B. Riley cuts Cryoport to neutral, cites top-line growth [Seeking Alpha]
B. Riley Financial, Inc. (RILY)
NASDAQ:AMEX Investor Relations:
ir.brileyfin.com/investor-relations
Company Research
Source: Seeking Alpha
The investment firm said it doesn't see revenue growth from clinical trials and commercial CGTs, or cell and gene therapies, as supporting “meaningful” top-line growth. “Considering the single-digit top-line growth, current nonprofitable operation, and limited visibility on generating profit in a high-interest investment environment, we move to the sidelines awaiting recovery from MVE and increasing investment in CGT clinical trials,” the firm added. B. Riley lowered its price target for the stock to $19 from $22. Recommended For You More Trending News Recommended For You More Trending News About CYRX Stock Related Stocks Trending Analysis Trending News
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RILY
Sec Filings
- 5/15/24 - Form 10-Q
- 5/15/24 - Form 8-K
- 5/13/24 - Form NT
- RILY's page on the SEC website