A new trading day began on Friday, with Cerus Corp. (NASDAQ: CERS) stock price up 2.45% from the previous day of trading, before settling in for the closing price of $1.63. CERS’s price has ranged from $1.25 to $2.59 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 16.80% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 38.10%. With a float of $175.94 million, this company’s outstanding shares have now reached $181.25 million.
In an organization with 288 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 54.75%, operating margin of -19.49%, and the pretax margin is -14.1%.
Cerus Corp. (CERS) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Cerus Corp. is 5.05%, while institutional ownership is 76.04%. The most recent insider transaction that took place on Sep 04 ’24, was worth 116,826. In this transaction Chief Financial Officer of this company sold 54,272 shares at a rate of $2.15, taking the stock ownership to the 536,093 shares. Before that another transaction happened on Sep 03 ’24, when Company’s Chief Financial Officer sold 28,385 for $2.18, making the entire transaction worth $61,919. This insider now owns 590,365 shares in total.
Cerus Corp. (CERS) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 38.10% per share during the next fiscal year.
Cerus Corp. (NASDAQ: CERS) Trading Performance Indicators
Here are Cerus Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.83. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.13, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach -0.07 in one year’s time.
Technical Analysis of Cerus Corp. (CERS)
Let’s dig in a bit further. During the last 5-days, its volume was 1.62 million. That was better than the volume of 1.24 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 48.38%. Additionally, its Average True Range was 0.12.
During the past 100 days, Cerus Corp.’s (CERS) raw stochastic average was set at 25.32%, which indicates a significant decrease from 50.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.96% in the past 14 days, which was higher than the 71.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.9272, while its 200-day Moving Average is $1.9485. However, in the short run, Cerus Corp.’s stock first resistance to watch stands at $1.7333. Second resistance stands at $1.7967. The third major resistance level sits at $1.8533. If the price goes on to break the first support level at $1.6133, it is likely to go to the next support level at $1.5567. The third support level lies at $1.4933 if the price breaches the second support level.
Cerus Corp. (NASDAQ: CERS) Key Stats
With a market capitalization of 309.45 million, the company has a total of 184,890K Shares Outstanding. Currently, annual sales are 186,800 K while annual income is -37,490 K. The company’s previous quarter sales were 50,520 K while its latest quarter income was -5,780 K.
