Cerus Corp. (NASDAQ:CERS)’s traded shares stood at 2.58 million during the last session, with the company’s beta value hitting 1.19. At the close of trading, the stock’s price was $1.67, to imply an increase of 2.45% or $0.04 in intraday trading. The CERS share’s 52-week high remains $2.59, putting it -55.09% down since that peak but still an impressive 25.15% since price per share fell to its 52-week low of $1.25. The company has a valuation of $309.45M, with an average of 2.0 million shares in intraday trading volume over the past 10 days and average of 1.15 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cerus Corp. (CERS), translating to a mean rating of 1.67. Of 2 analyst(s) looking at the stock, 0 analyst(s) give CERS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 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 -0.03.
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Cerus Corp. (NASDAQ:CERS) trade information
After registering a 2.45% upside in the last session, Cerus Corp. (CERS) has traded red over the past five days. The 5-day price performance for the stock is -1.76%, and -6.18% over 30 days. With these gigs, the year-to-date price performance is -22.69%. Short interest in Cerus Corp. (NASDAQ:CERS) saw shorts transact 7.04 million shares and set a 8.05 days time to cover.
The extremes give us $3 and $5 for target low and target high price respectively. As such, CERS has been trading -199.4% off suggested target high and -79.64% from its likely low.
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 -2.34% down over the last 6 months, with its year-to-date growth rate higher than industry average at 35.00% against 11.50%. Revenue is forecast to grow 25.00% this quarter before falling -100.00% for the next one. The rating firms project that company’s revenue will grow 21.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 47.33M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 50.5M.Earnings reports from the last fiscal year show that sales brought in 39.77M and 46.77M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 19.00% before jumping 8.00% in the following quarter.
CERS Dividends
Cerus Corp. has its next earnings report out on 2024-Oct-30. 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. (NASDAQ:CERS)’s Major holders
Cerus Corp. insiders hold 3.28% of total outstanding shares, with institutional holders owning 76.00% of the shares at 78.58% float percentage. In total, 76.00% institutions holds shares in the company, led by ARK INVESTMENT MANAGEMENT LLC. As of 2024-06-30, the company held over 19.9 million shares (or 10.9288% of shares), all amounting to roughly $35.02 million.
The next major institution holding the largest number of shares is BAKER BROS. ADVISORS LP with 19.48 million shares, or about 10.6965% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $34.28 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 30, 2024 , ARK ETF Tr-ARK Innovation ETF holds roughly 9.43 shares. This is just over 5.09% of the total shares, with a market valuation of $15.75 million. Data from the same date shows that the other fund manager holds a little less at 8.58, or 4.63% of the shares, all valued at about 14.34 million.
