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Tuesday, June 6, 2023

Momentum Is Strong For Cerevel Therapeutics Holdings Inc. (NASDAQ: CERE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Cerevel Therapeutics Holdings Inc. (CERE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.15%, to $34.05. The Cerevel Therapeutics Holdings Inc. has recorded 52,249 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Cerevel Therapeutics Appoints Susan Altschuller, Ph.D. as Chief Financial Officer.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. At the end of the last regular session, the stock closed at $34.00 and fluctuated between $34.26 as its day high and $32.63 as its day low. The current market capitalization of Cerevel Therapeutics Holdings Inc. is $5.25B. A total of 0.63 million shares were traded on the day, compared to an average of 667.64K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CERE has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 100,000 and the disposition of 100,000 shares. Over the last 12 months, there were 26 BUYs and 27 SELLs from insiders. Insiders purchased 2,029,136 shares during that period but sold 639,490.

In the most recent transaction, COLES N ANTHONY sold 50,000 shares of CERE for 31.47 per share on May 04. After the transaction, the CEO and Chairperson now owns 2,704 company shares. In a previous transaction on Apr 11, COLES N ANTHONY sold 50,000 shares at 25.06 per share. CERE shares that CEO and Chairperson owns now total 2,704.

Among the insiders who sold shares, COLES N ANTHONY disposed of 3,000 shares on Mar 03 at a per-share price of $27.19. This resulted in the CEO and Chairperson holding 2,704 shares of CERE after the transaction. In another insider transaction, COLES N ANTHONY sold 47,000 shares at $27.11 per share on Mar 02. Company shares held by the CEO and Chairperson now total 2,704.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CERE in the last 3 months, the mean price target is $35.60 with high estimates of $46.00 and low estimates of $22.00. In terms of 52-week highs and lows, CERE has a high of $41.46 and a low of $22.10.

As of this writing, CERE has an earnings estimate of -$0.67 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.54 per share and a lower estimate of -$0.84. The company reported an EPS of -$0.59 in the last quarter, which was 7.80% higher than expectations of -$0.64.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CERE’s latest balance sheet shows that the firm has $565.69M in Cash & Short Term Investments as of fiscal 2021. There were $36.55M in debt and $42.54M in liabilities at the time. Its Book Value Per Share was $2.76, while its Total Shareholder’s Equity was $578.73M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CERE is Buy with a score of 4.54.

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