As of Thursday close, Cerus Corporation’s (NASDAQ:CERS) stock was down -$0.53, moving down -17.98 percent to $2.44. The average number of shares traded per day over the past five days has been 1,448,180 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.37 fall in that time frame. In the last twenty days, the average volume was 1,194,305, while in the previous 50 days, it was 1,298,124.
Since last month, CERS stock rose 7.96%. Shares of the company fell to $2.03 on 07/07/23, the lowest level in the past month. A 52-week high of $5.93 was reached on 01/05/23 after having rallying from a 52-week low of $1.76. Since the beginning of this year, CERS’s stock price has dropped by -33.15% or -$1.21, and marked a new high 3 times. However, the stock has declined by -58.85% since its 52-week high.
CERS stock investors should be aware that Cerus Corporation (CERS) stock had its last reported insider trading activity 70 days ago on May 26. Swisher Daniel N JR, the Director of the company, purchased of 5,000 shares for $1.91 on May 26. It resulted in a $9,535 investment by the insider. SCHULZE GAIL added 9,850 shares at an average price of $2.03 on May 24. The insider now owns 83,420 shares following the transaction. On May 23, Director BJERKHOLT ERIC bought 5,000 shares at $2.00 apiece. The transaction was valued at $10,000.
Valuation Metrics
The stock’s beta is 1.05. Besides these, the trailing price-to-sales (P/S) ratio of 2.28, the price-to-book (PB) ratio of 7.39.
Financial Health
In the three months ended June 29, Cerus Corporation’s quick ratio stood at 1.60, while its current ratio was 2.10, 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 June 29 was 0.94, and the total debt-to-equity ratio was 1.24. On the profitability front, the trailing twelve-month gross margin is 61.60% percent. In the year ended June 29, EBITDA margin amounted to -34.43%, whereas operating margins totaled -20.90%. Based on annual data, CERS earned $113.36 million in gross profit and brought in $188.31 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 -25.20%. Return on equity (ROE) for the past 12 months was -67.00%.
In Cerus Corporation’s quarter-end financial report for June 29, it reported total debt of $54.83 million against cash and short-term investments of $67.08 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 fell -83.44% to $106.59 million during the quarter, while net income inched up to $30.97 million. While analysts expected Cerus Corporation to report -$0.06 quarterly earnings, the actual figure was -$0.06 per share. During the quarter, the company generated -$13.51 million in EBITDA. The liabilities of Cerus Corporation were 149.77 million at the end of its most recent quarter ended June 29, and its total debt was $88.01 million. The value of shareholders’ equity is $180.55 million.
Technical Picture
This quick technical analysis looks at Cerus Corporation’s (CERS) price momentum. With a historical volatility rate of 110.93%, the RSI 9-day stood at 35.50% on 03 August.
With respect to its five-day moving average, the current Cerus Corporation price is down by -13.17% percent or -$0.37. At present, CERS shares trade +18.45% above its 20-day simple moving average and -12.86% percent below its 100-day simple moving average. However, the stock is currently trading approximately +23.23% above its SMA50 and -29.07% below its SMA200.
Stochastic coefficient K was 58.70% and Stochastic coefficient D was 80.13%, while ATR was 0.20. Given the Stochastic reading of 7.25% for the 14-day period, the RSI (14) reading has been calculated as 42.30%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.04.
Analyst Ratings
Cerus Corporation downgraded its rating on Cerus Corporation (NASDAQ: CERS) to a Neutral in a note to investors on January 20, 2023. The analysts firm previously had a Buy rating on the stock.Cerus Corporation (CERS) has been rated Overweight by analysts. According to 0 brokerage firms, CERS is a sell, and 2 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 3 recommending it as overweight.
With a median target price of $7.50, the current consensus forecast for the stock is $3.00 – $11.50. Based on these forecasts, analysts predict Cerus Corporation (CERS) will achieve an average price target of $7.38.
