Cytori (CYTX) Stock Is Moving Up | Can It Continue?

Cytori stock newsCytori Therapeutics Inc (NASDAQ: CYTX)

Cytori Therapeutics has had a tough time in the market over the past month. However, it seems as though the momentum may be changing direction. So, today we’ll take a look at Cytori to see what’s causing the upward movement and whether or not we can expect the momentum to move in the upward direction for the long term. So, let’s get right to it.

Positive News We’ve Seen From CYTX Lately

If you’re looking for positive news from Cytori, it’s not going to be hard to find it. Here are just a few pieces of positive data we’ve received lately…

  • Short Interest Is Dwindling – CYTX is seeing a major decline in short interest. As of April 15th, the stock saw an 18.2% drop in short interest from what we saw March 31st. This is surely a good sign for CYTX.
  • Analyst Opinions – No matter where you look, it seems like more and more analysts are weighing in on Cytori and in a very good way. Most recently, just to name a few…
    • Maxim Group – Reiterated “buy” rating and set a $7.00 target price on the stock.
    • Roth Capital – Gave CYTX a “buy” rating with a target price of $6.00
    • Laidlaw – Reiterated “buy” rating.

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What We’re Seeing From Cytori Stock Today

As mentioned above, Cytori is having a great day in the market today. Currently (1:37), the stock is trading at $0.85 per share after a gain of 4.14% so far today.

What We Can Expect To See From CYTX Moving Forward

When it comes to Cytori, I think that we’re in for both short term and long term gains. With so many analysts weighing in, in a positive way, and investor excitement clearly up, it only makes sense that the stock would continue to rise in the short term. In the long term, the company is fundamentally sound! So, we should see growth there as well.

What Do You Think?

Where do you think CYTX is headed and why? Let us know in the comments below!

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