CryoPort (CYRX) Gains 7.0%: Can This Momentum Continue?

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CryoPort, Inc. (CYRX) shares rose 7% to $10.71 during a recent trading session, with higher-than-average trading volume. The stock has gained 12.9% over the past four weeks. The company plans to report a quarterly loss of $0.23 per share, indicating a year-over-year decline of 1050%. Expected revenues for the quarter are $40.84 million, down 27.9% from the previous year.

The company recently opened a global supply chain center in Paris as part of its expansion strategy. Currently, CryoPort holds a Zacks Rank of #3 (Hold).

In comparison, Expeditors International (EXPD) shares increased 0.8% to $118.25, with a consensus EPS estimate of $1.4, reflecting a 14.1% decline year-over-year. EXPD also maintains a Zacks Rank of #3 (Hold).

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