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Analysts review Cerus Corp’s rating

Cerus Corp’s recently made public that its Director BJERKHOLT ERIC unloaded Company’s shares for reported $35700.0 on Dec 12 ’24. In the deal valued at $1.78 per share,20,000 shares were sold. As a result of this transaction, BJERKHOLT ERIC now holds 162,133 shares worth roughly $0.27 million.

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Then, Jensen Chrystal sold 16,667 shares, generating $28,501 in total proceeds. Upon selling the shares at $1.71, the Chief Legal Officer now owns 457,578 shares.

Before that, CHRYSTAL NIKOLE JENSEN bought 16,667 shares. Cerus Corp shares valued at $28,626 were divested by the Officer at a price of $1.72 per share.

Craig Hallum initiated its Cerus Corp [CERS] rating to a Buy in a research note published on April 12, 2024; the price target was $5. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Stephens also remained covering CERS and has decreased its forecast on January 17, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating.

Price Performance Review of CERS

On Tuesday, Cerus Corp [NASDAQ:CERS] saw its stock fall -6.11% to $1.69. Over the last five days, the stock has lost -6.63%. Cerus Corp shares have fallen nearly -21.76% since the year began. Nevertheless, the stocks have fallen -21.03% over the past one year. While a 52-week high of $2.59 was reached on 03/07/24, a 52-week low of $1.38 was recorded on 10/17/24. SMA at 50 days reached $1.7476, while 200 days put it at $1.8951.

Levels Of Support And Resistance For CERS Stock

The 24-hour chart illustrates a support level at 1.6567, which if violated will result in even more drops to 1.6233. On the upside, there is a resistance level at 1.7467. A further resistance level may holdings at 1.8033. The Relative Strength Index (RSI) on the 14-day chart is 44.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0560, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.55%. Stochastics %K at 18.30% indicates the stock is a buying.

How much short interest is there in Cerus Corp?

A steep rise in short interest was recorded in Cerus Corp stocks on 2024-11-29, dropping by -1.31 million shares to a total of 6.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.93 million shares. There was a decline of -19.72%, which implies that there is a negative sentiment for the stock.

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