CARGO Therapeutics Inc (NASDAQ:CRGX) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $4.64.
Actively observing the price movement in the last trading, the stock closed the session at $4.64, falling within a range of $4.54 and $4.72. Referring to stock’s 52-week performance, its high was $25.45, and the low was $3.00. On the whole, CRGX has fluctuated by 11.81% over the past month.
With the market capitalization of CARGO Therapeutics Inc currently standing at about $213.68 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-11.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRGX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CRGX currently trading nearly 10.41% and 16.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.09, while the 7-day volatility ratio is showing 5.30% which for the 30-day chart, stands at 5.79%. Furthermore, CARGO Therapeutics Inc (CRGX)’s beta value is -0.02, and its average true range (ATR) is 0.28.
A comparison of CARGO Therapeutics Inc (CRGX) with its peers suggests the former has fared considerably weaker in the market. CRGX showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -76.80%%.
Data on historical trading for CARGO Therapeutics Inc (NASDAQ:CRGX) indicates that the trading volumes over the past 10 days have averaged 0.77 and over the past 3 months, they’ve averaged 1.18 million. According to company’s latest data on outstanding shares, there are 46.04 million shares outstanding.
Nearly 35.28% of CARGO Therapeutics Inc’s shares belong to company insiders and institutional investors own 89.07% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.52 million shares as on 2025-03-31, resulting in a short ratio of 4.55. According to the data, the short interest in CARGO Therapeutics Inc (CRGX) stood at 886.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 3.39 million. The stock has fallen by -67.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRGX stock heading into the next quarter.
