The stock price of Cerus Corp. (NASDAQ: CERS) has dropped by 0.00 compared to previous close of 1.64. Despite this, the company has seen a fall of -3.24% in its stock price over the last five trading days. Business Wire reported 2024-04-18 that CONCORD, Calif.–(BUSINESS WIRE)–Cerus Corporation (Nasdaq: CERS) announced today that its first quarter 2024 financial results will be released on Thursday, May 2, 2024, after the close of the stock market. The Company will host a conference call and webcast at 4:30 P.M. ET that afternoon, during which management will discuss the Company’s financial results and provide a general business overview and outlook. To listen to the live webcast and view the presentation slides, please visit the Inv.
Is It Worth Investing in Cerus Corp. (NASDAQ: CERS) Right Now?
Moreover, the 36-month beta value for CERS is 1.31. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CERS is 171.96M and currently, short sellers hold a 3.42% of that float. On April 19, 2024, CERS’s average trading volume was 1.63M shares.
CERS’s Market Performance
CERS stock saw a decrease of -3.24% in the past week, with a monthly decline of -19.61% and a quarterly a decrease of -2.96%. The volatility ratio for the week is 7.58%, and the volatility levels for the last 30 days are 6.86% for Cerus Corp. (CERS).. The simple moving average for the past 20 days is -9.19% for CERS’s stock, with a -14.20% simple moving average for the past 200 days.
Analysts’ Opinion of CERS
Many brokerage firms have already submitted their reports for CERS stocks, with Craig Hallum repeating the rating for CERS by listing it as a “Buy.” The predicted price for CERS in the upcoming period, according to Craig Hallum is $5 based on the research report published on April 12, 2024 of the current year 2024.
Stephens gave a rating of “Equal-Weight” to CERS, setting the target price at $3.75 in the report published on January 17th of the previous year.
CERS Trading at -19.75% from the 50-Day Moving Average
After a stumble in the market that brought CERS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.75% of loss for the given period.
Volatility was left at 6.86%, however, over the last 30 days, the volatility rate increased by 7.58%, as shares sank -16.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.46% lower at present.
During the last 5 trading sessions, CERS fell by -3.24%, which changed the moving average for the period of 200-days by -33.06% in comparison to the 20-day moving average, which settled at $1.7895. In addition, Cerus Corp. saw -24.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CERS starting from Greenman William Mariner, who sale 63,611 shares at the price of $2.02 back on Mar 14 ’24. After this action, Greenman William Mariner now owns 3,181,281 shares of Cerus Corp., valued at $128,195 using the latest closing price.
Jayaraman Vivek K, the Chief Operating Officer of Cerus Corp., sale 26,794 shares at $1.97 during a trade that took place back on Mar 14 ’24, which means that Jayaraman Vivek K is holding 878,653 shares at $52,902 based on the most recent closing price.
Stock Fundamentals for CERS
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.55 for the gross margin
The net margin for Cerus Corp. stands at -0.24. The total capital return value is set at -0.28. Equity return is now at value -62.35, with -18.03 for asset returns.
Based on Cerus Corp. (CERS), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.52. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is -4.37.
Currently, EBITDA for the company is -54.35 million with net debt to EBITDA at -2.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.44. The receivables turnover for the company is 4.4for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.
Conclusion
To wrap up, the performance of Cerus Corp. (CERS) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
