Cerus Corp. (NASDAQ: CERS) Loses -33.77% From High. Why That Could Change?

Currently, there are 181.25M common shares owned by the public and among those 171.95M shares have been available to trade.

The company’s stock has a 5-day price change of -4.67% and -4.67% over the past three months. CERS shares are trading -5.56% year to date (YTD), with the 12-month market performance down to -30.38% lower. It has a 12-month low price of $1.21 and touched a high of $3.08 over the same period. CERS has an average intraday trading volume of 1.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.80%, -1.10%, and 3.07% respectively.

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Institutional ownership of Cerus Corp. (NASDAQ: CERS) shares accounts for 74.40% of the company’s 181.25M shares outstanding.

It has a market capitalization of $369.81M and a beta (3y monthly) value of 1.31. The earnings-per-share (ttm) stands at -$0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.81% over the week and 8.02% over the month.

Analysts forecast that Cerus Corp. (CERS) will achieve an EPS of -$0.05 for the current quarter, -$0.03 for the next quarter and -$0.06 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was -$0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 49.61%, and 62.44% over the next financial year.

Stephens coverage for the Cerus Corp. (CERS) stock in a research note released on January 17, 2023 offered a Equal-Weight rating with a price target of $3.75. BTIG Research was of a view on October 08, 2020 that the stock is Buy, while Cantor Fitzgerald gave the stock Overweight rating on June 16, 2020, issuing a price target of $9. BTIG Research on their part issued Buy rating on February 26, 2020.

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