Cerus Corp. (NASDAQ:CERS) has a beta value of 1.31 and has seen 1.51 million shares traded in the last trading session. The company, currently valued at $337.18M, closed the last trade at $1.86 per share which meant it lost -$0.05 on the day or -2.62% during that session. The CERS stock price is -65.59% off its 52-week high price of $3.08 and 34.95% above the 52-week low of $1.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.93 million shares traded. The 3-month trading volume is 1.32 million shares.
Cerus Corp. (NASDAQ:CERS) trade information
Sporting -2.62% in the red in last session, the stock has traded in the red over the last five days, when the CERS stock price touched $1.86 or saw a rise of 15.07%. Year-to-date, Cerus Corp. shares have moved -13.89%, while the 5-day performance has seen it change -15.07%. Over the past 30 days, the shares of Cerus Corp. (NASDAQ:CERS) have changed -22.18%. Short interest in the company has seen 4.5 million shares shorted with days to cover at 3.81.
Cerus Corp. (CERS) estimates and forecasts
Figures show that Cerus Corp. shares have outperformed across the wider relevant industry. The company’s shares have gained 14.11% over the past 6 months, with this year growth rate of 50.00%, compared to 18.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 44.40% and 71.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 23.50%.
4 analysts offering their estimates for the company have set an average revenue estimate of $41.73 million for the current quarter. 4 have an estimated revenue figure of $47.79 million for the next quarter concluding in Jun 2024. Year-ago sales stood $30.97 million and $38.85 million respectively for this quarter and the next, and analysts expect sales will grow by 34.70% for the current quarter and 23.00% 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 13.81% over the past 5 years.
CERS Dividends
Cerus Corp. is expected to release its next earnings report between May 02 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cerus Corp. (NASDAQ:CERS)’s Major holders
Insiders own 3.76% of the company shares, while shares held by institutions stand at 74.96% with a share float percentage of 77.89%. Investors are also buoyed by the number of investors in a company, with Cerus Corp. having a total of 176 institutions that hold shares in the company. The top two institutional holders are ARK Investment Management, LLC with over 20.06 million shares worth more than $32.5 million. As of Sep 29, 2023, ARK Investment Management, LLC held 11.10% of shares outstanding.
The other major institutional holder is Baker Brothers Advisors, LLC, with the holding of over 16.07 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $39.53 million and represent 8.89% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and Primecap Odyssey Aggressive Growth Fund. As of Sep 29, 2023, the former fund manager holds about 6.90% shares in the company for having 12.48 million shares of worth $20.22 million while later fund manager owns 8.61 million shares of worth $26.44 million as of Jul 30, 2023, which makes it owner of about 4.76% of company’s outstanding stock.
