Cerus Corp (NASDAQ:CERS) price on Thursday, April 10, fall -10.79% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.24.
A look at the stock’s price movement, the close in the last trading session was $1.39, moving within a range at $1.22 and $1.315. The beta value (5-Year monthly) was 1.704. Turning to its 52-week performance, $2.54 and $1.12 were the 52-week high and 52-week low respectively. Overall, CERS moved -16.22% over the past month.
Cerus Corp’s market cap currently stands at around $230.38 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 47.44M for the company’s revenue for the quarter, with a low and high estimate of 43.42M and 49.7M respectively. The average forecast suggests up to a 23.66% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 214.27M, representing a 18.86% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CERS is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend CERS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CERS’s current price about -11.59% and -20.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.03, while 7-day volatility ratio is 12.36% and 7.06% in the 30-day chart. Further, Cerus Corp (CERS) has a beta value of 1.56, and an average true range (ATR) of 0.11. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -141.94% off current price level while to achieve the yearly target high, price needs to move -141.94%. Nonetheless, investors will most likely welcome a -141.94% jump to $3 which is the analysts’ median price.
If we refocus on Cerus Corp (NASDAQ:CERS), historical trading data shows that trading volumes averaged 1.53 over the past 10 days and 1.54 million over the past 3 months. The company’s latest data on shares outstanding shows there are 185.77 million shares.
The 6.52% of Cerus Corp’s shares are in the hands of company insiders while institutional holders own 76.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.24 million on 2025-03-14, giving us a short ratio of 6.86. The data shows that as of 2025-03-14 short interest in Cerus Corp (CERS) stood at 735.0 of shares outstanding, with shares short rising to 9.31 million registered in 2025-02-14. Current price change has pushed the stock -19.48% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CERS stock continues to rise going into the next quarter.
