Several other equities analysts have also issued reports on the stock. Needham & Company LLC initiated coverage on shares of CryoPort in a report on Monday, July 1st. They issued a buy rating and a $22.00 target price on the stock. Leerink Swann started coverage on shares of CryoPort in a research report on Monday, July 15th. They set a buy rating and a $24.00 target price for the company. B. Riley set a $26.00 price objective on shares of CryoPort and gave the stock a buy rating in a research report on Friday, July 19th. Finally, Svb Leerink reissued an outperform rating on shares of CryoPort in a research report on Monday, July 15th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $24.00.
NASDAQ:CYRX traded up $1.00 during mid-day trading on Thursday, hitting $24.75. The stock had a trading volume of 9,676 shares, compared to its average volume of 405,037. The company’s 50 day simple moving average is $20.09 and its 200 day simple moving average is $15.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 11.52 and a current ratio of 17.73. The stock has a market cap of $858.14 million, a price-to-earnings ratio of -79.48 and a beta of 0.82. CryoPort has a twelve month low of $8.28 and a twelve month high of $24.67.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Investments LLC purchased a new stake in CryoPort in the 2nd quarter worth approximately $404,000. BNP Paribas Arbitrage SA purchased a new stake in CryoPort in the 1st quarter worth approximately $74,000. Metropolitan Life Insurance Co. NY lifted its stake in CryoPort by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,607 shares of the consumer goods maker’s stock worth $95,000 after purchasing an additional 6,722 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in CryoPort in the 2nd quarter worth approximately $183,000. Finally, SG Americas Securities LLC purchased a new stake in CryoPort in the 2nd quarter worth approximately $249,000. Institutional investors and hedge funds own 53.30% of the company’s stock.
CryoPort, Inc engages in the provision of logistics solutions to the life science industry. It also provides logistics solutions for biologic materials such as immunotherapies, stem cells, CAR-T cells, and reproductive cells for clients worldwide, including points-of-care, clinical research organizations central laboratories, biopharmaceuticals, contract manufacturing, health centers, and university researchers.
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