CARGO Therapeutics Inc (NASDAQ:CRGX) price on current trading day, fall -1.81% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.07.
A look at the stock’s price movement, the level at last check in today’s session was $4.15, moving within a range at $3.9301 and $4.2. Turning to its 52-week performance, $28.13 and $3.00 were the 52-week high and 52-week low respectively. Overall, CRGX moved 5.30% over the past month.
CARGO Therapeutics Inc’s market cap currently stands at around $187.67 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-11.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CRGX is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend CRGX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CRGX’s current price about 3.80% and -37.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.56, while 7-day volatility ratio is 7.14% and 6.31% in the 30-day chart. Further, CARGO Therapeutics Inc (CRGX) has a beta value of 0.69, and an average true range (ATR) of 0.41. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $7. Looking at the price targets, the low is -71.99% off recent price level in today’s trading while to achieve the yearly target high, it has to move -71.99%. Nonetheless, investors will most likely welcome a -71.99% jump to $7 which is the analysts’ median price.
If we refocus on CARGO Therapeutics Inc (NASDAQ:CRGX), historical trading data shows that trading volumes averaged 0.98 over the past 10 days and 1.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 45.99 million shares.
The 34.45% of CARGO Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 89.07% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.39 million on 2025-02-28, giving us a short ratio of 1.69. The data shows that as of 2025-02-28 short interest in CARGO Therapeutics Inc (CRGX) stood at 854.0000000000001 of shares outstanding, with shares short falling to 4.31 million registered in 2025-01-31. Current price change has pushed the stock -71.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CRGX stock continues to rise going into the next quarter.
