The stock of Cerus Corp. (NASDAQ: CERS) has decreased by -3.81 when compared to last closing price of 1.97.Despite this, the company has seen a loss of -7.56% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-01 that Cerus Corporation (NASDAQ:CERS ) Q2 2024 Earnings Conference Call August 1, 2024 4:30 PM ET Company Participants Jessica Hanover – VP, Corporate Affairs Obi Greenman – President & CEO Vivek Jayaraman – COO Kevin Green – CFO Conference Call Participants Ross Osborne – Cantor Fitzgerald Jacob Johnson – Stephens Eric Anderson – TD Cowen Vidyun Bais – BTIG William Bonello – Craig-Hallum Capital Group Operator Good day, ladies and gentlemen. Thank you for standing by, and welcome to the Cerus Corporation Second Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Cerus Corp. (NASDAQ: CERS) Right Now?
Additionally, the 36-month beta value for CERS is 1.20. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CERS is 175.94M and currently, short sellers hold a 3.64% ratio of that float. The average trading volume of CERS on September 18, 2024 was 907.65K shares.
CERS’s Market Performance
CERS stock saw a decrease of -7.56% in the past week, with a monthly decline of -18.67% and a quarterly a decrease of 12.13%. The volatility ratio for the week is 4.66%, and the volatility levels for the last 30 days are 5.07% for Cerus Corp. (CERS). The simple moving average for the past 20 days is -12.02% for CERS’s stock, with a -4.35% 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 -13.47% 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 -26.69% of loss for the given period.
Volatility was left at 5.07%, however, over the last 30 days, the volatility rate increased by 4.66%, as shares sank -14.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.50% lower at present.
During the last 5 trading sessions, CERS fell by -8.73%, which changed the moving average for the period of 200-days by +16.22% in comparison to the 20-day moving average, which settled at $2.1386. In addition, Cerus Corp. saw -12.27% 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 Green Kevin Dennis, who sale 54,272 shares at the price of $2.15 back on Sep 04 ’24. After this action, Green Kevin Dennis now owns 536,093 shares of Cerus Corp., valued at $116,826 using the latest closing price.
Green Kevin Dennis, the Chief Financial Officer of Cerus Corp., sale 28,385 shares at $2.18 during a trade that took place back on Sep 03 ’24, which means that Green Kevin Dennis is holding 590,365 shares at $61,919 based on the most recent closing price.
Stock Fundamentals for CERS
Current profitability levels for the company are sitting at:
- -0.19 for the present operating margin
- 0.55 for the gross margin
The net margin for Cerus Corp. stands at -0.14. The total capital return value is set at -0.25. Equity return is now at value -47.96, with -12.52 for asset returns.
Based on Cerus Corp. (CERS), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at -0.27. The debt to equity ratio resting at 1.73. The interest coverage ratio of the stock is -3.62.
Currently, EBITDA for the company is -54.35 million with net debt to EBITDA at -2.99. When we switch over and look at the enterprise to sales, we see a ratio of 2.56. The receivables turnover for the company is 7.16for trailing twelve months and the total asset turnover is 0.92. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.51.
Conclusion
In conclusion, Cerus Corp. (CERS) has seen mixed 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’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.
