Cryoport Inc. (CYRX) rating initates by Morgan Stanley


Cryoport Inc.’s filing revealed that its insider SHELTON JERRELL unloaded Company’s shares for reported $0.38 million on Sep 01. In the deal valued at $14.27 per share,26,875 shares were sold. As a result of this transaction, SHELTON JERRELL now holds 632,424 shares worth roughly $ 8.77 million.

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Then, BERMAN RICHARD J sold 7,203 shares, generating $154,906 in total proceeds. Upon selling the shares at $21.51, the Director now owns 100,000 shares.

Before that, SHELTON JERRELL sold 141,159 shares. Cryoport Inc. shares valued at $3,053,509 were divested by the President, CEO at a price of $21.63 per share. As a result of the transaction, SHELTON JERRELL now holds 605,299 shares, worth roughly $8.4 million.

Morgan Stanley initiated its Cryoport Inc. [CYRX] rating to an Equal-weight in a research note published on Tuesday, August 17, 2023; the price target was $16. PT values the company’s stock at a premium of 13.31 to its Tuesday closing price.

Price Performance Review of CYRX

On Tuesday, Cryoport Inc. [NASDAQ:CYRX] saw its stock fall -2.26% to $13.87. On the same session, the stock had its day’s lowest price of $13.82, but rose to a high of $14.25. Over the last five days, the stock has lost -1.14%. Cryoport Inc. shares have fallen nearly -20.06% since the year began. Nevertheless, the stocks have fallen -56.99% over the past one year. While a 52-week high of $34.94 was reached on 02/03/23, a 52-week low of $12.39 was recorded on 08/10/23. SMA at 50 days reached $15.33, while 200 days put it at $19.27. A total of 0.66 million shares were traded, compared to the trading of 0.66 million shares in the previous session.

Levels Of Support And Resistance For CYRX Stock

The 24-hour chart illustrates a support level at 13.71, which if violated will result in even more drops to 13.55. On the upside, there is a resistance level at 14.14. A further resistance level may holdings at 14.41. The Relative Strength Index (RSI) on the 14-day chart is 42.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.60%. Stochastics %K at 58.51% indicates the stock is a holding.

How much short interest is there in Cryoport Inc.?

A steep rise in short interest was recorded in Cryoport Inc. stocks on Aug 14, 2023, dropping by -1.61 million shares to a total of 3.65 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.26 million shares. There was a decline of -44.11%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.99% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.68.

Cryoport Inc. [CYRX] – Who Are The Largest Shareholders?

In filings from Brown Capital Management LLC, it is revealed that the company now owns 7,703,852 shares, or roughly 16.92% of the outstanding CYRX shares. In other words, the investor’s shares have risen by 214,763 from its previous 13-F filing of 7489089.0. Additionally, The Vanguard Group, Inc. decreased -3.26% of its stake after which the total value it holdings stand at $54,068,077, while BlackRock Fund Advisors added 2.71% of its stake to hold $45.54 million in the firm. Over the last quarter, Impax Asset Management Ltd. purchased 76,349 shares of Cryoport Inc., while Fred Alger Management LLC bought -16,286 shares. At present, Macquarie Investment Management B is holding 1,465,572 shares valued at $23.55 million. New York State Common Retirement owned 1,327,599 shares of the company at the time of its most recent 13F filing, worth $21.33 million.

According to FactSet, Cryoport Inc.’s share price will average $19.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.8 percent from its previous closing price of $14.19. Analysts expect Cryoport Inc. stock to reach the higher price of $28.00, while the lowest price estimate is $15.00. However, 10 analysts have rated CYRX stock as an Overweight in their predictions for 2023.


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