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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 $7.17, up 1.99% from the previous day, and has decreased 63.04% in one year. It has underperformed other stocks in the Integrated Freight & Logistics industry by 0.5 percentage points. Cryoport stock is currently +34.9% from its 52-week low of $5.32, and -64.34% from its 52-week high of $20.11.

As of Jul 12, 2024, there are 49.26M CYRX shares outstanding. The market capitalization of CYRX is $353.18M. In the last 24 hours, 1.45M CYRX shares were traded.

How to Buy Cryoport Stock

Not sure how to invest in Cryoport stock? Here's how.
  1. 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.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your brokerage account: Select your payment method and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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  1. Send your data by clicking the "Create Account" button.
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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.

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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 Price
$7.17
1w %
10.65%
1y %
-63.04%
5y %
-63.62%
P/E
-2.89x
P/B
0.75x
P/S
1.56x
PEG
N/A
Revenue
$225.03M
Earnings
-$120.91M
Fore. Rev. Growth
9.3%
Fore. Earn. Growth
N/A
Market Cap
$353.18M
Next Earnings
Aug 7, 2024
Next Dividend
N/A

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 0.75x, relative to Integrated Freight & Logistics industry P/B ratio of 4.17x

You can access additional valuation research on CYRX's stock here.

CYRX Financial Overview

Positive Financial Indicators:

  • CYRX has cash burn of 45242000. It has sufficient cash and short-term investments to cover this for at least one year.
  • CYRX has $450.22M in cash and short term investments. This is enough to cover its annual cash burn of $45.24M.
  • There are more short-term assets than long-term liabilities on the CYRX balance sheet.
  • There are more short-term assets than short-term liabilities on the CYRX balance sheet.

Negative Financial Indicators:

  • CYRX profit margin has gone down from -15.1% to -53.7% in the past year.
  • Total CYRX debt is higher than 5 years ago, relative to shareholder equity.
  • CYRX has a relatively high debt to equity ratio of 1.

Is it a good time to buy Cryoport stock, according to analysts?

Out of 5 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.

You can dive deeper into what analysts are forecasting on the Cryoport stock forecast page.

CYRX Technical Indicators

SMA10
6.43
SMA20
7.6
SMA50
10.53
SMA100
13.7
SMA200
13.74
MACD
-1.24
MACD Signal
-1.39
MACD Histogram
0.15
RSI
39.97
Stochastic %K
28.12
Stochastic %D
18.73
StochRSI %K
68.42
StochRSI %D
42.2

How are CYRX Revenues/Earnings doing?

Last year, CYRX revenue was $225.03M. During the past 5 year, CYRX's revenue has gone up by 58.84% per year. This was faster than the Integrated Freight & Logistics industry average of 6.79%.

Learn more about CYRX's earnings and revenue performance here.

Who is buying/selling CYRX?

In the past year, insiders at CYRX have bought more shares than they have sold.

Richard J. Berman, Director of CYRX, was the latest CYRX insider to sell. They sold $108,696.16 worth of CYRX shares on May 15, 2024.

Dig into more about who owns CYRX shares here.

Does CYRX provide a stable income stream?

No, Cryoport doesn't provide an income stream by paying out dividends.

What others are saying about CYRX

One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.

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Step 5: Execute your CYRX purchase

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a particular price limit, use a limit order.

Click the Open Trade button and eToro will place your order.

If you need additional help with buying stocks on eToro, click the helpful video below:

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Step 6: Get the latest news on your CYRX position

Now that you own some CYRX stock, you'll want to keep up with your new investment.

Put CYRX on a watchlist to see the latest developments about your CYRX stock.

CYRX Feed

How to Buy Stock in Cryoport

To reiterate, here are the 6 steps to buy stock in Cryoport:

  1. Figure out where to buy Cryoport stock
  2. Open your brokerage account
  3. Deposit funds into your brokerage account
  4. Research Cryoport stock
  5. Execute your CYRX purchase
  6. Get the latest news on your CYRX position

If you are looking for a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to track your new investment in Cryoport, click the button below.

NASDAQ: CYRX
$7.17+0.14 (+1.99%)
Updated Jul 12, 2024
Open eToro Account
NASDAQ: CYRX
$7.17+0.14 (+1.99%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Cryoport share?

As of Jul 12, 2024, it costs $7.17 to buy one share of Cryoport stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.418 shares of CYRX.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Cryoport stock?

According to 5 Wall Street analysts who monitor Cryoport, their consensus recommendation is to buy Cryoport stock.

What is the best way to buy Cryoport stock?

One way to place an order for Cryoport stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.