In last trading session, CARGO Therapeutics Inc (NASDAQ:CRGX) saw 1.45 million shares changing hands with its beta currently measuring 2.43. Company’s recent per share price level of $13.19 trading at -$0.46 or -3.37% at ring of the bell on the day assigns it a market valuation of $607.11M. That closing price of CRGX’s stock is at a discount of -157.16% from its 52-week high price of $33.92 and is indicating a premium of 17.29% from its 52-week low price of $10.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.22 million shares which gives us an average trading volume of 239.66K if we extend that period to 3-months.
For CARGO Therapeutics Inc (CRGX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.95 in the current quarter.
CARGO Therapeutics Inc (NASDAQ:CRGX) trade information
Upright in the red during last session for losing -3.37%, in the last five days CRGX remained trading in the green while hitting it’s week-highest on Tuesday, 01/28/25 when the stock touched $13.19 price level, adding 10.15% to its value on the day. CARGO Therapeutics Inc’s shares saw a change of -8.53% in year-to-date performance and have moved 3.69% in past 5-day. CARGO Therapeutics Inc (NASDAQ:CRGX) showed a performance of -11.42% in past 30-days. Number of shares sold short was 7.21 million shares which calculate 23.98 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 34 to the stock, which implies a rise of 61.21% to its current value. Analysts have been projecting 34 as a low price target for the stock while placing it at a high target of 34. It follows that stock’s current price would drop -157.77% in reaching the projected high whereas dropping to the targeted low would mean a loss of -157.77% for stock’s current value.
CARGO Therapeutics Inc (CRGX) estimates and forecasts
Statistics highlight that CARGO Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -22.37% of value to its shares in past 6 months, showing an annual growth rate of 77.43% while that of industry is 16.20. Apart from that, the company came raising its revenue forecast for fiscal year 2025.
CARGO Therapeutics Inc (NASDAQ:CRGX)’s Major holders
FMR LLC is the top institutional holder at CRGX for having 6.88 million shares of worth $112.92 million. And as of 2024-06-30, it was holding 15.8659 of the company’s outstanding shares.
The second largest institutional holder is SAMSARA BIOCAPITAL, LLC, which was holding about 4.42 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.1875 of outstanding shares, having a total worth of $72.51 million.
On the other hand, Price (T.Rowe) Health Sciences Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.3 shares of worth $17.13 million or 2.82% of the total outstanding shares. The later fund manager was in possession of 1.2 shares on Sep 30, 2024 , making its stake of worth around $15.83 million in the company or a holder of 2.61% of company’s stock.
