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Craig Hallum gives a Buy recommendation for Cerus Corp (CERS)

Cerus Corp’s recently made public that its Officer RICHARD J BENJAMIN acquired Company’s shares for reported $80822.0 on Mar 03 ’25. In the deal valued at $1.58 per share,51,254 shares were bought.

Then, KEVIN D GREEN bought 60,656 shares, generating $95,646 in total proceeds.

Before that, Gregory Dean A. bought 1,725 shares. Cerus Corp shares valued at $2,932 were divested by the Director at a price of $1.70 per share. As a result of the transaction, Gregory Dean A. now holds 61,725 shares, worth roughly $94439.25.

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 Monday, Cerus Corp [NASDAQ:CERS] saw its stock fall -7.27% to $1.53. Over the last five days, the stock has lost -6.71%. Cerus Corp shares have fallen nearly -0.65% since the year began. Nevertheless, the stocks have fallen -30.45% over the past one year. While a 52-week high of $2.59 was reached on 01/28/25, a 52-week low of $1.38 was recorded on 01/13/25. SMA at 50 days reached $1.7322, while 200 days put it at $1.8659.

Levels Of Support And Resistance For CERS Stock

The 24-hour chart illustrates a support level at 1.4767, which if violated will result in even more drops to 1.4233. On the upside, there is a resistance level at 1.6267. A further resistance level may holdings at 1.7233. The Relative Strength Index (RSI) on the 14-day chart is 36.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1093, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.73%. Stochastics %K at 10.67% indicates the stock is a buying.

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