Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Cerus Corp. (NASDAQ: CERS) closed the day trading at $1.69 up 0.60% from the previous closing price of $1.68. In other words, the price has increased by $0.60 from its previous closing price. On the day, 0.82 million shares were traded. CERS stock price reached its highest trading level at $1.73 during the session, while it also had its lowest trading level at $1.665.
Ratios:
For a better understanding of CERS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 2.14. In the meantime, Its Debt-to-Equity ratio is 1.82 whereas as Long-Term Debt/Eq ratio is at 1.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on April 12, 2024, initiated with a Buy rating and assigned the stock a target price of $5.
Stephens Downgraded its Overweight to Equal-Weight on January 17, 2023, while the target price for the stock was maintained at $3.75.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 14 ’24 when Greenman William Mariner sold 63,611 shares for $2.02 per share. The transaction valued at 128,195 led to the insider holds 3,181,281 shares of the business.
Jayaraman Vivek K sold 26,794 shares of CERS for $52,902 on Mar 14 ’24. The Chief Operating Officer now owns 878,653 shares after completing the transaction at $1.97 per share. On Mar 14 ’24, another insider, Green Kevin Dennis, who serves as the Chief Financial Officer of the company, sold 21,497 shares for $1.97 each. As a result, the insider received 42,444 and left with 618,750 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CERS now has a Market Capitalization of 306368288 and an Enterprise Value of 335495968. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 5.82. Its current Enterprise Value per Revenue stands at 2.146 whereas that against EBITDA is -14.14.
Stock Price History:
The Beta on a monthly basis for CERS is 1.30, which has changed by -0.31707317 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, CERS has reached a high of $3.08, while it has fallen to a 52-week low of $1.21. The 50-Day Moving Average of the stock is -16.39%, while the 200-Day Moving Average is calculated to be -11.26%.
Shares Statistics:
Over the past 3-months, CERS traded about 1.63M shares per day on average, while over the past 10 days, CERS traded about 894210 shares per day. A total of 181.25M shares are outstanding, with a floating share count of 171.96M. Insiders hold about 5.14% of the company’s shares, while institutions hold 78.90% stake in the company. Shares short for CERS as of 1711584000 were 5879140 with a Short Ratio of 3.61, compared to 1709164800 on 4495599. Therefore, it implies a Short% of Shares Outstanding of 5879140 and a Short% of Float of 3.34.
Earnings Estimates
At present, VERS analysts are actively evaluating the performance of Cerus Corp. (CERS) in the stock market.The consensus estimate for the next quarter is $2.18, with high estimates of $1.78 and low estimates of $1.69.
