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The closing price of Cerus Corp. (NASDAQ: CERS) was $1.67 for the day, up 2.45% from the previous closing price of $1.63. In other words, the price has increased by $2.45 from its previous closing price. On the day, 2.58 million shares were traded. CERS stock price reached its highest trading level at $1.74 during the session, while it also had its lowest trading level at $1.62.
Ratios:
Our analysis of CERS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.83 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 1.99 whereas as Long-Term Debt/Eq ratio is at 1.57.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 04 ’24 when Green Kevin Dennis sold 54,272 shares for $2.15 per share. The transaction valued at 116,826 led to the insider holds 536,093 shares of the business.
Green Kevin Dennis sold 28,385 shares of CERS for $61,919 on Sep 03 ’24. The Chief Financial Officer now owns 590,365 shares after completing the transaction at $2.18 per share. On Sep 04 ’24, another insider, KEVIN D GREEN, who serves as the Officer of the company, bought 54,272 shares for $2.15 each.
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 309445984 and an Enterprise Value of 337736352. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 6.25. Its current Enterprise Value per Revenue stands at 1.987 whereas that against EBITDA is -28.035.
Stock Price History:
Over the past 52 weeks, CERS has reached a high of $2.59, while it has fallen to a 52-week low of $1.25. The 50-Day Moving Average of the stock is -13.35%, while the 200-Day Moving Average is calculated to be -14.30%.
Shares Statistics:
CERS traded an average of 1.15M shares per day over the past three months and 2129220 shares per day over the past ten days. A total of 181.25M shares are outstanding, with a floating share count of 175.94M. Insiders hold about 5.05% of the company’s shares, while institutions hold 76.04% stake in the company. Shares short for CERS as of 1728950400 were 7351334 with a Short Ratio of 6.40, compared to 1726185600 on 6632728. Therefore, it implies a Short% of Shares Outstanding of 7351334 and a Short% of Float of 5.3000003.
