Today’s big question for investors is, “what’s going on with Cerus Corporation (NASDAQ:CERS) stock? Its price is jumping 0.13 points, trading at $4.95 levels, and is up 2.7% from its previous close of $4.82. The shares seem to have an active trading volume day with a reported 290058 contracts so far this session. CERS shares had a relatively better volume day versus average trading capacity of 1.32 million shares, but with a 0.16 billion float and a -2.43% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CERS stock indicates that the average analyst price target is $8.25 per share. This means the stock has a potential increase of 66.67% from where the CERS share price has been trading recently.
During the recent trading session for Cerus Corporation (NASDAQ:CERS), the company witnessed their stock drop by $-0.03 over a week and surge $0.73 from the price 20 days ago. When compared to their established 52-week high of $6.88, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 01/03/19. The recent low of $3.7 stood for a -28.05% since 10/12/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.78 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Cerus Corporation, the two-week RSI stands at 62.09. This figure suggests that CERS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current CERS readings is similarly very revealing as it has a stochastic reading of 73.21% at this stage. This figure means that CERS share price today is being oversold.
Technical chart claims that Cerus Corporation (CERS) would settle between $4.96/share to $5.11/share level. However, if the stock price goes below the $4.64 mark, then the market for Cerus Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $4.47 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.03. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at BTIG Research raised their recommendation on shares of CERS from Neutral to Buy in their opinion released on November 13. Stifel, analysts launched coverage of Cerus Corporation (NASDAQ:CERS) stock with a Buy recommendation, according to their flash note issued to investors on August 28. Analysts at Stephens, made their first call for the equity with a Overweight recommendation, according to a research note that dated back to August 23.
CERS equity has an average rating of 1.4, with the figure leaning towards a bullish end. 4 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 4 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 4 analysts rated Cerus Corporation (NASDAQ:CERS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Cerus Corporation (CERS)’s current-quarter revenues are projected to climb by nearly 25% to hit $25.3 million, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 21.7% from $76.05 million to a noteworthy $92.59 million. At the other end of the current quarter income statement, Cerus Corporation is expected to see its adjusted earnings surge by roughly 8.3% to hit $-0.11 per share. For the fiscal year, CERS’s earnings are projected to climb by roughly -15.9% to hit $-0.51 per share.