Latest news with #PerimeterSolutions
Yahoo
26-05-2025
- Business
- Yahoo
Perimeter Solutions (PRM) Declined in Q1 Despite Strong Results
Weitz Investment Management, an investment management firm, released its 'Multi-Cap Equity Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund's Institutional Class returned +0.81% in the first quarter compared to -4.72% for the Russell 3000. In late January, the 'AI Trade' faced a challenge when the Chinese company DeepSeek revealed that it had created an advanced AI model significantly lower cost than its U.S. counterparts. This announcement resulted in increased scrutiny from investors regarding the spending strategies of US firms. Investors' and corporate leaders' confidence is challenged by uncertainties related to trade and tariffs, which causes equities to decline as the quarter draws to a close. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Weitz Multi-Cap Equity Fund highlighted stocks such as Perimeter Solutions, Inc. (NYSE:PRM). Founded in 1963, Perimeter Solutions, Inc. (NYSE:PRM) manufactures and distributes firefighting products and lubricant additives. The one-month return of Perimeter Solutions, Inc. (NYSE:PRM) was 15.00%, and its shares gained 54.75% of their value over the last 52 weeks. On May 23, 2025, Perimeter Solutions, Inc. (NYSE:PRM) stock closed at $11.73 per share with a market capitalization of $1.733 billion. Weitz Multi-Cap Equity Fund stated the following regarding Perimeter Solutions, Inc. (NYSE:PRM) in its Q1 2025 investor letter: "Perimeter Solutions, Inc. (NYSE:PRM) reported a strong fourth quarter, capping an above-average fire season, yet shares were down in 1Q. Investors are likely anticipating a reduced wildfire experience in 2025 and are expressing some skepticism over the announced, modest-sized acquisition of IMS Corp, a maker of niche printed circuit boards. While far afield of Perimeter's core business, management has long articulated a 'platform' approach to acquisitions, pursuing different business lines that meet their criteria and provide additional verticals for organic growth and bolt-on acquisitions." A close-up of a firefighter in full gear, monitoring a fire safety drill. Perimeter Solutions, Inc. (NYSE:PRM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held Perimeter Solutions, Inc. (NYSE:PRM) at the end of the first quarter which was 31 in the previous quarter. Perimeter Solutions, Inc.'s (NYSE:PRM) first quarter consolidated sales increased 22% to $72 million. While we acknowledge the potential of Perimeter Solutions, Inc. (NYSE:PRM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Perimeter Solutions, Inc. (NYSE:PRM) and shared the list of best small-cap chemical stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Perimeter Solutions (PRM) Declined Despite Strong Results
Weitz Investment Management, an investment management firm, released its 'Multi-Cap Equity Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund's Institutional Class returned +0.81% in the first quarter compared to -4.72% for the Russell 3000. In late January, the 'AI Trade' faced a challenge when the Chinese company DeepSeek revealed that it had created an advanced AI model significantly lower cost than its U.S. counterparts. This announcement resulted in increased scrutiny from investors regarding the spending strategies of US firms. Investors' and corporate leaders' confidence is challenged by uncertainties related to trade and tariffs, which causes equities to decline as the quarter draws to a close. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Weitz Multi-Cap Equity Fund highlighted stocks such as Perimeter Solutions, Inc. (NYSE:PRM). Founded in 1963, Perimeter Solutions, Inc. (NYSE:PRM) manufactures and distributes firefighting products and lubricant additives. The one-month return of Perimeter Solutions, Inc. (NYSE:PRM) was 15.00%, and its shares gained 54.75% of their value over the last 52 weeks. On May 23, 2025, Perimeter Solutions, Inc. (NYSE:PRM) stock closed at $11.73 per share with a market capitalization of $1.733 billion. Weitz Multi-Cap Equity Fund stated the following regarding Perimeter Solutions, Inc. (NYSE:PRM) in its Q1 2025 investor letter: "Perimeter Solutions, Inc. (NYSE:PRM) reported a strong fourth quarter, capping an above-average fire season, yet shares were down in 1Q. Investors are likely anticipating a reduced wildfire experience in 2025 and are expressing some skepticism over the announced, modest-sized acquisition of IMS Corp, a maker of niche printed circuit boards. While far afield of Perimeter's core business, management has long articulated a 'platform' approach to acquisitions, pursuing