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Tuesday, September 26, 2023

It’s Not Over Yet For Cerus Corporation (NASDAQ: CERS)

After Hours

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. After-hours trades for Cerus Corporation (CERS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 2.60%, to $1.97. The Cerus Corporation has recorded 18,808 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Cerus Corporation Announces Second Quarter 2023 Financial Results.

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Stocks Info

Cerus Corporation is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Medical Devices industry. At the end of the last regular session, the stock closed at $1.92 and fluctuated between $1.9600 as its day high and $1.8750 as its day low. The current market capitalization of Cerus Corporation is $341.70M. A total of 0.85 million shares were traded on the day, compared to an average of 1.19M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CERS has seen 7 BUY and 0 SELL insider trades, representing the acquisition of 280,000 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 16 SELLs from insiders. Insiders purchased 2,319,377 shares during that period but sold 184,740.

In the most recent transaction, Lucena Ann bought 7,500 shares of CERS for 1.69 per share on Aug 22. After the transaction, the Director now owns 72,284 company shares. In a previous transaction on Aug 21, BJERKHOLT ERIC bought 10,000 shares at 1.72 per share. CERS shares that Director owns now total 132,133.

Among the insiders who bought shares, Swisher Daniel N JR acquired of 5,000 shares on May 26 at a per-share price of $1.91. This resulted in the Director holding 118,808 shares of CERS after the transaction. In another insider transaction, SCHULZE GAIL bought 9,850 shares at $2.03 per share on May 24. Company shares held by the Director now total 83,420.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CERS in the last 3 months, the mean price target is $5.75 with high estimates of $9.00 and low estimates of $3.00. In terms of 52-week highs and lows, CERS has a high of $4.32 and a low of $1.66.

As of this writing, CERS has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.09 in the last quarter, which was -28.60% lower than expectations of -$0.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CERS’s latest balance sheet shows that the firm has $129.36M in Cash & Short Term Investments as of fiscal 2021. There were $87.59M in debt and $78.56M in liabilities at the time. Its Book Value Per Share was $0.28, while its Total Shareholder’s Equity was $85.62M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 CERS is Buy with a score of 4.50.

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