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Monday, October 3, 2022

Renewed Optimism is Surrounding Cerus Corporation (NASDAQ:CERS)

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Cerus Corporation (CERS) shares are trading at higher $6.02 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $9.10.

To add more color to this target, the company’s high over the last year is $7.94 and the low is $2.71. Over the last 52 weeks, CERS is up 46.12% while the S&P 500 is up 15.47%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, CERS reported a profit of $18.24 million. Cerus Corporation also saw revenues increase to $29.19 million. In addition, CERS has free cash flow of -$33.43 million as of 09-2020. The company’s EBITDA came in at -$13.17 million which compares well with its peers.

CERS booked profit margins of -58.20%, its Return on Equity (ROE) is -63.50%, and its Return on Assets is -30.80%. All told, it is clear that, CERS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CERS has a short ratio of 7.22 and outstanding shares of 166.57M.

Company Outlook

CERS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.59 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.40. Cerus Corporation CERS also noted assets of $213.35 million at the end of the last quarter. Investors should also keep an eye on sector updates as CERS has historically followed its peers on positive news.

All told, Cerus Corporation CERS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CERS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Cerus Corporation CERS is now commanding a market cap of 1.01B and a float of 163.58M. CERS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CERS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in CERS, either long or short, and we have not been compensated for this article.

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