Cryoport listed on the NASDAQ index in July of 2015 and has grown in size to a $2.5 billion market cap. A quick look at Cryoport’s stock chart will show that owning shares comes with a certain amount of volatility. Cryoport has a 52-week trading range of $17.38 to $84.97 and much of this is due to the low share float and high institutional ownership. When the stock sees swings either up or down, it doesn’t take much to have an impact on the stock price.
Cryoport is at the crossroads of technology and cold storage delivery, as its intelligent logistics allows both shippers and receivers to digitally track the package. This ensures proper temperature monitoring, GPS tracking, barometric pressure changes, light sensitivity, humidity levels, and the recording of any shock events. Cryoport is in the business of shipping some highly sensitive materials with biopharma companies being one of its largest customer bases. Cryostork is the company’s IVF and embryo shipping service and is a simple way of allowing remote IVF deliveries to labs. Cryoport is at the heart of global cold storage delivery, and is well positioned to rapidly grow as the world’s delivery and logistics system continues to get faster and more robust.