Cerus Corporation [NASDAQ: CERS] closed the trading session at $7.47 on 08/04/20. The day’s price range saw the stock hit a low of $7.21, while the highest price level was $7.56. The company report on August 4, 2020 that Cerus Corporation Announces Record Second Quarter 2020 Results.
Cerus Corporation (Nasdaq: CERS) today announced financial results for the second quarter ended June 30, 2020.
Recent developments and highlights include:.
The stocks have a year to date performance of 77.01 percent and weekly performance of 10.34 percent. The stock has been moved at 55.30 percent over the last six months. The stock has performed 8.89 percent around the most recent 30 days and changed 39.89 percent over the most recent 3-months.
If compared to the average trading volume of 2.02M shares, CERS reached to a volume of 1497718 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Cerus Corporation [CERS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CERS shares is $8.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CERS stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cantor Fitzgerald have made an estimate for Cerus Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 16, 2020. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on February 26, 2020, representing the official price target for Cerus Corporation stock. Previously, the target price had yet another raise to $7, while BTIG Research analysts kept a Buy rating on CERS stock.
The Average True Range (ATR) for Cerus Corporation is set at 0.35, with the Price to Sales ratio for CERS stock in the period of the last 12 months amounting to 12.80. The Price to Book ratio for the last quarter was 10.52, with the Price to Cash per share for the same quarter was set at 0.80.
CERS stock trade performance evaluation
Cerus Corporation [CERS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.34. With this latest performance, CERS shares gained by 8.89% in over the last four-week period, additionally plugging by 55.30% over the last 6 months – not to mention a rise of 48.51% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CERS stock in for the last two-week period is set at 66.40, with the RSI for the last a single of trading hit 72.38, and the three-weeks RSI is set at 63.30 for Cerus Corporation [CERS]. The present Moving Average for the last 50 days of trading for this stock 6.57, while it was recorded at 7.24 for the last single week of trading, and 5.12 for the last 200 days.
Cerus Corporation [CERS]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Cerus Corporation [CERS] shares currently have an operating margin of -70.62 and a Gross Margin at +62.02. Cerus Corporation’s Net Margin is presently recorded at -75.97.
Return on Total Capital for CERS is now -56.15, given the latest momentum, and Return on Invested Capital for the company is -64.36. Return on Equity for this stock declined to -100.65, with Return on Assets sitting at -43.31. When it comes to the capital structure of this company, Cerus Corporation [CERS] has a Total Debt to Total Equity ratio set at 112.97. Additionally, CERS Total Debt to Total Capital is recorded at 53.04, with Total Debt to Total Assets ending up at 38.93. Long-Term Debt to Equity for the company is recorded at 101.35, with the Long-Term Debt to Total Capital now at 47.59.
Reflecting on the efficiency of the workforce at the company, Cerus Corporation [CERS] managed to generate an average of -$280,488 per employee. Receivables Turnover for the company is 6.42 with a Total Asset Turnover recorded at a value of 0.57.Cerus Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.50 and a Current Ratio set at 4.00.
Earnings per share (EPS) analysis for Cerus Corporation [CERS] stock
With the latest financial reports released by the company, Cerus Corporation posted -0.13/share EPS, while the average EPS was predicted by analysts to be reported at -0.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CERS.
Cerus Corporation [CERS]: Insider Ownership positions
There are presently around $986 million, or 76.10% of CERS stock, in the hands of institutional investors. The top three institutional holders of CERS stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 14,005,056, which is approximately 48.73% of the company’s market cap and around 2.20% of the total institutional ownership; BAKER BROS. ADVISORS LP, holding 13,713,195 shares of the stock with an approximate value of $102.44 million in CERS stocks shares; and BLACKROCK INC., currently with $93.4 million in CERS stock with ownership of nearly 8.021% of the company’s market capitalization.
Positions in Cerus Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 90 institutional holders increased their position in Cerus Corporation [NASDAQ:CERS] by around 26,162,856 shares. Additionally, 57 investors decreased positions by around 9,761,672 shares, while 27 investors held positions by with 96,115,752 shares. The mentioned changes placed institutional holdings at 132,040,280 shares, according to the latest SEC report filing. CERS stock had 33 new institutional investments in for a total of 9,596,952 shares, while 20 institutional investors sold positions of 3,132,215 shares during the same period.