In the last trading session, 1.1 million shares of the Cerus Corp (NASDAQ:CERS) were traded, and its beta was 1.68. Most recently the company’s share price was $1.49, and it changed around -$0.07 or -4.49% from the last close, which brings the market valuation of the company to $276.83M. CERS currently trades at a discount to its 52-week high of $2.54, offering almost -70.47% off that amount. The share price’s 52-week low was $1.38, which indicates that the current value has risen by an impressive 7.38% since then. We note from Cerus Corp’s average daily trading volume that its 10-day average is 1.68 million shares, with the 3-month average coming to 1.53 million.
Cerus Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended CERS as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Cerus Corp is expected to report earnings per share of -0.05 for the current quarter.
Cerus Corp (NASDAQ:CERS) trade information
Instantly CERS has showed a red trend with a performance of -4.49% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.5900 on recent trading dayincreased the stock’s daily price by 6.29%. The company’s shares are currently down -3.25% year-to-date, but still up 4.20% over the last five days. On the other hand, Cerus Corp (NASDAQ:CERS) is -9.15% down in the 30-day period. We can see from the shorts that 10.24 million shares have been sold at a short interest cover period of 6.86 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 50.33% from its current value. Analyst projections state that CERS is forecast to be at a low of $3 and a high of $3.
Cerus Corp (CERS) estimates and forecasts
The year-over-year growth rate is expected to be 18.86%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 47.44M in revenue for the current quarter. 3 analysts expect Cerus Corp to make 53.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 38.37M and 45.08M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.66%. Forecasts for the next quarter put sales growth at 18.69%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 25.97%.
CERS Dividends
Cerus Corp’s next quarterly earnings report is expected to be released on 2025-Feb-19.
Cerus Corp (NASDAQ:CERS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.25% of Cerus Corp shares, and 76.31% of them are in the hands of institutional investors. The stock currently has a share float of 78.87%. Cerus Corp stock is held by 187.0 institutions, with ARK INVESTMENT MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 10.7579% of the shares, which is about 19.9 million shares worth $35.02 million.
BAKER BROS. ADVISORS LP, with 10.5293% or 19.48 million shares worth $34.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
ARK Innovation ETF and ARK Genomic Revolution ETF were the top two Mutual Funds as of Feb 28, 2025 . The former held 11.69 shares worth $17.42 million, making up 6.29% of all outstanding shares. On the other hand, ARK Genomic Revolution ETF held roughly 7.76 shares worth around $11.57 million, which represents about 4.18% of the total shares outstanding.
