NASDAQ:CRGX

CARGO Therapeutics (CRGX) Stock Price, News & Analysis

$18.68
+0.40 (+2.19%)
(As of 04/26/2024 ET)
Today's Range
$18.27
$18.86
50-Day Range
$18.28
$32.23
52-Week Range
$13.14
$33.92
Volume
89,542 shs
Average Volume
187,730 shs
Market Capitalization
$735.43 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.67

CARGO Therapeutics MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
58.8% Upside
$29.67 Price Target
Short Interest
Bearish
13.21% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($5.60) to ($5.65) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.45 out of 5 stars

Medical Sector

701st out of 914 stocks

Biological Products, Except Diagnostic Industry

120th out of 153 stocks

CRGX stock logo

About CARGO Therapeutics Stock (NASDAQ:CRGX)

CARGO Therapeutics, Inc., a clinical-stage biotechnology company, develops chimeric antigen receptor (CAR) T-cell therapies for cancer patients. The company's lead program is CRG-022, an autologous CD22 CAR T-cell product candidate designed to address resistance mechanisms by targeting CD22, an alternate tumor antigen that is expressed in B-cell malignancies. It also develops CRG-023, a tri-specific CAR T product candidate that targets tumor cells with three B-cell antigen targets. The company was formerly known as Syncopation Life Sciences, Inc. and changed its name to CARGO Therapeutics, Inc. in September 2022. CARGO Therapeutics, Inc. was incorporated in 2019 and is headquartered in San Mateo, California.

CRGX Stock Price History

CRGX Stock News Headlines

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CARGO Therapeutics Announces Scientific Advisory Board
See More Headlines
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Company Calendar

Last Earnings
3/21/2024
Today
4/28/2024
Next Earnings (Estimated)
6/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Biological products, except diagnostic
Sub-Industry
N/A
Current Symbol
NASDAQ:CRGX
Previous Symbol
NASDAQ:CRGX
Fax
N/A
Employees
116
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$29.67
High Stock Price Target
$34.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+58.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$9.84 per share

Miscellaneous

Free Float
N/A
Market Cap
$735.43 million
Optionable
N/A
Beta
N/A
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Key Executives

  • Ms. Gina Chapman (Age 56)
    President, CEO & Director
    Comp: $755.35k
  • Dr. Crystal L. Mackall M.D. (Age 63)
    Co-Founder
    Comp: $160k
  • Dr. Shishir Gadam Ph.D. (Age 57)
    Chief Technical Officer
    Comp: $674.03k
  • Dr. Robbie Majzner M.D.
    Founder & Chair of Scientific Advisory Board
  • Ms. Nancy Goodman J.D.
    Founder
  • Dr. Louai Labanieh
    Founder
  • Mr. Anup Radhakrishnan (Age 44)
    CFO, Secretary & Chief Business Officer
  • Dr. Corinne D. Epperly M.D. (Age 46)
    M.P.H., Chief Operating Officer
  • Mr. Faisal Shawwa M.B.A.
    Senior Vice President of Finance & Accounting
  • Dr. Michael Ports Ph.D. (Age 43)
    Chief Scientific Officer

CRGX Stock Analysis - Frequently Asked Questions

Should I buy or sell CARGO Therapeutics stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CARGO Therapeutics in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRGX shares.
View CRGX analyst ratings
or view top-rated stocks.

What is CARGO Therapeutics' stock price target for 2024?

4 equities research analysts have issued 1 year price objectives for CARGO Therapeutics' stock. Their CRGX share price targets range from $23.00 to $34.00. On average, they expect the company's share price to reach $29.67 in the next twelve months. This suggests a possible upside of 58.8% from the stock's current price.
View analysts price targets for CRGX
or view top-rated stocks among Wall Street analysts.

How have CRGX shares performed in 2024?

CARGO Therapeutics' stock was trading at $23.15 on January 1st, 2024. Since then, CRGX stock has decreased by 19.3% and is now trading at $18.68.
View the best growth stocks for 2024 here
.

Are investors shorting CARGO Therapeutics?

CARGO Therapeutics saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 3,400,000 shares, a decline of 5.3% from the March 31st total of 3,590,000 shares. Based on an average daily volume of 303,200 shares, the days-to-cover ratio is currently 11.2 days. Currently, 13.2% of the shares of the stock are short sold.
View CARGO Therapeutics' Short Interest
.

When is CARGO Therapeutics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 20th 2024.
View our CRGX earnings forecast
.

How were CARGO Therapeutics' earnings last quarter?

CARGO Therapeutics, Inc. (NASDAQ:CRGX) posted its quarterly earnings results on Thursday, March, 21st. The company reported ($1.49) EPS for the quarter, topping analysts' consensus estimates of ($1.62) by $0.13.

When did CARGO Therapeutics IPO?

CARGO Therapeutics (CRGX) raised $281 million in an initial public offering (IPO) on Friday, November 10th 2023. The company issued 18,750,000 shares at $15.00 per share.

When does the company's lock-up period expire?

CARGO Therapeutics' lock-up period expires on Wednesday, May 8th. CARGO Therapeutics had issued 18,750,000 shares in its IPO on November 10th. The total size of the offering was $281,250,000 based on an initial share price of $15.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

How do I buy shares of CARGO Therapeutics?

Shares of CRGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CRGX) was last updated on 4/28/2024 by MarketBeat.com Staff

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