Cerus Corp. (NASDAQ: CERS) is -17.59% lower on its value in year-to-date trading and has touched a low of $1.21 and a high of $2.59 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 CERS stock was last observed hovering at around $1.97 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $1.78, the stock is -17.36% and -18.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.9 million and changing -9.64% at the moment leaves the stock -10.15% off its SMA200. CERS registered 11.25% gain for a year compared to 6-month gain of -12.75%.
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The stock witnessed a -23.61% loss in the last 1 month and extending the period to 3 months gives it a 5.33%, and is -13.17% 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 6.19% over the week and 5.38% over the month.
Cerus Corp. (CERS) has around 288 employees, a market worth around $329.83M and $169.98M in sales. Profit margin for the company is -14.15%. Distance from 52-week low is 47.72% and -31.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.91%).
The EPS is expected to grow by 38.10% this year
184.0 institutions hold shares in Cerus Corp. (CERS), with institutional investors hold 79.08% of the company’s shares. The shares outstanding are 181.25M, and float is at 175.94M with Short Float at 3.64%. Institutions hold 76.49% of the Float.
The top institutional shareholder in the company is ARK INVESTMENT MANAGEMENT LLC with over 19.9 million shares valued at $35.02 million. The investor’s holdings represent 10.9288 of the CERS Shares outstanding. As of 2024-06-30, the second largest holder is BAKER BROS. ADVISORS LP with 19.48 million shares valued at $34.28 million to account for 10.6965 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 13.89 million shares representing 7.6292 and valued at over $24.45 million, while VANGUARD GROUP INC holds 5.7573 of the shares totaling 10.48 million with a market value of $18.45 million.
Cerus Corp. (CERS) Insider Activity
The most recent transaction is an insider sale by Green Kevin Dennis, the company’s Chief Financial Officer. SEC filings show that Green Kevin Dennis sold 54,272 shares of the company’s common stock on Sep 04 ’24 at a price of $2.15 per share for a total of $0.12 million. Following the sale, the insider now owns 0.54 million shares.
Cerus Corp. disclosed in a document filed with the SEC on Sep 03 ’24 that Green Kevin Dennis (Chief Financial Officer) sold a total of 28,385 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $2.18 per share for $61919.0. Following the transaction, the insider now directly holds 0.59 million shares of the CERS stock.
Still, SEC filings show that on Sep 04 ’24, KEVIN D GREEN (Officer) Proposed Sale 54,272 shares at an average price of $2.15 for $0.12 million. The insider now directly holds shares of Cerus Corp. (CERS).
