Stocks of Cryoport Inc. (CYRX) are poised to climb above their peers

Cryoport Inc. (NASDAQ: CYRX) stock jumped 6.45% on Wednesday to $18.97 against a previous-day closing price of $17.82. With 0.37 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.57 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $19.24 whereas the lowest price it dropped to was $17.44. The 52-week range on CYRX shows that it touched its highest point at $70.90 and its lowest point at $15.79 during that stretch. It currently has a 1-year price target of $31.44. Beta for the stock currently stands at 1.28.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CYRX was down-trending over the past week, with a drop of -5.90%, but this was down by -27.93% over a month. Three-month performance dropped to -52.47% while six-month performance fell -14.43%. The stock lost -72.21% in the past year, while it has lost -67.94% so far this year. A look at the trailing 12-month EPS for CYRX yields -6.14 with Next year EPS estimates of -0.51. For the next quarter, that number is -0.20. This implies an EPS growth rate of -217.70% for this year and 41.40% for next year.

Float and Shares Shorts:

At present, 48.52 million CYRX shares are outstanding with a float of 48.08 million shares on hand for trading. On Oct 13, 2022, short shares totaled 3.4 million, which was 7.01% higher than short shares on Sep 14, 2022. In addition to Mr. Jerrell W. Shelton as the firm’s Chairman, Pres & CEO, Mr. Robert S. Stefanovich serves as its Sr. VP, CFO, Treasurer & Corp. Sec..

Institutional Ownership:

Through their ownership of 99.76% of CYRX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.41% of CYRX, in contrast to 41.33% held by mutual funds. Shares owned by individuals account for 2.89%. As the largest shareholder in CYRX with 12.05% of the stake, Brown Capital Management LLC holds 5,905,250 shares worth 5,905,250. A second-largest stockholder of CYRX, The Vanguard Group, Inc., holds 3,391,995 shares, controlling over 6.92% of the firm’s shares. Fred Alger Management LLC is the third largest shareholder in CYRX, holding 3,059,493 shares or 6.24% stake. With a 5.08% stake in CYRX, the Alger Funds – Small Cap Focus Fun is the largest stakeholder. A total of 2,487,764 shares are owned by the mutual fund manager. The Brown Capital Management – Small, which owns about 4.78% of CYRX stock, is the second-largest Mutual Fund holder. It holds 2,343,615 shares valued at 65.06 million. Vanguard Total Stock Market Index holds 2.85% of the stake in CYRX, owning 1,396,316 shares worth 38.76 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CYRX since 9 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CYRX analysts setting a high price target of $40.00 and a low target of $22.00, the average target price over the next 12 months is $31.44. Based on these targets, CYRX could surge 110.86% to reach the target high and rise by 15.97% to reach the target low. Reaching the average price target will result in a growth of 65.74% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CYRX will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of -$0.79 being high and -$0.95 being low. For CYRX, this leads to a yearly average estimate of -$0.88. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Cryoport Inc. surprised analysts by -$0.01 when it reported -$0.15 EPS against a consensus estimate of -$0.14. The surprise factor in the prior quarter was -$0.08. Based on analyst estimates, the high estimate for the next quarter is -$0.14 and the low estimate is -$0.26. The average estimate for the next quarter is thus -$0.21.

Summary of Insider Activity:

Insiders traded CYRX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 240,225 while 240,761 shares were sold.

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