Inspire Investing LLC Boosts Stake in Cryoport, by 59.2%
April 11, 2023
Trending News ☀️
On April 9, 2023, it was reported that Inspire Investing LLC had increased its stake in Cryoport ($NASDAQ:CYRX), Inc. by an impressive 59.2%. Cryoport is a leading provider of cryogenic logistics solutions to the life sciences industry, specializing in providing temperature-controlled supply chains for biologics, vaccines, cell and gene therapies, and other life science products. It is likely that the increased investment will help to further strengthen the company’s financial position and improve its ability to respond to changing market conditions. The increased investments will also provide additional resources to support the development of new and innovative services and technologies that can help Cryoport better serve its clients.
Market Price
The announcement came as CRYOPORT stock opened at $21.0 and closed at $21.2, up by 0.8% from its last closing price of 21.1. This development highlights the increasing confidence in Cryoport and its products, as well as the commitment of Inspire Investing to the company’s success. With this increased stake, Inspire Investing has further solidified its support for the company, showing investors and partners that it believes in the future of Cryoport. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cryoport. More…
| Total Revenues | Net Income | Net Margin |
| 237.28 | -45.33 | -17.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cryoport. More…
| Operations | Investing | Financing |
| -1.85 | -59.68 | -39.17 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cryoport. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.04k | 482.91 | 11.5 |
Key Ratios Snapshot
Some of the financial key ratios for Cryoport are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 91.2% | – | -12.2% |
| FCF Margin | ROE | ROA |
| -11.0% | -3.3% | -1.7% |
Analysis
At GoodWhale, we have recently conducted an analysis of CRYOPORT’s fundamentals. Our Star Chart indicates that the company has an intermediate health score of 4/10, considering its cashflows and debt. We believe that the company is likely to pay off debt and fund future operations. Furthermore, our analysis reveals that CRYOPORT is strong in asset and growth, but weak in dividend and profitability. Based on these findings, we have classified CRYOPORT as a ‘cheetah’, which is a type of company that achieved high revenue or earnings growth but is considered less stable due to its lower profitability. Considering these characteristics of CRYOPORT, we believe that investors who are comfortable with a greater degree of risk may be interested in the company. Such investors may be attracted to the potential higher returns generated by the cheetah’s rapid growth, while also being aware of the associated risks. More…
Peers
In the logistics and transportation industry, there is intense competition among companies to provide the most efficient and cost-effective services. This is especially true for companies specializing in cryogenic transportation, where time and temperature sensitive shipments are the norm. In this arena, CryoPort Inc. has been a leader, innovating and investing in cutting-edge technology to stay ahead of the competition. Some of its main competitors include Shenzhen Prolto Supply Chain Management Co Ltd, Xinjiang Tianshun Supply Chain Co Ltd, and BEST Inc. While each company has its own strengths and weaknesses, CryoPort has consistently remained at the forefront of the industry, providing superior service and value to its customers.
– Shenzhen Prolto Supply Chain Management Co Ltd ($SZSE:002769)
Shenzhen Prolto Supply Chain Management Co Ltd has a market cap of 3.23B as of 2022, and a Return on Equity of 2.47%. The company is engaged in the business of providing supply chain management services. It offers services such as logistics, transportation, warehousing, and distribution. The company has a network of over 1,000 warehouses in China.
– Xinjiang Tianshun Supply Chain Co Ltd ($SZSE:002800)
Xinjiang Tianshun Supply Chain Co Ltd is a Chinese company that operates in the logistics and supply chain management industry. The company has a market capitalization of 2.2 billion US dollars as of 2022 and a return on equity of 6.85 percent. Xinjiang Tianshun Supply Chain Co Ltd is headquartered in the city of Urumqi in the Xinjiang Uyghur Autonomous Region of China. The company was founded in the year 2006.
– BEST Inc ($NYSE:BEST)
BEST Inc. is a leading express delivery and logistics company in China, with a market cap of $49.1 million as of 2022. The company has a return on equity of -60.92%. BEST Inc. provides express delivery, warehousing, and logistics services in China. The company operates a network of over 30,000 stores and more than 200 warehouses across China.
Summary
CRYOPORT has seen a surge in activity among investors recently, with Inspire Investing LLC increasing their holdings in the company by 59.2%. This indicates a strong increase in investor confidence in CRYOPORT’s potential, with more money being put into the stock. Analysts suggest that this is likely due to the company’s strong financial performance and growth potential, making it an attractive pick for investors.
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