different business lines that meet their criteria and provide additional verticals for organic growth and bolt-on acquisitions." A close-up of a firefighter in full gear, monitoring a fire safety drill. Perimeter Solutions, Inc. (NYSE:PRM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 37 hedge fund portfolios held Perimeter Solutions, Inc. (NYSE:PRM) at the end of the first quarter which was 31 in the previous quarter. Perimeter Solutions, Inc.'s (NYSE:PRM) first quarter consolidated sales increased 22% to $72 million. While we acknowledge the potential of Perimeter Solutions, Inc. (NYSE:PRM) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Perimeter Solutions, Inc. (NYSE:PRM) and shared the list of best small-cap chemical stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Associated Press
08-05-2025
- Business
- Associated Press
Perimeter Solutions Reports First Quarter 2025 Financial Results
First quarter Net Income of $56.7M and Adjusted Net Income of $4.1M Strong execution and early season fire activity drove first quarter Adjusted EBITDA of $18.1M First quarter Earnings Per Diluted Share of $0.36 and Adjusted Earnings Per Diluted Share of $0.03 First IMS add-on product line acquisitions completed Clayton, Missouri--(Newsfile Corp. - May 8, 2025) - Perimeter Solutions, Inc. (NYSE: PRM) ('Perimeter' or the 'Company'), a leading global solutions provider for the Fire Safety and Specialty Products industries, today reported financial results for its first quarter ended March 31, 2025. First Quarter 2025 Results Capital Allocation Conference Call and Webcast As previously announced, Perimeter Solutions management will hold a conference call at 8:30 a.m. ET on Thursday, May 8, 2025 to discuss financial results for the first quarter 2025. The conference call can be accessed by dialing (833) 316-1983 (toll-free) or (785) 838-9310 (toll) and using Conference ID 'Perimeter'. The conference call will also be webcast simultaneously on Perimeter's website ( accessed under the Investor Relations page. The webcast link will be made available on the Company's website prior to the start of the call; go to the investor relations page of our website to the News & Events menu and click on 'Events & Presentations.' A slide presentation will also be available for reference during the conference call; go to the investor relations page of our website to the News & Events menu and click on 'Events & Presentations.' Following the live webcast, a replay will be available on the Company's website. A telephonic replay will also be available approximately three hours after the call and can be accessed by dialing (877) 660-6853 (toll-free) or (201) 612-7415 (toll) and using Access ID '13753257". The telephonic replay will be available until June 7, 2025 (11:59 p.m. ET). About Perimeter Solutions Perimeter Solutions is a leading global solutions provider for the Fire Safety and Specialty Products industries. The Company's business is organized and managed in two reporting segments: Fire Safety and Specialty Products. The Fire Safety segment is a formulator and manufacturer of fire management products that help our customers combat various types of fires, including wildland, structural, flammable liquids and other types of fires. Our Fire Safety segment also offers specialized equipment and services, typically in conjunction with our fire management products to support our customers' firefighting operations. Our specialized equipment includes airbase retardant storage, mixing, and delivery equipment; mobile retardant bases; retardant ground application units; mobile foam equipment; and equipment that we custom design and manufacture to meet specific customer needs. Our service network can meet the emergency resupply needs of over 150 air tanker bases in North America, as well as many other customer locations globally. The segment is built on the premise of superior technology, exceptional responsiveness to our customers' needs, and a 'never-fail' service network. The segment sells products to government agencies and commercial customers around the world. The Specialty Products segment includes operations that develop, produce and market products for non-fire safety markets. The Company's largest end market application for our Specialty Products segment is Phosphorus Pentasulfide ('P 2 S 5" ) based lubricant additives. P 2 S 5 is also used in pesticide and mining chemicals applications, and emerging electric battery technologies. The Specialty Products segment also includes Intelligent Manufacturing Solutions ('IMS'), which is a manufacturer of electronic or electro-mechanical components of larger solutions. IMS has a flexible, vertically integrated production facility centered on its printed circuit board ('PCB') line that allows it to acquire and produce a variety of product lines across a range of end markets, including large medical systems, communications infrastructure, energy infrastructure, defense systems, and industrial systems, with a substantial focus on aftermarket repair and replacement. Forward-looking Information This press release may contain 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: 'anticipate,' 'intend,' 'plan,' 'goal,' 'seek,' 'believe,' 'project,' 'estimate,' 'expect,' 'strategy,' 'future,' 'likely,' 'may,' 'should,' 'will,' and similar references to future periods. Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although Perimeter believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect the Company's actual financial results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the Securities and Exchange Commission ('SEC'), including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2024. Shareholders, potential investors and other readers should consider these factors carefully in evaluating the forward-looking statements. Any forward-looking statement made by Perimeter in this press release speaks only as of the date on which it is made. Perimeter undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. SOURCE: Perimeter Solutions, Inc. CONTACT: [email protected] PERIMETER SOLUTIONS, INC. AND SUBSIDIARIES Consolidated Statements of Operations and Comprehensive Income (Loss) (in thousands, except share and per share data) (Unaudited) [This table cannot be displayed. Please visit the source.] PERIMETER SOLUTIONS, INC. AND SUBSIDIARIES Consolidated Balance Sheets (in thousands, except share and per share data) (Unaudited) [This table cannot be displayed. Please visit the source.] PERIMETER SOLUTIONS, INC. AND SUBSIDIARIES Consolidated Statements of Cash Flows (in thousands) (Unaudited) [This table cannot be displayed. Please visit the source.] Non-GAAP Financial Metrics The Company provides non-GAAP financial measures for Adjusted EBITDA, Adjusted Net Income, and Adjusted Earnings Per Share data as supplemental information regarding the Company's business performance. The Company believes that these non-GAAP financial measures are useful to investors because they provide investors with a better understanding of the Company's past financial performance and future results. The Company's management uses these non-GAAP financial measures when it internally evaluates the performance of its business and makes operating decisions, including internal operating budgeting, performance measurement, and discretionary compensation. Adjusted EBITDA The computation of Adjusted EBITDA is defined as income (loss) before income taxes plus net interest and other financing expenses, and depreciation and amortization, adjusted on a consistent basis for certain non-recurring, unusual or non-operational items. These items include (i) restructuring and transaction related costs (ii) founder advisory fee expenses, (iii) stock compensation expense and (iv) foreign currency loss (gain). To supplement the Company's consolidated financial statements presented in accordance with U.S. GAAP, Perimeter is providing a summary to show the computations of Adjusted EBITDA, which is a non-GAAP measure used by the Company's management and by external users of Perimeter's financial statements, such as debt and equity investors, commercial banks and others, to assess the Company's operating performance as compared to that of other companies, without regard to financing methods, capital structure or historical cost basis. Adjusted EBITDA should not be considered an alternative to net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP (in thousands). [This table cannot be displayed. Please visit the source.] (1) For the three months ended March 31, 2025, $0.6 million was related to acquisition costs, $0.4 million was related to the Redomiciliation Transaction and $0.5 million was related to restructuring and other non-recurring costs. For the three months ended March 31, 2024, $0.5 million was related to restructuring and other non-recurring costs. Adjusted Earnings Per Share The computation of Adjusted Earnings Per Share ('Adjusted EPS') is defined as Adjusted Net Income (loss) divided by adjusted diluted shares. Adjusted Net Income is defined as net income (loss) plus amortization, certain non-recurring, unusual or non-operational items, and the tax impact of these non-GAAP adjustments. These adjustments include (i) restructuring and transaction related costs (ii) founder advisory fee expenses, (iii) stock