Cerevel Therapeutics Holdings Inc (CERE) concluded trading on Thursday at a closing price of $42.93, with 4.02 million shares of worth about $172.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 100.70% during that period and on Thursday the price saw a loss of about -0.79%. Currently the company’s common shares owned by public are about 156.50M shares, out of which, 86.25M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 46 times over the past 12 months. They bought 12,455,204 shares in 26 of the transactions. In 20 selling transactions, insiders dumped 1,555,279 shares.
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Stock saw a price change of 1.78% in past 5 days and over the past one month there was a price change of 1.66%. Year-to-date (YTD), CERE shares are showing a performance of 1.25% which increased to 31.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.59 but also hit the highest price of $43.28 during that period. The average intraday trading volume for Cerevel Therapeutics Holdings Inc shares is 2.76 million. The stock is currently trading 1.75% above its 20-day simple moving average (SMA20), while that difference is up 3.24% for SMA50 and it goes to 40.70% higher than SMA200.
Cerevel Therapeutics Holdings Inc (NASDAQ: CERE) currently have 156.50M outstanding shares and institutions hold larger chunk of about 47.90% of that.
The stock has a current market capitalization of $7.79B and its 3Y-monthly beta is at 1.54. It has posted earnings per share of -$2.50 in the same period. It has Quick Ratio of 8.72 while making debt-to-equity ratio of 1.73. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CERE, volatility over the week remained 1.27% while standing at 0.81% over the month.
Analysts are in expectations that Cerevel Therapeutics Holdings Inc (CERE) stock would likely to be making an EPS of $Cerence Inc. in the current quarter, while forecast for next quarter EPS is $15.98 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $CBRE Group Inc which is $Cerevel Therapeutics Holdings, at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Costamare Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.95% while it is estimated to decrease by -4.86% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on December 08, 2023 offering a Market perform rating for the stock and assigned a target price of $45 to it.
