Cerus Corporation (NASDAQ:CERS) looks bearish


Cerus Corporation (NASDAQ:CERS)‘s shares have oscillated between a high of $-69.24% and a low of $17.50% over the last 12 months.

For the last 50 days, the stock has risen to a peak price of $-50.00% and hit a bottom of $17.50%.

The Barchart Technical Opinion rating is a 96% Sell with a Average short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.

Recently, Cerus Corporation (NASDAQ:CERS) announced that the first patient has been transfused in Puerto Rico for the “INTERCEPT Blood System for Red Blood Cells in Regions at Potential Risk for Zika Virus Transfusion-Transmitted Infections (RedeS)” clinical trial to assess the safety and efficacy of the INTERCEPT Blood System for Red Blood Cells (RBCs) when compared to conventional RBCs in regions impacted by the Zika virus epidemic.

On moving volumes measurements, the stock’s 20-Day Simple Moving Average price is $-27.61%, 50-Day Simple Moving Average is $-38.84% and 200-Day Simple Moving Average is $-51.58%.

The stock is now moved -45.98% for the year. Over the last six months it has moved -58.41%, compared with a movement of -44.96% for the quarter, -46.71% for the month and -21.67% for the week.

The average volume, usually a measurement of three months average, is 1.27M. Relative volume on the other hand is 2.16. In total, Cerus Corporation has 103.56M shares outstanding, with 102.24M of them being free float shares.

The stock’s short float stands at 13.18%, working out to a short ratio of 10.64.

Institutional investors own 69.60% of Cerus Corporation?s equity, while insiders own 1.70% of the stock. In the last couple of months, the stock has seen -2.07% institutional investor transactions, compared to -0.95% insider transactions.

How have the investors seen their investment in the stock change? Cerus Corporation’s return on equity for the trailing 12 months is -105.00%% and return on investments for a similar period calculates to -79.90%. The company posted return on assets of -60.80%% for the same trailing 12 months period.

Does Cerus Corporation have the ability to keep its doors open ? at least over the short-term? The company’s current ratio at the end of the most recent quarter was 2.90, while quick ratio for the same period was 2.40.

For the matters of debt, the company’s Long Term Debt/Equity for the most recent quarter was 0.25 and Total Debt/Equity for the same period was 0.44.

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