CryoPort (CYRX) Announces Earnings Results
CryoPort (NASDAQ:CYRX) announced its quarterly earnings data on Thursday. The consumer goods maker reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.02), Briefing.com reports. The business had revenue of $4.63 million during the quarter, compared to analysts’ expectations of $4.36 million. CryoPort had a negative return on equity of 48.12% and a negative net margin of 66.29%. The business’s revenue was up 58.6% compared to the same quarter last year.
Shares of NASDAQ CYRX traded down $0.81 during midday trading on Friday, hitting $15.26. The stock had a trading volume of 1,378,169 shares, compared to its average volume of 254,733. The company has a market cap of $426.76 million, a PE ratio of -44.88 and a beta of 0.85. CryoPort has a 52 week low of $6.02 and a 52 week high of $16.88.
CYRX has been the topic of a number of recent research reports. ValuEngine upgraded shares of CryoPort from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. BidaskClub upgraded shares of CryoPort from a “hold” rating to a “buy” rating in a report on Monday, May 14th. Roth Capital upped their price objective on shares of CryoPort from $12.50 to $22.00 and gave the stock a “buy” rating in a report on Friday, June 29th. Finally, Needham & Company LLC upped their price objective on shares of CryoPort from $11.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, July 2nd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $16.00.
CryoPort Company Profile
Cryoport, Inc provides cryogenic logistics solutions to the life sciences industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoportal, a cloud-based logistics management platform that supports the management of shipments, which includes order entry, document preparation, customs documentation, courier management, real-time shipment tracking, issue resolution, and regulatory compliance requirements; and CryoPort Express Shippers, a dry vapor cryogenic shipper that use liquid nitrogen contained inside a vacuum insulated vessel, which serves as a refrigerant to provide stable storage temperatures.
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