While Cerus Corp has underperformed by -6.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CERS fell by -21.03%, with highs and lows ranging from $2.59 to $1.38, whereas the simple moving average fell by -10.82% in the last 200 days.
On April 12, 2024, Craig Hallum started tracking Cerus Corp (NASDAQ: CERS) recommending Buy. A report published by BTIG Research on January 20, 2023, Downgraded its rating to ‘Neutral’ for CERS. Stephens also Downgraded CERS shares as ‘Equal-Weight’, setting a target price of $3.75 on the company’s shares in a report dated January 17, 2023. BTIG Research Initiated an Buy rating on October 08, 2020, and assigned a price target of $9. Cantor Fitzgerald initiated its ‘Overweight’ rating for CERS, as published in its report on June 16, 2020. BTIG Research’s report from February 26, 2020 suggests a price prediction of $7 for CERS shares, giving the stock a ‘Buy’ rating. BTIG Research also rated the stock as ‘Buy’.
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Analysis of Cerus Corp (CERS)
Further, the quarter-over-quarter increase in sales is 15.70%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Cerus Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -38.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.92, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.53M can be a very valuable indicator of volatility for CERS stock. On a monthly basis, the volatility of the stock is set at 5.61%, whereas on a weekly basis, it is put at 5.54%, with a loss of -6.63% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.90, showing growth from the present price of $1.69, which can serve as yet another indication of whether CERS is worth investing in or should be passed over.
How Do You Analyze Cerus Corp Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.04%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 79.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CERS shares are owned by institutional investors to the tune of 79.28% at present.
