CryoPort, Inc. (CYRX) Posts Earnings Results, Beats Expectations By $0.01 EPS
CryoPort, Inc. (NASDAQ:CYRX) announced its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.01, Morningstar.com reports. The business had revenue of $2.92 million during the quarter, compared to the consensus estimate of $2.84 million. CryoPort had a negative net margin of 137.99% and a negative return on equity of 104.79%.
Shares of CryoPort (NASDAQ:CYRX) traded up 3.17% during mid-day trading on Wednesday, hitting $6.83. 298,458 shares of the stock were exchanged. The stock’s market cap is $163.75 million. The company has a 50-day moving average of $5.51 and a 200 day moving average of $3.73. CryoPort has a one year low of $1.80 and a one year high of $7.18.
A number of analysts have recently issued reports on the stock. Cowen and Company raised their price target on shares of CryoPort from $5.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday. Janney Montgomery Scott raised their price target on shares of CryoPort from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday. Needham & Company LLC raised their price target on shares of CryoPort from $3.50 to $4.50 and gave the stock a “buy” rating in a report on Thursday, June 1st. Finally, ValuEngine upgraded shares of CryoPort from a “sell” rating to a “hold” rating in a report on Thursday, May 11th.
CryoPort Company Profile
Cryoport, Inc (Cryoport) 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 provides logistics solutions for biologic materials, such as immunotherapies, stem cells, chimeric antigen receptors (CAR)-T cells, and reproductive cells for clients.
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