The stock of Cerus Corp. (NASDAQ: CERS) has decreased by -0.86 when compared to last closing price of 1.75.Despite this, the company has seen a gain of 2.66% in its stock price over the last five trading days. businesswire.com reported 2024-06-21 that CONCORD, Calif.–(BUSINESS WIRE)–Cerus Corporation (Nasdaq:CERS) today announced a lunch symposium and selection of abstracts at the 38th International Congress of the International Society of Blood Transfusion (ISBT), taking place in Barcelona, Spain, from June 23 through June 27. Transfusion medicine experts and professionals from around the world attend the ISBT Congress. The following is a list of selected presentations and abstracts of interest for Cerus. All presentation times are listed.
Is It Worth Investing in Cerus Corp. (NASDAQ: CERS) Right Now?
The 36-month beta value for CERS is at 1.20. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CERS is 175.58M, and currently, shorts hold a 3.78% of that float. The average trading volume for CERS on June 28, 2024 was 929.50K shares.
CERS’s Market Performance
CERS’s stock has seen a 2.66% increase for the week, with a -1.42% drop in the past month and a -8.20% fall in the past quarter. The volatility ratio for the week is 3.55%, and the volatility levels for the past 30 days are at 5.08% for Cerus Corp. The simple moving average for the past 20 days is -1.73% for CERS’s stock, with a -3.96% 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 -2.94% 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 -43.67% of loss for the given period.
Volatility was left at 5.08%, however, over the last 30 days, the volatility rate increased by 3.55%, as shares sank -4.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.10% upper at present.
During the last 5 trading sessions, CERS rose by +2.96%, which changed the moving average for the period of 200-days by unch in comparison to the 20-day moving average, which settled at $1.7610. In addition, Cerus Corp. saw -19.68% 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 Shan Hua, who purchase 2,500 shares at the price of $1.99 back on May 13 ’24. After this action, Shan Hua now owns 32,386 shares of Cerus Corp., valued at $4,975 using the latest closing price.
NACHTSHEIM JAMI K, the Director of Cerus Corp., purchase 2,000 shares at $1.79 during a trade that took place back on May 10 ’24, which means that NACHTSHEIM JAMI K is holding 108,362 shares at $3,578 based on the most recent closing price.
Stock Fundamentals for CERS
Current profitability levels for the company are sitting at:
- -0.22 for the present operating margin
- 0.55 for the gross margin
The net margin for Cerus Corp. stands at -0.19. The total capital return value is set at -0.27. Equity return is now at value -58.44, with -15.84 for asset returns.
Based on Cerus Corp. (CERS), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at -0.37. The debt to equity ratio resting at 1.76. The interest coverage ratio of the stock is -3.94.
Currently, EBITDA for the company is -54.35 million with net debt to EBITDA at -2.92. When we switch over and look at the enterprise to sales, we see a ratio of 2.45. The receivables turnover for the company is 7.27for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
In conclusion, Cerus Corp. (CERS) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
