the quarter-over-quarter increase in sales is 0.90%, showing a positive trend in the upcoming months.
To gain a thorough understanding of CryoPort Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -33.15% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.32, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CYRX is recording an average volume of 417.40K. On a monthly basis, the volatility of the stock is set at 8.16%, whereas on a weekly basis, it is put at 7.69%, with a loss of -3.32% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.89, showing growth from the present price of $7.87, which can serve as yet another indication of whether CYRX is worth investing in or should be passed over.
How Do You Analyze CryoPort Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.72%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CYRX shares are owned by institutional investors to the tune of 95.50% at present.
