Cryoport - CYRX Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cryoport in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CYRX shares.
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6 brokerages have issued twelve-month target prices for Cryoport's stock. Their CYRX share price forecasts range from $42.00 to $92.00. On average, they expect the company's stock price to reach $61.33 in the next twelve months. This suggests a possible upside of 147.5% from the stock's current price.
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Cryoport's stock was trading at $59.17 at the beginning of the year. Since then, CYRX shares have decreased by 58.1% and is now trading at $24.78.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CYRX earnings forecast.

Cryoport, Inc. (NASDAQ:CYRX) released its quarterly earnings data on Thursday, August, 4th. The consumer goods maker reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.08. The consumer goods maker earned $64.20 million during the quarter, compared to analyst estimates of $64.58 million. Cryoport had a negative trailing twelve-month return on equity of 14.43% and a negative net margin of 125.96%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) earnings per share.

Cryoport updated its FY 2022 earnings guidance on Thursday, September, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $260.00 million-$265.00 million, compared to the consensus revenue estimate of $260.62 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cryoport investors own include Gilead Sciences (GILD), Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), Taiwan Semiconductor Manufacturing (TSM), Amarin (AMRN), QUALCOMM (QCOM), Enterprise Products Partners (EPD), Pfizer (PFE) and Block (SQ).

Cryoport trades on the NASDAQ under the ticker symbol "CYRX."

Shares of CYRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CYRX stock can currently be purchased for approximately $24.78.

Cryoport (NASDAQ:CYRX) has a market capitalization of $1.20 billion and generates $222.61 million in revenue each year. The consumer goods maker earns $-275,530,000.00 in net income (profit) each year or ($6.18) on an earnings per share basis.

The company employs 791 workers across the globe.

Cryoport's mailing address is 112 Westwood Place Suite 350, Brentwood TN, 37027. The official website for the company is www.cryoport.com. The consumer goods maker can be reached via phone at (949) 470-2300, via email at tfromer@kcsa.com, or via fax at 949-470-2306.