Cryoport Inc (NASDAQ: CYRX) has reported E.P.S. of $-0.43 for its first fiscal quarter (ending March 31) versus $-0.16 for the same period a year ago. Relative to the consensus estimate of $-0.31, this was a shortfall of $-0.12. For the latest four quarters through March 31, E.P.S. were $-2.47 compared to $-0.78 a year ago.
Recent Price Action
Cryoport Inc (NASDAQ: CYRX) stock closed at $16.40 on 5/7/24 after a large increase of 2.5%. Moreover, this advance was accompanied by above average trading volume at 125% of normal. The stock has declined -2.4% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to fall short of the cost of capital, CYRX is expected to continue to be a modest Value Eraser.
Cryoport has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Cryoport has a very low Appreciation Score of 14 but a good Power Rating of 74, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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