Cerus Corp. (NASDAQ:CERS)’s traded shares stood at 1.23 million during the last session, with the company’s beta value hitting 1.29. At the close of trading, the stock’s price was $1.79, to imply an increase of 2.87% or $0.05 in intraday trading. The CERS share’s 52-week high remains $3.08, putting it -72.07% down since that peak but still an impressive 32.4% since price per share fell to its 52-week low of $1.21. The company has a valuation of $324.49M, with an average of 3.72 million shares in intraday trading volume over the past 10 days and average of 1.67 million shares over the past 3 months.
Cerus Corp. (NASDAQ:CERS) trade information
After registering a 2.87% upside in the last session, Cerus Corp. (CERS) has traded red over the past five days. The stock hit a weekly high of 2.0300, jumping 2.87% in its intraday price action. The 5-day price performance for the stock is -9.14%, and -21.49% over 30 days. With these gigs, the year-to-date price performance is -17.13%. Short interest in Cerus Corp. (NASDAQ:CERS) saw shorts transact 4.5 million shares and set a 3.81 days time to cover.
Cerus Corp. (CERS) estimates and forecasts
Looking at statistics comparing Cerus Corp. share performance against respective industry, we note that the company has outperformed competitors. Cerus Corp. (CERS) shares are 16.23% up over the last 6 months, with its year-to-date growth rate higher than industry average at 50.00% against 17.10%. Revenue is forecast to grow 44.40% this quarter before jumping 57.10% for the next one. The rating firms project that company’s revenue will grow 21.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is $40.78 million. Meanwhile, for the quarter ending Jun 2024, a total of 5 analyst(s) estimate revenue growth to $46.85 million.Earnings reports from the last fiscal year show that sales brought in $30.97 million and $38.85 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 31.70% before jumping 20.60% in the following quarter.
CERS Dividends
Cerus Corp. has its next earnings report out between May 02 and May 06. 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 Corp. 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 Corp. (NASDAQ:CERS)’s Major holders
Cerus Corp. insiders hold 3.76% of total outstanding shares, with institutional holders owning 74.96% of the shares at 77.89% float percentage. In total, 74.96% institutions holds shares in the company, led by ARK Investment Management, LLC. As of Sep 29, 2023, the company held over 20.06 million shares (or 11.10% of shares), all amounting to roughly $32.5 million.
The next major institution holding the largest number of shares is Baker Brothers Advisors, LLC with 16.07 million shares, or about 8.89% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $39.53 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 Corp. (CERS) shares. Going by data provided on Sep 29, 2023, ARK ETF Tr-ARK Innovation ETF holds roughly 12.48 million shares. This is just over 6.90% of the total shares, with a market valuation of $20.22 million. Data from the same date shows that the other fund manager holds a little less at 8.61 million, or 4.76% of the shares, all valued at about 26.44 million.
