CARGO Therapeutics Inc [NASDAQ: CRGX] jumped around 0.35 points on Wednesday, while shares priced at $4.15 at the close of the session, up 9.21%.
Compared to the average trading volume of 1.02M shares, CRGX reached a trading volume of 4278296 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about CARGO Therapeutics Inc [CRGX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRGX shares is $8.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRGX stock is a recommendation set at 3.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
William Blair have made an estimate for CARGO Therapeutics Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 30, 2025. While these analysts kept the previous recommendation, Truist raised their target price from $32 to $7. The new note on the price target was released on January 30, 2025, representing the official price target for CARGO Therapeutics Inc stock. Previously, the target price had yet another drop from $34 to $4, while Piper Sandler kept a Neutral rating on CRGX stock.
The Average True Range (ATR) for CARGO Therapeutics Inc is set at 0.42 The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 8.79.
How has CRGX stock performed recently?
CARGO Therapeutics Inc [CRGX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, CRGX shares gained by 12.16% in over the last four-week period, additionally sinking by -81.81% over the last 6 months – not to mention a drop of -86.73% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRGX stock in for the last two-week period is set at 40.56, with the RSI for the last a single of trading hit 50.71, and the three-weeks RSI is set at 36.02 for CARGO Therapeutics Inc [CRGX]. The present Moving Average for the last 50 days of trading for this stock 6.77, while it was recorded at 4.08 for the last single week of trading, and 15.06 for the last 200 days.
CARGO Therapeutics Inc [CRGX]: Deeper insight into the fundamentals
CARGO Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 18.95 and a Current Ratio set at 18.95.
Earnings analysis for CARGO Therapeutics Inc [CRGX]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRGX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CARGO Therapeutics Inc go to 48.00%.
Insider trade positions for CARGO Therapeutics Inc [CRGX]
There are presently around $122.58%, or 122.88%% of CRGX stock, in the hands of institutional investors. The top three institutional holders of CRGX stocks are: FMR LLC with ownership of 6.88 million shares, which is approximately 15.8659%. SAMSARA BIOCAPITAL, LLC, holding 4.42 million shares of the stock with an approximate value of $$72.51 million in CRGX stocks shares; and SAMSARA BIOCAPITAL, LLC, currently with $$66.96 million in CRGX stock with ownership which is approximately 9.4087%.
