During the last session, Cerus Corp (NASDAQ:CERS)’s traded shares were 2.78 million, with the beta value of the company hitting 1.19. At the end of the trading day, the stock’s price was $1.57, reflecting an intraday loss of -8.72% or -$0.15. The 52-week high for the CERS share is $2.59, that puts it down -64.97 from that peak though still a striking 15.92% gain since the share price plummeted to a 52-week low of $1.32. The company’s market capitalization is $290.92M, and the average intraday trading volume over the past 10 days was 2.05 million shares, and the average trade volume was 1.26 million shares over the past three months.
Cerus Corp (CERS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. CERS has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.02.
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Cerus Corp (NASDAQ:CERS) trade information
Cerus Corp (CERS) registered a -8.72% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.72% in intraday trading to $1.57, hitting a weekly high. The stock’s 5-day price performance is -3.68%, and it has moved by -7.10% in 30 days. Based on these gigs, the overall price performance for the year is 12.14%. The short interest in Cerus Corp (NASDAQ:CERS) is 7.35 million shares and it means that shorts have 5.86 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 60.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $5 respectively. As a result, CERS is trading at a discount of -218.47% off the target high and -91.08% off the low.
Cerus Corp (CERS) estimates and forecasts
Statistics show that Cerus Corp has outperformed its competitors in share price, compared to the industry in which it operates. Cerus Corp (CERS) shares have gone down -10.80% during the last six months, with a year-to-date growth rate more than the industry average at 35.00% against 11.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -100.00% this quarter and then jump 20.00% in the quarter after that. In the rating firms’ projections, revenue will increase 21.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 50.5M as predicted by 5 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 44.28M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 46.77M and 38.37M respectively. In this case, analysts expect current quarter sales to grow by 8.00% and then jump by 15.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.81%. While earnings are projected to return 44.76% in 2024.
CERS Dividends
Cerus Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cerus Corp (NASDAQ:CERS)’s Major holders
Cerus Corp insiders own 3.28% of total outstanding shares while institutional holders control 75.99%, with the float percentage being 78.56%. ARK INVESTMENT MANAGEMENT LLC is the largest shareholder of the company, while 177.0 institutions own stock in it. As of 2024-06-30, the company held over 19.9 million shares (or 10.9288% of all shares), a total value of $35.02 million in shares.
The next largest institutional holding, with 19.48 million shares, is of BAKER BROS. ADVISORS LP’s that is approximately 10.6965% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $34.28 million.
