There’s No Need To Panic Or Freeze When It Comes To CARGO Therapeutics Inc (NASDAQ: CRGX)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Biotechnology industry segment. The current market capitalization of CARGO Therapeutics Inc is $814.73M. A total of 0.89 million shares were traded on the day, compared to an average of 243.06K shares.

In the most recent transaction, Samsara BioCapital GP, LLC bought 294,000 shares of CRGX for 17.00 per share on May 30 ’24. After the transaction, the 10% Owner now owns 4,415,689 company shares. In a previous transaction on Nov 14 ’23, Samsara BioCapital GP, LLC bought 666,666 shares at 15.00 per share. CRGX shares that 10% Owner owns now total 4,121,689.

Among the insiders who bought shares, Third Rock Ventures V, L.P. acquired of 1,333,333 shares on Nov 14 ’23 at a per-share price of $15.00. This resulted in the 10% Owner holding 1,807,119 shares of CRGX after the transaction. In another insider transaction, PERCEPTIVE ADVISORS LLC bought 666,666 shares at $15.00 per share on Nov 14 ’23. Company shares held by the Former 10% Owner now total 2,912,835.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CRGX has a high of $33.92 and a low of $13.14.

As of this writing, CRGX has an earnings estimate of -$1.13 per share for the current quarter. EPS was calculated based on a consensus of 7.0 estimates, with a high estimate of -$0.99 per share and a lower estimate of -$1.45.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CRGX’s latest balance sheet shows that the firm has $41.00k in Cash & Short Term Investments as of fiscal 2021. There were $3.17M in debt and $2.45M in liabilities at the time. Its Book Value Per Share was $9.51, while its Total Shareholder’s Equity was -$175.00k.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRGX is Buy with a score of 5.00.

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