compensation expense and (iv) foreign currency loss (gain). Adjusted diluted shares is the weighted average diluted shares outstanding, adjusted by adding dilution for options and warrants excluded under U.S. GAAP due to a net loss, less dilution related to Founders advisory fees. To supplement the Company's condensed consolidated financial statements presented in accordance with U.S. GAAP, Perimeter is providing a summary to show the computations of Adjusted EPS, which is a non-GAAP measure used by the Company's management and by external users of Perimeter's financial statements, such as debt and equity investors, commercial banks and others, to assess the Company's operating performance as compared to that of other companies, without regard to financing methods, capital structure or historical cost basis. Adjusted EPS and Adjusted Net Income should not be considered alternatives to GAAP earnings per share ('GAAP EPS'), net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP (in thousands, except share and per share data). [This table cannot be displayed. Please visit the source.] (1) For the three months ended March 31, 2025, $0.6 million was related to acquisition costs, $0.4 million was related to the Redomiciliation Transaction and $0.5 million was related to restructuring and other non-recurring costs. For the three months ended March 31, 2024, $0.5 million was related to restructuring and other non-recurring costs. (2) The tax impact of non-GAAP adjustments reflects the total income tax expense commensurate with the non-GAAP measure of profitability. (3) The Company adds back the dilutive impact of options and warrants if amounts were excluded for purposes of GAAP EPS due to a GAAP net loss during the period. (4) As of March 31, 2025 and 2024, a maximum of 2.4 million shares were expected to be issued within 12 months under the Founders fixed advisory fee. (5) Based on period end market prices, no shares were issuable under the Founders variable advisory fee. To view the source version of this press release, please visit
Yahoo
30-04-2025
- Business
- Yahoo
Perimeter Announces Date for First Quarter 2025 Earnings Call
Clayton, Missouri--(Newsfile Corp. - April 30, 2025) - Perimeter Solutions (NYSE: PRM) ("Perimeter" or the "Company"), a leading global solutions provider for the Fire Safety and Specialty Products industries, announced today it will release its financial results for the first quarter 2025 on Thursday, May 8, 2025, before the market opens. The Company will host a conference call to discuss these results at 8:30 a.m. ET on the same day. The presentation will be led by CEO Haitham Khouri, CFO Kyle Sable, and Head of Investor Relations Seth Barker. The live webcast of the call can be accessed through Perimeter's investor relations website at and as follows: When: Thursday, May 8, 2025, at 8:30 AM (ET) Dial-in Number: 833-316-1983 / 785-838-9310 Conference ID (Required for Entry): Perimeter Conference Name: Perimeter Solutions Q1 2025 Earnings Call Materials Available At: Replay Available: Thursday, May 8, 2025 to June 7, 2025 (11:59 PM ET) Replay Number: 877-660-6853 / 201-612-7415 Access ID: 13753257 Internet Access: About Perimeter Solutions Headquartered in St. Louis, Missouri, Perimeter Solutions (NYSE: PRM) is a leading global solutions provider for the Fire Safety and Specialty Products industries. The Company's products and operations are managed and reported in two operating segments: Fire Safety and Specialty Products. The Fire Safety segment provides fire retardants and firefighting foams, as well as specialized equipment and services typically offered in conjunction with the Company's retardant and foam products. The Specialty Products segment includes operations that develop, produce and market products for non-fire safety markets. The Company's largest end market application for the Specialty Products segment is Phosphorus Pentasulfide ("P2S5") based lubricant additives. The Specialty Products segment also includes IMS, which is a manufacturer of electronic or electro-mechanical components of larger solutions across a range of end markets, including medical systems, communications infrastructure, energy infrastructure, defense systems, and industrial systems, with a substantial focus on aftermarket repair and replacement. For more information, visit: Investor Relations Contact: Seth BarkerHead of Investor Relations and VP of Financial Planning and Analysisir@ To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
UBS Says It's Time to Go Bargain Hunting; Here Are 2 Stocks Poised for a Rebound
