Certara Inc. (NASDAQ:CERT) finished Thursday with a subtraction of -$1.37 to close at $16.55, a downside of -7.65 percent. An average of 1,024,060 shares of common stock have been traded in the last five days. There was a fall of -$1.70 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 663,150 shares traded, while the 50-day average volume stands at 1,096,740.
CERT stock has decreased by -13.31% in the last month. The company shares reached their 1-month lowest point of $14.71 on 08/10/23. With the stock rallying to its 52-week high on 04/21/23, shares of the company touched a low of $10.60 and a high of $24.96 in 52 weeks. It has reached a new high 15 times so far this year and achieved 2.99% or $0.48 in price. In spite of this, the price is down -33.69% from the 52-week high.
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Insider Transactions
CERT stock investors should be aware that Certara Inc. (CERT) stock had its last reported insider trading activity 67 days ago on Jun 05. In this transaction, the insider spent $411,691. SVP AND GENERAL COUNSEL, Traynor Richard M., disposed of 5,000 shares at a price of $20.82 on May 11. The insider now owns more than $104,100 worth of shares. Prior to that, SVP AND GENERAL COUNSEL Traynor Richard M. went on to Sale 5,000 shares at $23.66 each on Apr 14. An amount of $118,300 was transacted.
Valuation Metrics
Certara Inc. (CERT) has a trailing price-to-earnings (P/E) ratio of 188.07. The stock’s beta is 1.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.62, the price-to-book (PB) ratio at 2.41, and the price-to-cash flow ratio at 32.77.
Financial Health
The quick ratio of Certara Inc. for the three months ended June 29 was 3.70, and the current ratio was 3.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.27 and a total debt to equity ratio of 0.27 for the quarter ending June 29. Its gross profit as reported stood at $203.07 million compared to revenue of $335.64 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Certara Inc.’s return on assets was 0.90%.
Earnings Surprise
For the three-month period that ended June 29, Certara Inc. had $289.1 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $4.71 million in the quarter, while revenues of $1.36 million were grew 112.53%. The analyst consensus anticipated Certara Inc.’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.12, a -7.70% surprise. For the quarter, EBITDA amounted to $26.95 million. Shareholders own equity worth $159.78 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Certara Inc. (CERT) price momentum. RSI 9-day as of the close on 10 August was 23.61%, suggesting the stock is oversold, with historical volatility in this time frame at 40.06%.
As of today, CERT’s price is $17.93 -9.32% or -$1.70 from its 5-day moving average. CERT is currently trading -12.11% lower than its 20-day SMA and -26.12% lower than its 100-day SMA. However, the stock’s current price level is -21.86% below the SMA50 and +46.07% above the SMA200.
The stochastic %K and %D were 30.24% and 27.21%, respectively, and the average true range (ATR) was 0.99. With the 14-day stochastic at 37.55% and the average true range at 0.89, the RSI (14) stands at 31.59%. The stock has reached -0.72 on the 9-day MACD Oscillator while the 14-day reading was at -0.94.
Analyst Ratings
William Blair downgraded Certara Inc. (NASDAQ: CERT) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Certara Inc. (CERT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CERT, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is CERT’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $27.00, with a median target of $21.00. Taking a look at these predictions, the average price target given by analysts for Certara Inc. (CERT) stock is $20.94.
