CARGO Therapeutics Inc (NASDAQ: CRGX) is -74.20% lower on its value in year-to-date trading and has touched a low of $3.00 and a high of $33.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRGX stock was last observed hovering at around $3.70 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $3.72, the stock is -65.16% and -72.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 0.54% at the moment leaves the stock -78.57% off its SMA200. CRGX registered -84.17% loss for a year compared to 6-month gain of -74.73%. The firm has a 50-day simple moving average (SMA 50) of $13.9109 and a 200-day simple moving average (SMA200) of $17.434175.
The stock witnessed a -75.40% loss in the last 1 month and extending the period to 3 months gives it a -81.74%, and is -71.80% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.70% over the week and 9.75% over the month.
Distance from 52-week low is 24.00% and -89.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.90%).
The EPS is expected to grow by 77.79% this year
The shares outstanding are 45.99M, and float is at 32.06M with Short Float at 22.49%.
The top institutional shareholder in the company is FMR LLC with over 6.88 million shares valued at $112.92 million. The investor’s holdings represent 15.8659 of the CRGX Shares outstanding. As of 2024-06-30, the second largest holder is SAMSARA BIOCAPITAL, LLC with 4.42 million shares valued at $72.51 million to account for 10.1875 of the shares outstanding. The other top investors are RTW INVESTMENTS, LP which holds 4.08 million shares representing 9.4087 and valued at over $66.96 million, while PERCEPTIVE ADVISORS LLC holds 8.4971 of the shares totaling 3.68 million with a market value of $60.47 million.
CARGO Therapeutics Inc (CRGX) Insider Activity
The most recent transaction is an insider sale by Chapman Gina, the company’s President & CEO. SEC filings show that Chapman Gina sold 7,166 shares of the company’s common stock on Sep 18 ’24 at a price of $25.09 per share for a total of $0.18 million. Following the sale, the insider now owns 0.1 million shares.
CARGO Therapeutics Inc disclosed in a document filed with the SEC on Sep 19 ’24 that Chapman Gina (President & CEO) sold a total of 2,975 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $25.03 per share for $74457.0. Following the transaction, the insider now directly holds 0.1 million shares of the CRGX stock.
Still, SEC filings show that on Sep 18 ’24, Radhakrishnan Anup (Chief Financial Officer) disposed off 1,600 shares at an average price of $25.28 for $40452.0. The insider now directly holds 6,446 shares of CARGO Therapeutics Inc (CRGX).
