Cerus Corp (NASDAQ:CERS) price on Wednesday, December 04, rose 1.13% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.79.
A look at the stock’s price movement, the close in the last trading session was $1.77, moving within a range at $1.715 and $1.84. The beta value (5-Year monthly) was 1.2. Turning to its 52-week performance, $2.59 and $1.38 were the 52-week high and 52-week low respectively. Overall, CERS moved 14.74% over the past month.
Cerus Corp’s market cap currently stands at around $332.43 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 50.69M for the company’s revenue for the quarter, with a low and high estimate of 48.6M and 53.41M respectively. The average forecast suggests up to a 8.38% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 186.18M, representing a 19.06% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CERS is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend CERS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CERS’s current price about -0.11% and 2.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.03, while 7-day volatility ratio is 6.06% and 6.61% in the 30-day chart. Further, Cerus Corp (CERS) has a beta value of 1.25, and an average true range (ATR) of 0.12. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -67.6% off current price level while to achieve the yearly target high, price needs to move -67.6%. Nonetheless, investors will most likely welcome a -67.6% jump to $3 which is the analysts’ median price.
If we refocus on Cerus Corp (NASDAQ:CERS), historical trading data shows that trading volumes averaged 1.01 over the past 10 days and 1.47 million over the past 3 months. The company’s latest data on shares outstanding shows there are 185.63 million shares.
The 5.05% of Cerus Corp’s shares are in the hands of company insiders while institutional holders own 79.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.92 million on 2024-11-15, giving us a short ratio of 3.21. The data shows that as of 2024-11-15 short interest in Cerus Corp (CERS) stood at 497.0 of shares outstanding, with shares short falling to 7.35 million registered in 2024-10-15. Current price change has pushed the stock -17.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CERS stock continues to rise going into the next quarter.
