The stock of Cerus Corp. (CERS) has seen a 7.69% increase in the past week, with a 41.67% gain in the past month, and a 43.37% flourish in the past quarter. The volatility ratio for the week is 6.08%, and the volatility levels for the past 30 days are at 6.60% for CERS. The simple moving average for the last 20 days is 17.47% for CERS stock, with a simple moving average of 28.59% for the last 200 days.
Is It Worth Investing in Cerus Corp. (NASDAQ: CERS) Right Now?
Additionally, the 36-month beta value for CERS is 1.16. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CERS is 175.52M and currently, short sellers hold a 3.89% ratio of that float. The average trading volume of CERS on July 26, 2024 was 964.53K shares.
CERS) stock’s latest price update
Cerus Corp. (NASDAQ: CERS)’s stock price has plunge by 3.03relation to previous closing price of 2.31. Nevertheless, the company has seen a 7.69% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-07-18 that CONCORD, Calif.–(BUSINESS WIRE)–Cerus Corporation (Nasdaq: CERS) announced today that its second quarter 2024 financial results will be released on Thursday, August 1, 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.
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 24.74% 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 -22.73% of loss for the given period.
Volatility was left at 6.60%, however, over the last 30 days, the volatility rate increased by 6.08%, as shares surge +42.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.00% upper at present.
During the last 5 trading sessions, CERS rose by +7.69%, which changed the moving average for the period of 200-days by +77.61% in comparison to the 20-day moving average, which settled at $2.06. In addition, Cerus Corp. saw 10.19% in overturn over a single year, with a tendency to cut further gains.
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 3.18. 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 seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
