On 3/13/24, Cryoport Inc (NASDAQ: CYRX) stock suffered a major decline of -11.9%, closing at $14.36. Moreover, exceptionally high trading volume at 295% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -14.8% during the last week.
Current PriceTarget Research Rating
CYRX’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
Cryoport has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cryoport has a slightly negative Appreciation Score of 40 and a neutral Power Rating of 53, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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