CERo Therapeutics Holdings Inc. (NASDAQ: CERO)’s stock price has dropped by -13.90 in relation to previous closing price of 0.16. Nevertheless, the company has seen a loss of -26.15% in its stock price over the last five trading days. globenewswire.com reported 2024-06-13 that Company anticipates near term filing of Investigational New Drug Application to FDA SOUTH SAN FRANCISCO, Calif., June 13, 2024 (GLOBE NEWSWIRE) — CERo Therapeutics Holdings, Inc. (Nasdaq: CERO) (“CERo”), an innovative immunotherapy company seeking to advance the next generation of engineered T cell therapeutics that employ phagocytic mechanisms, announced it successfully executed pre-IND manufacturing activities for its lead therapeutic, CER-1236.
Is It Worth Investing in CERo Therapeutics Holdings Inc. (NASDAQ: CERO) Right Now?
The 36-month beta value for CERO is also noteworthy at -0.45.
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The public float for CERO is 9.65M, and at present, short sellers hold a 13.34% of that float. The average trading volume of CERO on August 05, 2024 was 4.46M shares.
CERO’s Market Performance
CERO’s stock has seen a -26.15% decrease for the week, with a -46.87% drop in the past month and a -90.22% fall in the past quarter. The volatility ratio for the week is 16.16%, and the volatility levels for the past 30 days are at 20.23% for CERo Therapeutics Holdings Inc. The simple moving average for the last 20 days is -31.42% for CERO’s stock, with a simple moving average of -97.40% for the last 200 days.
CERO Trading at -68.90% from the 50-Day Moving Average
After a stumble in the market that brought CERO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.95% of loss for the given period.
Volatility was left at 20.23%, however, over the last 30 days, the volatility rate increased by 16.16%, as shares sank -34.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -86.30% lower at present.
During the last 5 trading sessions, CERO fell by -25.82%, which changed the moving average for the period of 200-days by -98.75% in comparison to the 20-day moving average, which settled at $0.1933. In addition, CERo Therapeutics Holdings Inc. saw -98.77% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CERO
Equity return is now at value -1708.01, with -33.39 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.
Conclusion
In summary, CERo Therapeutics Holdings Inc. (CERO) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
