Cerecor Inc. (NASDAQ:CERC) has a beta value of 1.5 and has seen 1,211,750 shares traded in the last trading session. The company, currently valued at $283.74 Million, closed the last trade at $3.14 per share which meant it gained $0.36 on the day or 12.95% during that session. The CERC stock price is -43.31% off its 52-week high price of $4.5 and 37.26% above the 52-week low of $1.97. If we look at the company’s 10-day average daily trading volume, we find that it stood at 215.97 Million shares traded. The 3-month trading volume is 978.03 Million shares.
The consensus among analysts is that Cerecor Inc. (CERC) is a Buy stock at the moment, with a recommendation rating of 1.3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 3 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.19.
Cerecor Inc. (NASDAQ:CERC) trade information
Sporting 12.95% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 30 when the CERC stock price touched $3.17-0 or saw a rise of 0.95%. Year-to-date, Cerecor Inc. shares have moved 18.94%, while the 5-day performance has seen it change 23.14%. Over the past 30 days, the shares of Cerecor Inc. (NASDAQ:CERC) have changed 8.28%. Short interest in the company has seen 1.69 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $6.67, which means that the shares’ value could jump 112.42% from current levels. The projected low price target is $4 while the price target rests at a high of $9. In that case, then, we find that the current price level is +186.62% off the targeted high while a plunge would see the stock lose 27.39% from current levels.
Cerecor Inc. (CERC) estimates and forecasts
Figures show that Cerecor Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +50.96% over the past 6 months, with this year growth rate of -21.05%, compared to 8.1% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 44.1% and 15.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be +135.7%.
4 analysts offering their estimates for the company have set an average revenue estimate of $3.78 Million for the current quarter. 4 have an estimated revenue figure of $4.2 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $2.75 Million and $1.34 Million respectively for this quarter and the next, and analysts expect sales will grow by 37.3% for the current quarter and 213.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +4.5% over the past 5 years. Earnings growth for 2021 is a modest -154.4%.
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Cerecor Inc. (NASDAQ:CERC)’s Major holders
Insiders own 0.78% of the company shares, while shares held by institutions stand at 66.17% with a share float percentage of 66.69%. Investors are also buoyed by the number of investors in a company, with Cerecor Inc. having a total of 88 institutions that hold shares in the company. The top two institutional holders are Armistice Capital, LLC with over 30.13 Million shares worth more than $79.55 Million. As of December 30, 2020, Armistice Capital, LLC held 31.57% of shares outstanding.
The other major institutional holder is Nantahala Capital Management, LLC, with the holding of over 6.23 Million shares as of December 30, 2020. The firm’s total holdings are worth over $16.46 Million and represent 6.53% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and iShares Russell 2000 ETF. As of December 30, 2020, the former fund manager holds about 1.11% shares in the company for having 1057944 shares of worth $2.79 Million while later fund manager owns 964.27 Thousand shares of worth $2.91 Million as of March 30, 2021, which makes it owner of about 1.01% of company’s outstanding stock.