The major indexes are in freefall ahead of the open on Thursday, as the markets appear to be digesting the impact of what Donald Trump has declared 'Liberation Day' for the US. Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. After imposing a 10 percent tax on all imported goods along with additional 'reciprocal' tariffs on certain major trading partners amid an intensifying trade war, concerns are growing over its potential economic repercussions. However, according to the investment office at UBS, it's not all necessarily doom and gloom. The markets might be voting with a thumbs down to the most serious instalment to-date in Trump's tariff crusade, but a recent note by the UBS investment team lays out reasons to keep a positive stance. 'Our economic forecasts do not call for a recession in the US,' says the note. 'In our base case, a wide range of selective tariffs and counteractions are likely to lead to slower economic growth compared to last year, but they should not prevent the US economy from expanding by around 2%—its historical trend rate—this year. In addition, we expect the Federal Reserve to continue easing policy, with its Summary of Economic Projections last week indicating 50 basis points of interest rate cuts by the end of this year… We acknowledge that policy-driven uncertainty could pose further risks to the stock markets, and believe portfolio diversification and hedging strategies remain key. But we continue to expect the S&P 500 to end the year higher, and recommend phasing in and tactically buying the dip in US equities.' In this situation, UBS suggests that investors go bargain hunting sooner rather than later. The bank's analysts are running with that idea, having noted two stocks that have been on the backfoot recently but are poised for a rebound in today's conditions. Does the rest of the Street agree with the UBS view? This we can find out with some assistance from the TipRanks database. Let's give these names a closer look. Perimeter Solutions (PRM) First on our list is Perimeter Solutions, a Missouri-based company that focuses on fire safety and prevention. Specifically, the company is a global producer of high-quality firefighting products and lubricant additives. Perimeter Solutions is proud of its reputation for quality, noting that in the firefighting industry there is no room for error – these are products that save lives, and so must work correctly the first time, every time. Perimeter Solutions operates two main business segments, Fire Safety and Specialty Products. In the Fire Safety segment, this company is known for offering full-service solutions, including products, equipment, and personnel – and the logistic chain to support them. Perimeter Solutions markets its firefighting chemicals around the world, and its product list includes fire retardants and fire suppression foam applications. The company is well-known as an important supplier of firefighting products and services for the forestry industry, and can count such major names as the USDA Forest Service and CalFire among its customers. Brand names in the Perimeter Solutions product line include the Phos-Chek and Fire-Trol retardants, foams, and gels; the Auxquimia firefighting foams, and the fluorine-free Solberg foam products. On the Specialty Product side, Perimeter Solutions is the only global-scale producer of phosphorus pentasulfide (P2S5) and is also known for producing the raw materials needed in anti-wear additives. The company's P2S5 product is in high demand by manufacturers of engine oil additives around the world. All of this is big business, and Perimeter Solutions generated $561 million in full-year sales for 2024 – up an impressive 74% from 2023. The Fire Safety segment, which made up $436.3 million of the total annual sales, was up 93% year-over-year. Narrowing our focus to the last reported quarter, 4Q24, we see that the company had quarterly revenue of $86.2 million, up 45% from the prior year, and an EPS figure of 90 cents, marking a strong turnaround from the 9-cent net loss reported in 4Q23. We should note two facts here. First, Perimeter Solutions typically reports its strongest results during Q3 – which makes sense, as that covers the hot late-summer months and the height of the US wildfire season. And second, the company's stock peaked in January of this year and is now down 24.5% from that high point. Covering this stock for UBS, analyst Joshua Spector first explains why the current dip in share price is a buying opportunity, writing, 'PRM has shown the power of its operating model, lifting recurring EBITDA by >70% on a similar fire season (2024 vs 2020/21). Yet the stock has declined [since] mid-January. We see this dip as a buying opportunity… 2025 is a