Cerus Corp (NASDAQ:CERS) has a beta value of 1.20 and has seen 2.05 million shares traded in the last trading session. The company, currently valued at $273.30M, closed the last trade at $1.52 per share which meant it lost -$0.05 on the day or -3.18% during that session. The CERS stock price is -70.39% off its 52-week high price of $2.59 and 12.5% above the 52-week low of $1.33. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.09 million shares traded. The 3-month trading volume is 1.28 million shares.
The consensus among analysts is that Cerus Corp (CERS) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.01.
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Cerus Corp (NASDAQ:CERS) trade information
Sporting -3.18% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CERS stock price touched $1.52 or saw a rise of 16.94%. Year-to-date, Cerus Corp shares have moved -29.63%, while the 5-day performance has seen it change -8.98%. Over the past 30 days, the shares of Cerus Corp (NASDAQ:CERS) have changed -9.52%. Short interest in the company has seen 7.35 million shares shorted with days to cover at 5.86.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 62.0% from current levels. The projected low price target is $3.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -228.95% off the targeted high while a plunge would see the stock gain -97.37% from current levels.
Cerus Corp (CERS) estimates and forecasts
Figures show that Cerus Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -6.17% over the past 6 months, with this year growth rate of 35.00%, compared to 11.60% for the industry. Revenue growth from the last financial year stood is estimated to be 24.00%.
5 analysts offering their estimates for the company have set an average revenue estimate of 52.7M for the current quarter. 3 have an estimated revenue figure of 47.99M for the next ending quarter. Year-ago sales stood 46.77M and 38.37M respectively for this quarter and the next, and analysts expect sales will grow by 12.70% for the current quarter and 24.00% 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 on 2025-Mar-03 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 3.27% of the company shares, while shares held by institutions stand at 75.06% with a share float percentage of 77.60%. Investors are also buoyed by the number of investors in a company, with Cerus Corp having a total of 179.0 institutions that hold shares in the company. The top two institutional holders are ARK INVESTMENT MANAGEMENT LLC with over 19.9 million shares worth more than $35.02 million. As of 2024-06-30, ARK INVESTMENT MANAGEMENT LLC held 10.9288% of shares outstanding.
The other major institutional holder is BAKER BROS. ADVISORS LP, with the holding of over 19.48 million shares as of 2024-06-30. The firm’s total holdings are worth over $34.28 million and represent 10.6965% of shares outstanding.
