Cerus Corporation [CERS] Investment Guide: What You Need to Know

In a filing, Cerus Corporation revealed its Director Lucena Ann acquired Company’s shares for reported $12638.0 on Aug 22. In the deal valued at $1.69 per share,7,500 shares were bought. As a result of this transaction, Lucena Ann now holds 72,284 shares worth roughly $ 0.14 million.

Then, BJERKHOLT ERIC bought 10,000 shares, generating $17,151 in total proceeds. Upon buying the shares at $1.72, the Director now owns 132,133 shares.

Before that, Swisher Daniel N JR bought 5,000 shares. Cerus Corporation shares valued at $9,535 were divested by the Director at a price of $1.91 per share. As a result of the transaction, Swisher Daniel N JR now holds 118,808 shares, worth roughly $0.23 million.

BTIG Research downgraded its Cerus Corporation [CERS] rating to a Neutral from a a Buy in a research note published on Friday.

Price Performance Review of CERS

On Friday, Cerus Corporation [NASDAQ:CERS] saw its stock jump 1.59% to $1.92. On the same session, the stock had its day’s lowest price of $1.87, but rose to a high of $1.96. Over the last five days, the stock has gained 7.26%. Cerus Corporation shares have fallen nearly -47.40% since the year began. Nevertheless, the stocks have fallen -53.28% over the past one year. While a 52-week high of $4.32 was reached on 01/05/23, a 52-week low of $1.66 was recorded on 08/24/23. SMA at 50 days reached $2.2957, while 200 days put it at $2.7942. A total of 0.85 million shares were traded, compared to the trading of 0.78 million shares in the previous session.

Levels Of Support And Resistance For CERS Stock

The 24-hour chart illustrates a support level at 1.8733, which if violated will result in even more drops to 1.8267. On the upside, there is a resistance level at 1.9633. A further resistance level may holdings at 2.0067. The Relative Strength Index (RSI) on the 14-day chart is 43.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1086, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.75%. Stochastics %K at 78.12% indicates the stock is a holding.

How much short interest is there in Cerus Corporation?

A steep rise in short interest was recorded in Cerus Corporation stocks on Aug 14, 2023, growing by 0.32 million shares to a total of 5.85 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.53 million shares. There was a rise of 5.47%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.34% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.01.

Cerus Corporation [CERS] – Who Are The Largest Shareholders?

In filings from ARK Investment Management LLC, it is revealed that the company now owns 20,657,391 shares, or roughly 11.44% of the outstanding CERS shares. In other words, the investor’s shares have fallen by -1,442,728 from its previous 13-F filing of 22100119.0.. Over the last quarter, The Vanguard Group, Inc. sold -473,558 shares of Cerus Corporation, while PRIMECAP Management Co. sold -203,100 shares. At present, Nikko Asset Management Americas, is holding 8,236,491 shares valued at $25.29 million. Wasatch Advisors, Inc. owned 5,873,048 shares of the company at the time of its most recent 13F filing, worth $18.03 million.

According to FactSet, Cerus Corporation’s share price will average $5.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 191.01 percent from its previous closing price of $1.89. Analysts expect Cerus Corporation stock to reach the higher price of $9.00, while the lowest price estimate is $3.00. However, 5 analysts have rated CERS stock as an Overweight in their predictions for 2023.