A share price of Cerus Corp. [CERS] is currently trading at $2.14, down -2.28%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CERS shares have gain 7.54% over the last week, with a monthly amount drifted -9.32%, and not seem to be holding up well over a long-time horizon.
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On 5, March 2024, Cerus Corporation Announces Fourth Quarter and Full-Year 2023 Financial Results. In a post published today on Yahoo Finance, Sequential Revenue Growth in the Fourth Quarter Driven by Sales in North America.
From an analyst’s perspective:
Cerus Corp. [NASDAQ: CERS] stock has seen the most recent analyst activity on January 20, 2023, when BTIG Research downgraded its rating to a Neutral. Previously, Stephens downgraded its rating to Equal-Weight on January 17, 2023, and kept the price target unchanged to $3.75. BTIG Research initiated its recommendation with a Buy and recommended $7 as its price target on February 26, 2020. BTIG Research upgraded its rating to Buy for this stock on November 13, 2019, but kept the price target unchanged to $7. In a note dated August 28, 2019, Stifel initiated an Buy rating.
Cerus Corp. experienced fluctuations in its stock price throughout the past year between $1.21 and $3.08. Cerus Corp. [NASDAQ: CERS] shares were valued at $2.14 at the most recent close of the market.
Analyzing the CERS fundamentals
Trailing Twelve Months sales for Cerus Corp. [NASDAQ:CERS] were 156.37M which represents 6.21% growth. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.23%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.71 and Total Capital is -0.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.56.
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 2.10 points at the first support level, and at 2.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.18, and for the 2nd resistance point, it is at 2.23.
Cerus Corp. [CERS] reported earnings per share of -$0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of $0.01 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.04 per share as compared to estimates of -$0.05 per share, a difference of $0.01 representing a surprise of 20.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cerus Corp. [NASDAQ:CERS] is 2.14. In addition, the Quick Ratio stands at 1.55 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 7.37.
Transactions by insiders
Recent insider trading involved Benjamin Richard J, Chief Medical Officer, that happened on Mar 08 ’24 when 29378.0 shares were sold. Director, BJERKHOLT ERIC completed a deal on Dec 13 ’23 to buy 10000.0 shares. Meanwhile, Director Lucena Ann bought 7500.0 shares on Aug 22 ’23.
