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Cerus Corporation (NASDAQ:CERS) Is Worth Considering At $2.95

Cerus Corporation (NASDAQ:CERS)’s traded shares stood at 1.34 million during the last session, with the company’s beta value hitting 1.03. At the close of trading, the stock’s price was $2.95, to imply an increase of 1.72% or $0.05 in intraday trading. The CERS share’s 52-week high remains $5.95, putting it -101.69% down since that peak but still an impressive 20.0% since price per share fell to its 52-week low of $2.36. The company has a valuation of $520.26M, with an average of 2.11 million shares in intraday trading volume over the past 10 days and average of 1.63 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Cerus Corporation (CERS), translating to a mean rating of 2.20. Of 5 analyst(s) looking at the stock, 0 analyst(s) give CERS a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.05.

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Cerus Corporation (NASDAQ:CERS) trade information

After registering a 1.72% upside in the last session, Cerus Corporation (CERS) has traded red over the past five days. The stock hit a weekly high of 3.04 this Thursday, 03/16/23, jumping 1.72% in its intraday price action. The 5-day price performance for the stock is 6.12%, and 1.03% over 30 days. With these gigs, the year-to-date price performance is -19.18%. Short interest in Cerus Corporation (NASDAQ:CERS) saw shorts transact 6.26 million shares and set a 3.75 days time to cover.

Analysts on Wall Street suggest a consensus price target of $7.75, implying an increase of 61.94% to the stock’s current value. The extremes give us $3.50 and $11.50 for target low and target high price respectively. As such, CERS has been trading -289.83% off suggested target high and -18.64% from its likely low.

Cerus Corporation (CERS) estimates and forecasts

Looking at statistics comparing Cerus Corporation share performance against respective industry, we note that the company has outperformed competitors. Cerus Corporation (CERS) shares are -25.51% down over the last 6 months, with its year-to-date growth rate higher than industry average at 16.67% against 9.40%. The rating firms project that company’s revenue will grow 32.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $45.96 million. Meanwhile, for the quarter ending Mar 2023, a total of 2 analyst(s) estimate revenue growth to $40.5 million.Earnings reports from the last fiscal year show that sales brought in $39.87 million and $37.44 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 15.30% before jumping 8.20% in the following quarter.

CERS Dividends

Cerus Corporation has its next earnings report out between May 03 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cerus Corporation has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Cerus Corporation (NASDAQ:CERS)’s Major holders

Cerus Corporation insiders hold 3.21% of total outstanding shares, with institutional holders owning 80.17% of the shares at 82.84% float percentage. In total, 80.17% institutions holds shares in the company, led by Baker Brothers Advisors, LLC. As of Sep 29, 2022, the company held over 16.07 million shares (or 9.06% of shares), all amounting to roughly $57.84 million.

The next major institution holding the largest number of shares is ARK Investment Management, LLC with 15.86 million shares, or about 8.94% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $57.9 million.

We also have ARK ETF Tr-ARK Innovation ETF and Primecap Odyssey Aggressive Growth Fund as the top two Mutual Funds with the largest holdings of the Cerus Corporation (CERS) shares. Going by data provided on Dec 30, 2022, ARK ETF Tr-ARK Innovation ETF holds roughly 11.06 million shares. This is just over 6.23% of the total shares, with a market valuation of $40.38 million. Data from the same date shows that the other fund manager holds a little less at 8.85 million, or 4.99% of the shares, all valued at about 32.3 million.

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