The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The closing price of CARGO Therapeutics Inc (NASDAQ: CRGX) was $14.20 for the day, down -3.99% from the previous closing price of $14.79. In other words, the price has decreased by -$3.99 from its previous closing price. On the day, 0.17 million shares were traded. CRGX stock price reached its highest trading level at $14.76 during the session, while it also had its lowest trading level at $13.805.
Ratios:
Our analysis of CRGX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 18.95 and its Current Ratio is at 18.95. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.07.
On July 22, 2024, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $33.
On July 08, 2024, Chardan Capital Markets started tracking the stock assigning a Buy rating and target price of $28.Chardan Capital Markets initiated its Buy rating on July 08, 2024, with a $28 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 18 ’24 when Chapman Gina sold 7,166 shares for $25.09 per share. The transaction valued at 179,775 led to the insider holds 103,905 shares of the business.
Chapman Gina sold 2,975 shares of CRGX for $74,457 on Sep 19 ’24. The President & CEO now owns 103,905 shares after completing the transaction at $25.03 per share. On Sep 18 ’24, another insider, Radhakrishnan Anup, who serves as the Chief Financial Officer of the company, sold 1,600 shares for $25.28 each. As a result, the insider received 40,452 and left with 6,446 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRGX now has a Market Capitalization of 653593344 and an Enterprise Value of 277329728.
Stock Price History:
Over the past 52 weeks, CRGX has reached a high of $33.92, while it has fallen to a 52-week low of $12.17. The 50-Day Moving Average of the stock is -16.89%, while the 200-Day Moving Average is calculated to be -22.61%.
Shares Statistics:
CRGX traded an average of 224.20K shares per day over the past three months and 211080 shares per day over the past ten days. A total of 45.99M shares are outstanding, with a floating share count of 32.06M. Insiders hold about 30.34% of the company’s shares, while institutions hold 81.35% stake in the company. Shares short for CRGX as of 1734048000 were 6048467 with a Short Ratio of 26.98, compared to 1731628800 on 5664626. Therefore, it implies a Short% of Shares Outstanding of 6048467 and a Short% of Float of 15.229999999999999.
