Cryoport Inc (NASDAQ: CYRX) stock closed at $7.91 on 6/24/24 after a major decline of -18.5%. Moreover, trading volume in this decline was exceptionally high at 289% of normal. The stock has declined -23.5% during the last week and has performed in line with 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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cryoport has a slightly negative Power Rating of 37 and a poor Appreciation Score of 29, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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