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After finishing at $1.72 in the prior trading day, Cerus Corp (NASDAQ: CERS) closed at $1.67, down -2.91%. In other words, the price has decreased by -$2.91 from its previous closing price. On the day, 1.01 million shares were traded. CERS stock price reached its highest trading level at $1.75 during the session, while it also had its lowest trading level at $1.65.
Ratios:
Our goal is to gain a better understanding of CERS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.92 and its Current Ratio is at 2.59. In the meantime, Its Debt-to-Equity ratio is 1.83 whereas as Long-Term Debt/Eq ratio is at 1.44.
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 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 310144064 and an Enterprise Value of 342555520. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 5.80. Its current Enterprise Value per Revenue stands at 1.944 whereas that against EBITDA is -35.572.
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 $1.38. The 50-Day Moving Average of the stock is -5.87%, while the 200-Day Moving Average is calculated to be -13.99%.
Shares Statistics:
The stock has traded on average 1.41M shares per day over the past 3-months and 1917210 shares per day over the last 10 days, according to various share statistics. A total of 181.25M shares are outstanding, with a floating share count of 176.34M. Insiders hold about 5.05% of the company’s shares, while institutions hold 79.26% stake in the company. Shares short for CERS as of 1730332800 were 7930870 with a Short Ratio of 5.62, compared to 1727654400 on 7035461. Therefore, it implies a Short% of Shares Outstanding of 7930870 and a Short% of Float of 5.6999996.