reset year as we assume a 'normal' fire season vs above avg 2024, however this 2025 base is ~$100M above prior 'avg' years, and we model a ~7% CAGR off this higher base (w/o capital deployment). We think PRM stock is pricing in either no EBITDA growth from here or 2025 EBITDA ~25% below UBS 2025e.' Looking ahead, the analyst sees recent high-profile fire activity as a likely factor in boosting the company's profile, and he adds, 'PRM is a leader in fire retardants used to fight wildfires. We believe recent memory of L.A. wildfires will increase the call for more ability to fight, contain, and prevent wildfires. This should catalyse growth in PRM's volumes, absent growth in acres burned, and provide more firepower to PRM's earnings algorithm.' These comments support Spector's Buy rating on the shares, while his $14 price target implies that PRM will gain 33.5% in the next 12 months. (To watch Spector's track record, click here.) There are only 2 recent analyst reviews on record for this stock, both are positive – making the consensus view a Moderate Buy. The stock is trading for $10.49, and its $16 average target price suggests a 52.5% gain in the year ahead. (See PRM stock forecast.) Cryoport, Inc. (CYRX) Next on our list is Cryoport, a global leader in the field of cold storage and transport, as applied in the world of biotech. The company is a specialist in cryogenic storage systems, biostorage and sample processing, and life science-focused courier activities. Cryoport's expertise in cooling systems, cold storage, and cold transport has made it a global leader as a provider of support services for biomedical clinical trials and for commercial therapies for regenerative medicine. The company is based in Tennessee and operates from 50 facilities in strategic locations around the world. When the biotech field needs mission-critical support in bio-logistics, bio-storage, bio-processing, and cryogenic cooling, Cryoport has become a go-to name. Cryoport operates through several business units, each with a particular focus. The company's eponymous unit, Cryoport Systems, handles a globally integrated, temperature-controlled supply chain specialized for the Life Sciences field. The CRYOPDP segment is another logistics specialist, partnering with biopharma and clinical trials companies on the global scene. The company's MVE segment is a preferred player in the global field of cryogenic storage and shipping. And finally, CRYOGENE is a US-based medical biorepository, providing secure cold storage for biological specimens and related supplies. In all, Cryoport employs over 1,100 people in 50 facilities across 17 countries. This network serves customers in a wide range of specific applications, including biopharmaceuticals, reproductive medicine, and even animal husbandry. Other important users of Cryoport's services include government agencies, research institutions, and universities. When we turn to the financial side, we see that Cryoport generated $59.5 million in revenue during the 4Q24, for a 4% gain year-over-year and beating the forecast by $1.03 million. At the bottom line, the company's earnings came to a net loss of 42 cents per share, missing the estimates by 13 cents per share. The company saw full-year 2024 revenue of $228.4 million, which was in line with the previously published guidance figures. We should note here that CYRX shares have fallen by 66% in the past 12 months. For UBS analyst Dan Leonard, however, this share price weakness presents a chance to buy in. He explains why he is positive on CYRX, noting that the company has long-term strengths that should outweigh nearer-term headwinds, writing, 'Our Buy rating on CryoPort reflects our view that scaling cell and gene therapy service offerings provide a credible pathway to low-double-digit+ (~10%+) mid-long term sales growth and positive free cash flow. Headwinds in MVE and broader biopharma market weakness have depressed sales, but these challenges are well understood, appear to be stabilizing, and provide an attractive entry point, in our view.' Along with that noted Buy rating, Leonard gives CYRX shares a price target of $11, suggesting a handsome 78.5% upside potential on the one-year horizon. (To watch Leonard's track record, click here.) For the Street as a whole, this stock gets a Moderate Buy consensus rating, based on 8 recent reviews that include 5 to Buy and 4 to Hold. The shares are priced at $6.16, and their $10.64 average price target implies a one-year upside potential of 73%. (See CYRX stock forecast.) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. Disclaimer & DisclosureReport an Issue Sign in to access your portfolio
