So Far This Year, Cerus Corporation (CERS) Reached A New High 1 time

At the last check on Friday, Cerus Corporation’s (NASDAQ:CERS) stock was up $0.28, moving up 5.75 percent to $5.15. The average number of shares traded per day over the past five days has been 2,943,156 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.10 fall in that time frame. In the last twenty days, the average volume was 2,351,129, while in the previous 50 days, it was 1,732,844.


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Since last month, CERS stock retreated -2.01%. Shares of the company fell to $4.38 on 04/22/22, the lowest level in the past month. A 52-week high of $8.06 was reached on 01/04/22 after having rallying from a 52-week low of $4.38. Since the beginning of this year, CERS’s stock price has dropped by -28.49% or -$1.63, and marked a new high 2 times. However, the stock has declined by -36.06% since its 52-week high.

Cerus Corporation (CERS) last reported insider trading activity 3 days ago on May 10. Green Kevin Dennis, the Chief Financial Officer of the company, disposed of 57,335 shares for $4.98 on May 10. It resulted in a $285,373 divestment by the insider. Menard Chrystal sold 30,307 shares at an average price of $5.04 on Mar 14. The insider now owns 149,589 shares following the transaction. On Mar 14, Chief Operating Officer Jayaraman Vivek K sold 41,734 shares at $5.04 apiece. The transaction was valued at $210,320.

Valuation Metrics

The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 4.92, the price-to-book (PB) ratio of 10.47.

Financial Health

In the three months ended March 30, Cerus Corporation’s quick ratio stood at 2.20, while its current ratio was 2.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.69, and the total debt-to-equity ratio was 0.88. On the profitability front, the trailing twelve-month gross margin is 60.20% percent. Based on annual data, CERS earned $96.04 million in gross profit and brought in $159.52 million in revenue.

In Cerus Corporation’s quarter-end financial report for March 30, it reported total debt of $54.77 million against cash and short-term investments of $70.19 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CERS’s revenue rose 37.23% to $39.0 million during the quarter, while net income inched up to $56.81 million. While analysts expected Cerus Corporation to report -$0.09 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by 22.20%. During the quarter, the company generated -$6.15 million in EBITDA. The liabilities of Cerus Corporation were 151.88 million at the end of its most recent quarter ended March 30, and its total debt was $87.59 million. The value of shareholders’ equity is $173.72 million.

Technical Picture

This quick technical analysis looks at Cerus Corporation’s (CERS) price momentum. With a historical volatility rate of 96.26%, the RSI 9-day stood at 56.94% on 12 May.

With respect to its five-day moving average, the current Cerus Corporation price is down by -1.89% percent or -$0.10. At present, CERS shares trade +7.25% above its 20-day simple moving average and -21.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.99% below its SMA50 and +2.78% above its SMA200.

Stochastic coefficient K was 50.48% and Stochastic coefficient D was 48.20%, while ATR was 0.40. Given the Stochastic reading of 82.93% for the 14-day period, the RSI (14) reading has been calculated as 53.88%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at 0.02.

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