Cryoport Inc (NASDAQ: CYRX) stock suffered a major decline of -11.7% on 10/8/24. The shares closed at $6.95. Trading volume in this decline was normal. The stock has been extremely weak relative to the market over the last nine months and has declined -14.2% during the last week.
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 inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cryoport has a neutral Appreciation Score of 43 but a poor Power Rating of 27, leading to 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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