Cryoport - CYRX Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cryoport in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CYRX shares.
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5 analysts have issued 1 year price targets for Cryoport's stock. Their CYRX share price forecasts range from $28.00 to $67.00. On average, they expect the company's share price to reach $40.50 in the next year. This suggests a possible upside of 131.4% from the stock's current price.
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Cryoport's stock was trading at $59.17 at the beginning of 2022. Since then, CYRX shares have decreased by 70.4% and is now trading at $17.50.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Cryoport, Inc. (NASDAQ:CYRX) released its earnings results on Thursday, November, 4th. The consumer goods maker reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.03. The consumer goods maker earned $56.69 million during the quarter, compared to analysts' expectations of $54.44 million. Cryoport had a negative trailing twelve-month return on equity of 14.84% and a negative net margin of 123.41%. The company's revenue was up 407.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.29) earnings per share.

Cryoport updated its FY 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $232.00 million-$238.00 million, compared to the consensus revenue estimate of $260.68 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."

Cryoport's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.15%), Fred Alger Management LLC (6.24%), BlackRock Inc. (5.95%), Impax Asset Management Group plc (3.49%), Chevy Chase Trust Holdings LLC (3.46%) and Macquarie Group Ltd. (2.83%). Insiders that own company stock include Daniel M Hancock, Daniel M Hancock, Edward J Zecchini, Freeze Parent LP Blackstone, Jerrell Shelton, Mark W Sawicki, Michael R Egeck, Richard J Berman, Robert J Hariri and Robert Stefanovich.
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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 $17.50.

Cryoport (NASDAQ:CYRX) has a market capitalization of $857.50 million 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 ($6.15) 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.