Cerus Corp. (NASDAQ:CERS) price closed higher on Friday, April 12, jumping 3.24% above its previous close.
A look at the daily price movement shows that the last close reads $1.70. The company’s 5Y monthly beta was ticking 1.30. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.08 and 52-week low of $1.21. The stock subtracted -13.79% on its value in the past month.
Cerus Corp., which has a market valuation of $317.24 million, is expected to release its quarterly earnings report May 02, 2024 – May 06, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CERS a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that CERS’s price is at present -5.69% off the SMA20 and -15.04% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.48, with weekly volatility standing at 6.38%. The indicator jumps to 7.79% when calculated based on the past 30 days. Cerus Corp. (NASDAQ:CERS)’s beta value is holding at 1.30, while the average true range (ATR) indicator is currently reading 0.15. An analysis of the Cerus Corp. (NASDAQ:CERS) stock in terms of its daily trading volume indicates that the 3-month average is 1.64 million.
Current records show that the company has 181.25M in outstanding shares. The insiders’ percentage holdings are 5.14% of outstanding shares while the percentage share held by institutions stands at 74.41%. But the -18.98% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
