CryoPort Inc (NASDAQ: CYRX) stock jumped 1.87% on Friday to $13.62 against a previous-day closing price of $13.37. With 0.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.69 million shares. During the session, the Integrated Freight & Logistics company that operates in wider Industrials sector, reached to the highest price of $13.64 whereas the lowest price it dropped to was $13.04. The 52-week range on CYRX shows that it touched its highest point at $26.01 and its lowest point at $9.00 during that stretch. It currently has a 1-year price target of $17.17. Beta for the stock currently stands at 1.37.
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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 up-trending over the past week, with a rise of 18.33%, but this was up by 16.91% over a month. Three-month performance dropped to -4.69% while six-month performance fell -32.41%. The stock lost -32.44% in the past year, while it has lost -21.50% so far this year. A look at the trailing 12-month EPS for CYRX yields -1.12 with Next year EPS estimates of -1.01. For the next quarter, that number is -0.31. This implies an EPS growth rate of -26.38% for this year and 13.77% for next year.
Float and Shares Shorts:
At present, 48.33 million CYRX shares are outstanding with a float of 47.44 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.95 million, which was 8.09% higher than short shares on Sep 28, 2023. In addition to Mr. Jerrell W. Shelton as the firm’s Chairman, President & CEO, Mr. Robert S. Stefanovich MS serves as its Senior VP, CFO & Treasurer.
Institutional Ownership:
Through their ownership of 101.64% of CYRX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 56.59% of CYRX, in contrast to 38.66% held by mutual funds. Shares owned by individuals account for 3.47%. As the largest shareholder in CYRX with 16.19% of the stake, Brown Capital Management LLC holds 7,914,777 shares worth 7,914,777. A second-largest stockholder of CYRX, The Vanguard Group, Inc., holds 3,446,664 shares, controlling over 7.05% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in CYRX, holding 2,729,405 shares or 5.58% stake. With a 9.12% stake in CYRX, the Brown Capital Management – Small is the largest stakeholder. A total of 4,458,764 shares are owned by the mutual fund manager. The Alger Funds – Small Cap Focus Fun, which owns about 3.95% of CYRX stock, is the second-largest Mutual Fund holder. It holds 1,929,436 shares valued at 18.72 million. Vanguard Total Stock Market ETF holds 2.97% of the stake in CYRX, owning 1,449,481 shares worth 14.06 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CYRX since 0 analysts follow the stock currently. 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 $22.00 and a low target of $13.50, the average target price over the next 12 months is $17.17. Based on these targets, CYRX could surge 61.53% to reach the target high and fall by -0.88% to reach the target low. Reaching the average price target will result in a growth of 26.06% from current levels.
Summary of Insider Activity:
Insiders traded CYRX stock several times over the past three months with 3 Buys and 2 Sells. In these transactions, 71,000 shares were bought while 28,375 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 488,622 while 215,368 shares were sold.
