Detailed Review Of Prospects For Cerus Corporation Stock

As of right now, Cerus Corporation [CERS] is trading at $3.99, down -3.86%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CERS shares have gain 7.84% over the last week, with a monthly amount glided 18.05%, and seem to be holding up well over a long-time horizon.

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On 4, November 2022, Cerus Corporation to Participate in Upcoming Investor Conferences. In a post published today on Yahoo Finance, Cerus Corporation (Nasdaq: CERS) announced today that Vivek Jayaraman, Cerus’ chief operating officer, is scheduled to participate in two conferences:.

From an analyst’s perspective:

On February 26, 2020, BTIG Research initiated with a Buy rating and assigned a price target of $7 on the stock. BTIG Research upgraded its rating to a Buy but stick to its price target of $7 on November 13, 2019. Stifel initiated its recommendation with a Buy.

Through the last year, Cerus Corporation’s stock price ranged from $3.25 to $7.20. Currently, Wall Street analysts expect the stock to reach $8.70 within the next 12 months. Cerus Corporation [NASDAQ: CERS] shares were valued at $3.99 at the most recent close of the market. An investor can expect a potential return of 118.05% based on the average CERS price forecast.

Analyzing the CERS fundamentals

For Cerus Corporation, (CERS), the latest quarter sales were 39.57 billion, which represents an 10.00% increase. Gross Margin for this corporation currently stands at +49.58% with Operating Margin at -59.30%, Pretax Margin comes in at -41.31%, and Net Margin reading is -41.55%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.90 points at the first support level, and at 3.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.14, and for the 2nd resistance point, it is at 4.28.

Cerus Corporation [CERS] reported earnings per share of -$0.05 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.07/share, meaning a difference of $0.02 and a surprise factor of 28.60%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.07 per share as compared to estimates of -$0.09 per share, a difference of $0.02 representing a surprise of 22.20%.

Ratios To Look Out For

It is important to note that Cerus Corporation [NASDAQ:CERS] has a current ratio of 1.70. Further, the Quick Ratio stands at 2.04, while the Cash Ratio is 1.65. Considering the valuation of this stock, the price to sales ratio is 8.91, the price to book ratio is 13.98.

Transactions by insiders

Insider trading, which has resulted in 1 insider purchases of 12,500 shares and 1 insider sales of 12,500 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Swisher Daniel N JR, Director, that happened on Nov 10 when 12500.0 shares were sold. Chief Legal Officer, Menard Chrystal completed a deal on Aug 15 to sell 10000.0 shares. Meanwhile, Chief Medical Officer Benjamin Richard J sold 10000.0 shares on Aug 09.