How to Buy Cryoport Stock
Cryoport Inc
Cryoport, Inc. , a life sciences services company, provides temperature-controlled logistics solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Cryoport stock last closed at $13.53, down 0.51% from the previous day, and has decreased 50.26% in one year. It has underperformed other stocks in the Integrated Freight & Logistics industry by 0.6 percentage points. Cryoport stock is currently +9.91% from its 52-week low of $12.31, and -54.87% from its 52-week high of $29.98.
As of Sep 22, 2023, there are 48.88M CYRX shares outstanding. The market capitalization of CYRX is $661.33M. In the last 24 hours, 320,123 CYRX shares were traded.
How to Buy Cryoport Stock
Not sure how to invest in Cryoport stock? Here's how.
- Figure out where to buy Cryoport stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you determine where to buy Cryoport stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Select your payment method and add your details.
- Research Cryoport stock: The Cryoport ticker symbol is CYRX. Is Cryoport stock a good investment? Should you buy shares of CYRX? How do CYRX's underlying business fundamentals look? Do top analysts think Cryoport is a good buy? Why has CYRX's stock price moved recently? (Hint: Our stock research website can help you decide if CYRX is a good stock to buy).
- Execute your CYRX purchase: Decide if you will purchase CYRX shares at the current market price or use a limit order to buy CYRX stock at a given price.
- Get the latest news on your CYRX position: Create a watchlist to the latest updates on your investment in Cryoport stock.
Step 1: Figure out where to buy Cryoport stock
You need an online brokerage account to access the NASDAQ market and buy CYRX shares.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal info so you can invest in CYRX today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Enter your personal info to start your new trading account.
- Send your data by clicking the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on a good stock buying app, you need to deposit funds:
Watch the walkthrough below if you need help depositing funds into your new investment account.
Step 4: Research Cryoport stock
After you have chosen the best place to buy Cryoport stock, it's crucial to analyze their stock prior to buying, so you actually comprehend the risk as well as the opportunity.
Cryoport quick stats
CYRX Overview
WallStreetZen was designed to help average investors perform better fundamental analysis quickly.
You can see all of the due diligence checks on CYRX's stock page.
What is the fair value of CYRX stock?
Analysts use many financial metrics, analyses, models, and charts to gauge CYRX's intrinsic value.
Using relative valuations methods:
- CYRX could be undervalued based on its P/B ratio of 1.22x, relative to Integrated Freight & Logistics industry P/B ratio of 4.11x
You can access additional valuation research on CYRX's stock here.
CYRX Financial Overview
Positive Financial Indicators:
- CYRX has $505.88M in cash and short term investments. This is enough to cover its annual cash burn of $31.38M.
- CYRX profit margin has gone up from -129.4% to -19.4% in the past year.
- There are more short-term assets than short-term liabilities on the CYRX balance sheet.
- There are more short-term assets than long-term liabilities on the CYRX balance sheet.
- CYRX has cash burn of 31380000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- CYRX has a relatively high debt to equity ratio of 0.89.
- Total CYRX debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Cryoport stock, according to analysts?
Out of 7 Equities analysts who research CYRX, the consensus analyst rating on CYRX is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent CYRX Analyst Recommendations
Tejas Savant, a bottom 3% analyst from Morgan Stanley initiates coverage on CYRX with a hold rating and announces their CYRX price target of $16.00, on Aug 17, 2023.
David Saxon, a bottom 11% analyst from Needham maintains CYRX with a buy rating and lowers their CYRX price target from $30.00 to $21.00, on Aug 10, 2023.
John Sourbeer, a bottom 14% analyst from UBS downgrades CYRX to a hold rating and lowers their CYRX price target from $28.00 to $17.00, on Jul 18, 2023.
Jacob Johnson, a bottom 10% analyst from Stephens & Co. downgrades CYRX to a hold rating and lowers their CYRX price target from $26.00 to $15.00, on Jul 17, 2023.
Richard Baldry, a bottom 12% analyst from Roth MKM maintains CYRX with a strong buy rating and lowers their CYRX price target from $40.00 to $25.00, on Jul 13, 2023.
You can dig deeper into what analysts are projecting on the Cryoport stock forecast page.
CYRX Trading Indicators
How are CYRX Revenues/Earnings doing?
Last year, CYRX revenue was $240.66M. In the last 5 year, CYRX's revenue has grown by 74.26% per year. This was faster than the Integrated Freight & Logistics industry average of 8.18%.
You can research CYRX's earnings and revenue performance here.
Are CYRX executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at CYRX have bought more shares than they have sold.
Mark W. Sawicki, Chief Scientific Officer of CYRX, was the latest CYRX insider to buy. They bought $12,790.00 worth of CYRX stock on Sep 12, 2023.
Research more about who owns CYRX stock here.
Does CYRX stock generate passive income?
No, Cryoport doesn't provide an income stream by paying out dividends.
CYRX Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your CYRX purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, use a limit order.
Press the Open button and your broker will execute the order.
If you want more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your CYRX position
Now that you own some CYRX shares, you'll want to stay up-to-date on your investment.
Make a watchlist to get notified of important updates regarding your CYRX stock.
CYRX Feed
How to Buy Stock in Cryoport
To reiterate, here are the 6 steps you need to take to buy Cryoport stock right now:
- Figure out where to buy Cryoport stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Research Cryoport stock
- Execute your CYRX purchase
- Get the latest news on your CYRX position
If you need a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your investment in Cryoport, create a watchlist on WallStreetZen today.
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