In the last trading session, 1.18 million shares of the CryoPort Inc (NASDAQ:CYRX) were traded, and its beta was 1.61. Most recently the company’s share price was $8.33, and it changed around $1.0 or 13.64% from the last close, which brings the market valuation of the company to $415.16M. CYRX currently trades at a discount to its 52-week high of $20.10, offering almost -141.3% off that amount. The share price’s 52-week low was $5.32, which indicates that the current value has risen by an impressive 36.13% since then. We note from CryoPort Inc’s average daily trading volume that its 10-day average is 0.47 million shares, with the 3-month average coming to 438.80K.
CryoPort Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 6 recommended CYRX as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
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CryoPort Inc (NASDAQ:CYRX) trade information
Instantly CYRX has showed a green trend with a performance of 13.64% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.59 on recent trading dayincreased the stock’s daily price by 3.03%. The company’s shares are currently down -46.22% year-to-date, but still up 7.07% over the last five days. On the other hand, CryoPort Inc (NASDAQ:CYRX) is 3.87% up in the 30-day period. We can see from the shorts that 2.7 million shares have been sold at a short interest cover period of 7.0 day(s).
The consensus price target as assigned by Wall Street analysts is $11.5, which translates to bulls needing to increase their stock price by 27.57% from its current value. Analyst projections state that CYRX is forecast to be at a low of $8 and a high of $15.
CryoPort Inc (CYRX) estimates and forecasts
CryoPort Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -25.96 percent over the past six months and at a 29.79% annual growth rate that is well above the industry average of 5.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -45.48%.
CYRX Dividends
CryoPort Inc’s next quarterly earnings report is expected to be released in January.
CryoPort Inc (NASDAQ:CYRX)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.58% of CryoPort Inc shares, and 103.01% of them are in the hands of institutional investors. The stock currently has a share float of 105.74%. CryoPort Inc stock is held by 222.0 institutions, with BROWN CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 12.5378% of the shares, which is about 6.19 million shares worth $42.75 million.
MORGAN STANLEY, with 9.5133% or 4.69 million shares worth $32.44 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
