Cerus Corp. (CERS): Are Investors Missing The Big Picture?

Cerus Corp. (NASDAQ:CERS) does about 1.56M shares in volume on a normal day but saw 1274170 shares change hands in Friday’s trading. The company now has a market cap of 319.86M USD. Its current market price is $1.73, marking a decrease of -9.42% compared to the previous close of $1.91. The 52 week high reached by this stock is $3.08 whilst the lowest price level in 52 weeks is $1.21.

Cerus Corp. (CERS) has a 20-day trading average at $1.7245 and the current price is -43.83% off the 52-week high compared with 43.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8612 and its 200-day simple moving average is $1.8415. If we look at the stock’s price movements over the week, volatility stands at 8.23%, which decreases to 7.44% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.98 to suggest the stock is neutral.

The consensus objective for the share price is $4.40, suggesting that the stock has a potential upside of 60.68% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 12, 2024 when Craig Hallum initiated the stock to “Buy” and issued a price target of $5. Stephens downgraded its price target at $3.75.

Cerus Corp. (CERS) stock is up 6.79% over the week and 2.06% over the past month. Its price is -19.91% year-to-date and -20.28% over the past year.

To reach the target analysts have set, the stock logically needs to grow 60.68 percent from here.

The company has a return on investment of -24.72% and return on equity of -58.44%. The beta has a value of 1.27. Price to book ratio is 6.48 and price to sales ratio is 1.95.