Cerus Corp. [NASDAQ: CERS] traded at a low on Thursday, posting a -9.44 loss after which it closed the day’ session at $1.63.
The results of the trading session contributed to over 7365451 shares changing hands. Over the past one week, the price volatility of Cerus Corp. stands at 8.89% while the volatility over the past one month is 5.97%.
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The market cap for CERS stock reached $302.04 million, with 181.25 million shares outstanding and 175.94 million shares in the current float. Compared to the average trading volume of 1.01M shares, CERS reached a trading volume of 7365451 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cerus Corp. [CERS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CERS shares is $3.90 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 1.67. 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.
Craig Hallum have made an estimate for Cerus Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 12, 2024. The new note on the price target was released on January 20, 2023, representing the official price target for Cerus Corp. stock. Previously, the target price had yet another raise to $3.75, while Stephens analysts kept a Equal-Weight rating on CERS stock.
The Average True Range (ATR) for Cerus Corp. is set at 0.13, with the Price to Sales ratio for CERS stock in the period of the last 12 months amounting to 1.78. The Price to Book ratio for the last quarter was 6.10, with the Price to Cash per share for the same quarter was set at 0.38.
How has CERS stock performed recently?
Cerus Corp. [CERS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.78. With this latest performance, CERS shares dropped by -8.43% in over the last four-week period, additionally sinking by -0.61% over the last 6 months – not to mention a rise of 23.48% 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 37.45, with the RSI for the last a single of trading hit 35.42, and the three-weeks RSI is set at 39.36 for Cerus Corp. [CERS]. The present Moving Average for the last 50 days of trading for this stock 1.9852, while it was recorded at 1.7880 for the last single week of trading, and 1.9597 for the last 200 days.
Cerus Corp. [CERS]: Deeper insight into the fundamentals
Cerus Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.83 and a Current Ratio set at 2.51.
Earnings analysis for Cerus Corp. [CERS]
With the latest financial reports released by the company, Cerus Corp. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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.
Insider trade positions for Cerus Corp. [CERS]
There are presently around $75.97%, or 78.54%% 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 19.9 million shares, which is approximately 10.9288%. BAKER BROS. ADVISORS LP, holding 19.48 million shares of the stock with an approximate value of $$34.28 million in CERS stocks shares; and BAKER BROS. ADVISORS LP, currently with $$24.45 million in CERS stock with ownership which is approximately 7.6292%.
