CryoPort Inc (CYRX) Hit 52-Week High

September 17, 2017 - By Vivian Currie

The stock of CryoPort Inc (NASDAQ:CYRX) hit a new 52-week high and has $9.62 target or 4.00 % above today’s $9.25 share price. The 8 months bullish chart indicates low risk for the $228.24 million company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $9.62 price target is reached, the company will be worth $9.13 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.65% or $0.15 on September 15, reaching $9.25. About 536,402 shares traded or 82.95% up from the average. CryoPort Inc (NASDAQ:CYRX) has risen 71.00% since September 17, 2016 and is uptrending. It has outperformed by 54.30% the S&P500.

Analysts await CryoPort Inc (NASDAQ:CYRX) to report earnings on November, 13. They expect $-0.08 earnings per share, up 42.86 % or $0.06 from last year’s $-0.14 per share. After $-0.08 actual earnings per share reported by CryoPort Inc for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

CryoPort Inc (NASDAQ:CYRX) Ratings Coverage

Among 3 analysts covering CryoPort Inc (NASDAQ:CYRX), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CryoPort Inc has $8 highest and $4.5000 lowest target. $6’s average target is -35.14% below currents $9.25 stock price. CryoPort Inc had 4 analyst reports since June 1, 2017 according to SRatingsIntel. The stock has “Buy” rating by Needham on Thursday, June 1.

More important recent CryoPort Inc (NASDAQ:CYRX) news were published by: Prnewswire.com which released: “Cryoport and Database Integrations Launch Integrated Solution to Manage …” on September 22, 2016, also Marketwatch.com published article titled: “CryoPort’s stock tumbles on heavy volume after share offering prices at deep …”, Prnewswire.com published: “Cryoport Launches the “CoBRA Index” for a Comprehensive Measure of Activity in …” on February 28, 2017. More interesting news about CryoPort Inc (NASDAQ:CYRX) was released by: Seekingalpha.com and their article: “A Shareholder’s Concern With Cryoport’s Corporate Governance” with publication date: November 09, 2016.

Cryoport, Inc. is a provider of cryogenic logistics solutions to the life sciences industry through its purpose-built packaging, information technology and specialized cold chain logistics expertise. The company has market cap of $228.24 million. The Firm provides logistics solutions for biologic materials, such as immunotherapies, stem cells, chimeric antigen receptors (CAR)-T cells, and reproductive cells for clients. It currently has negative earnings. The Company’s Cryoport Express Solution includes a cloud logistics operating platform, which is branded as the Cryoportal.

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