Cryoport Inc (NASDAQ: CYRX) has reported a loss for its fourth fiscal quarter (ending December 31) of $-1.31 versus a loss $-0.24 for the same period a year ago. This result fell short of the consensus estimate of $-0.30 by $-1.01. For the latest four quarters through December 31, E.P.S. were $-2.21 versus $-0.93 for the same period a year ago.
Recent Price Action
Cryoport Inc (NASDAQ: CYRX) stock declined slightly by -0.5% on 3/12/24. The stock closed at $16.30. Moreover, this decline was accompanied by unusually high trading volume at 182% of normal. The stock has performed in line with the market over the last nine months and has declined -6.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below 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 consistent signals. Cryoport has a slightly negative Appreciation Score of 40 and a neutral Power Rating of 53, and the Low Neutral Value Trend Rating results.
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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