What Next for CryoPort Inc (CYRX) Stock After Achieving 52-Week High?

September 12, 2017 - By Marguerite Chambers

The stock of CryoPort Inc (NASDAQ:CYRX) hit a new 52-week high and has $9.92 target or 9.00 % above today’s $9.10 share price. The 9 months bullish chart indicates low risk for the $224.54 million company. The 1-year high was reported on Sep, 12 by Barchart.com. If the $9.92 price target is reached, the company will be worth $20.21M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 99,679 shares traded. CryoPort Inc (NASDAQ:CYRX) has risen 71.00% since September 12, 2016 and is uptrending. It has outperformed by 54.30% the S&P500.

CryoPort Inc (NASDAQ:CYRX) Ratings Coverage

Among 3 analysts covering CryoPort Inc (NASDAQ:CYRX), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CryoPort Inc had 4 analyst reports since June 1, 2017 according to SRatingsIntel. The stock of CryoPort Inc (NASDAQ:CYRX) has “Buy” rating given on Thursday, June 1 by Needham.

More news for CryoPort Inc (NASDAQ:CYRX) were recently published by: Prnewswire.com, which released: “Cryoport Continues to Strengthen Sales Team with Appointments of Colin Coffua …” on July 13, 2017. Marketwatch.com‘s article titled: “CryoPort’s stock tumbles on heavy volume after share offering prices at deep …” and published on March 28, 2017 is yet another important article.

Cryoport, Inc. is a provider of cryogenic logistics solutions to the life sciences industry through its purpose-built packaging, information technology and specialized cold chain logistics expertise. The company has market cap of $224.54 million. The Firm provides logistics solutions for biologic materials, such as immunotherapies, stem cells, chimeric antigen receptors (CAR)-T cells, and reproductive cells for clients. It currently has negative earnings. The Company’s Cryoport Express Solution includes a cloud logistics operating platform, which is branded as the Cryoportal.

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