The Director Of Cerus Corporation (CERS) Purchased 57,335 Shares

At the last check on Friday, Cerus Corporation’s (NASDAQ:CERS) stock was down -$0.23, moving down -3.95 percent to $5.59. The average number of shares traded per day over the past five days has been 1,242,233 shares. 4 times new highs have been achieved over the past 5 days, with a $0.24 gain in that time frame. In the last twenty days, the average volume was 1,356,908, while in the previous 50 days, it was 1,604,049.

Since last month, CERS stock rose 3.93%. Shares of the company fell to $5.13 on 07/25/22, 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 $4.34. Since the beginning of this year, CERS’s stock price has dropped by -14.54% or -$1.17, and marked a new high 2 times. However, the stock has declined by -30.60% since its 52-week high.

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Cerus Corporation (CERS) last reported insider trading activity 87 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. Moore Carol sold 28,513 shares at an average price of $5.04 on Mar 14. The insider now owns 257,192 shares following the transaction. On Mar 14, Chief Legal Officer Menard Chrystal sold 30,307 shares at $5.04 apiece. The transaction was valued at $152,734.

Valuation Metrics

The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 6.12, the price-to-book (PB) ratio of 12.65.

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 59.30% percent. In the year ended March 30, operating margins totaled -24.50%. Based on annual data, CERS earned $96.04 million in gross profit and brought in $159.52 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -32.00%. Return on equity (ROE) for the past 12 months was -59.90%.

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 lower 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 -$8.98 million in EBITDA. The liabilities of Cerus Corporation were 141.5 million at the end of its most recent quarter ended March 30, and its total debt was $88.53 million. The value of shareholders’ equity is $176.9 million.

Technical Picture

This quick technical analysis looks at Cerus Corporation’s (CERS) price momentum. With a historical volatility rate of 37.10%, the RSI 9-day stood at 52.61% on 04 August.

With respect to its five-day moving average, the current Cerus Corporation price is up by +4.35% percent or $0.24. At present, CERS shares trade -2.68% below its 20-day simple moving average and +14.77% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.67% above its SMA50 and -12.09% below its SMA200.

Stochastic coefficient K was 81.22% and Stochastic coefficient D was 78.73%, while ATR was 0.30. Given the Stochastic reading of 62.93% for the 14-day period, the RSI (14) reading has been calculated as 53.32%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at 0.18.

Analyst Ratings

Cerus Corporation (CERS) has been rated Buy by analysts. According to 0 brokerage firms, CERS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cerus Corporation stock as buy, with 5 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $7.50 – $11.50. Based on these forecasts, analysts predict Cerus Corporation (CERS) will achieve an average price target of $9.40.


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