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Why Cerevel Therapeutics Holdings Inc (CERE) Stock Could See Much Higher Prices Ahead

Cerevel Therapeutics Holdings Inc (NASDAQ: CERE) is -5.02% lower on its value in year-to-date trading and has touched a low of $19.59 and a high of $43.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CERE stock was last observed hovering at around $40.02 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $40.27, the stock is -2.65% and -3.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 0.62% at the moment leaves the stock 14.54% off its SMA200. CERE registered 19.60% gain for a year compared to 6-month gain of -2.09%.

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The stock witnessed a -4.80% loss in the last 1 month and extending the period to 3 months gives it a -2.80%, and is -0.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.55% over the week and 1.14% over the month.

Cerevel Therapeutics Holdings Inc (CERE) has around 334 employees, a market worth around $7.34B and $0.00M in sales. Distance from 52-week low is 105.56% and -7.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.14%).

The EPS is expected to shrink by -0.31% this year.

Cerevel Therapeutics Holdings Inc (CERE) Top Institutional Holders

The shares outstanding are 181.36M, and float is at 87.31M with Short Float at 8.14%.

Cerevel Therapeutics Holdings Inc (CERE) Insider Activity

The most recent transaction is an insider sale by COLES N ANTHONY,the company’sDirector. SEC filings show that COLES N ANTHONY sold 50,000 shares of the company’s common stock on Jun 03 ’24 at a price of $40.61 per share for a total of $2.03 million. Following the sale, the insider now owns 15638.0 shares.

Cerevel Therapeutics Holdings Inc disclosed in a document filed with the SEC on May 10 ’24 that COLES N ANTHONY (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on May 10 ’24 and was made at $42.10 per share for $2.11 million. Following the transaction, the insider now directly holds 15638.0 shares of the CERE stock.

Still, SEC filings show that on Apr 01 ’24, COLES N ANTHONY (Director) disposed off 50,000 shares at an average price of $42.33 for $2.12 million. The insider now directly holds 15,638 shares of Cerevel Therapeutics Holdings Inc (CERE).

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