Cerus Corp (NASDAQ:CERS) has a beta value of 1.29 and has seen 2.72 million shares traded in the last trading session. The company, currently valued at $393.72M, closed the last trade at $2.12 per share which meant it lost -$0.03 on the day or -1.40% during that session. The CERS stock price is -22.17% off its 52-week high price of $2.59 and 34.91% above the 52-week low of $1.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.04 million shares traded. The 3-month trading volume is 1.55 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.
Cerus Corp (NASDAQ:CERS) trade information
Sporting -1.40% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CERS stock price touched $2.12 or saw a rise of 4.93%. Year-to-date, Cerus Corp shares have moved 37.66%, while the 5-day performance has seen it change 14.59%. Over the past 30 days, the shares of Cerus Corp (NASDAQ:CERS) have changed 34.18%. Short interest in the company has seen 8.72 million shares shorted with days to cover at 5.85.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 29.33% from current levels. The projected low price target is $3.0 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -41.51% off the targeted high while a plunge would see the stock gain -41.51% 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 -10.92% over the past 6 months, with this year growth rate of 45.00%, compared to 11.70% for the industry. Revenue growth from the last financial year stood is estimated to be 14.22%.
1 analysts offering their estimates for the company have set an average revenue estimate of 49.2M for the current quarter. 2 have an estimated revenue figure of 47.45M 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 5.20% for the current quarter and 14.22% 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 in February 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 3.25% of the company shares, while shares held by institutions stand at 79.29% with a share float percentage of 81.95%. Investors are also buoyed by the number of investors in a company, with Cerus Corp having a total of 184.0 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.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Innovation ETF and ARK ETF Tr-ARK Genomic Revolution ETF . As of Nov 30, 2024 , the former fund manager holds about 6.84% shares in the company for having 12.71 shares of worth $26.94 million while later fund manager owns 7.88 shares of worth $16.7 million as of Nov 30, 2024 , which makes it owner of about 4.24% of company’s outstanding stock.
