The stock of Cerus Corp (NASDAQ: CERS) has increased by 2.85 when compared to last closing price of 1.58.Despite this, the company has seen a gain of 2.85% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-30 that Cerus Corporation (NASDAQ:CERS ) Q3 2024 Earnings Conference Call October 30, 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 Matthew Park – Cantor Fitzgerald Colin Wells – Stifel Jacob Johnson – Stephens Joshua Jennings – TD Cowan 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 Third 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 1.25. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CERS is 176.39M and currently, short sellers hold a 3.81% ratio of that float. The average trading volume of CERS on December 26, 2024 was 1.55M shares.
CERS’s Market Performance
CERS stock saw a decrease of 2.85% in the past week, with a monthly decline of -10.71% and a quarterly a decrease of -8.71%. The volatility ratio for the week is 6.03%, and the volatility levels for the last 30 days are 5.79% for Cerus Corp (CERS). The simple moving average for the past 20 days is -6.00% for CERS’s stock, with a -13.37% 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 -5.61% 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 -37.14% of loss for the given period.
Volatility was left at 5.79%, however, over the last 30 days, the volatility rate increased by 6.03%, as shares sank -7.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.17% lower at present.
During the last 5 trading sessions, CERS rose by +3.48%, which changed the moving average for the period of 200-days by -23.60% in comparison to the 20-day moving average, which settled at $1.7292. In addition, Cerus Corp saw -24.77% 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 BJERKHOLT ERIC, who sale 20,000 shares at the price of $1.78 back on Dec 12 ’24. After this action, BJERKHOLT ERIC now owns 162,133 shares of Cerus Corp, valued at $35,700 using the latest closing price.
Jensen Chrystal, the Chief Legal Officer of Cerus Corp, sale 16,667 shares at $1.71 during a trade that took place back on Dec 16 ’24, which means that Jensen Chrystal is holding 457,578 shares at $28,501 based on the most recent closing price.
Stock Fundamentals for CERS
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.55 for the gross margin
The net margin for Cerus Corp stands at -0.11. The total capital return value is set at -0.21. Equity return is now at value -38.81, with -9.98 for asset returns.
Based on Cerus Corp (CERS), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 1.6. The interest coverage ratio of the stock is -3.19.
Currently, EBITDA for the company is -26.54 million with net debt to EBITDA at -9.09. When we switch over and look at the enterprise to sales, we see a ratio of 2.18. The receivables turnover for the company is 7.23for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.59.
Conclusion
In conclusion, Cerus Corp (CERS) has seen bad 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.
