Shares of Cerus Corporation (NASDAQ:CERS) last traded at $2.25. The company’s performance year to date is -48.28%. The 200 day simple moving average is -54.33%. The 200 simple moving average (SMA) is considered a key indicator by traders and market analysts for determining the overall long-term trend. The price level in a market that coincides with the 200 SMA is recognized as a major support when price is above the 200 SMA or resistance when price is below the 200 SMA level.
As per recent filings, Cerus Corporation (NASDAQ:CERS) has an insider ownership of 1.70%.
Cerus Corporation is developing medical products based on a platformtechnology that prevents nucleic acid replication. The company’s initialapplication of this technology is the development of systems to inactivateviruses, bacteria and other pathogens in blood components used for transfusion. The company is also focusing research and development efforts on other potential health care applications for this platform technology, including pathogen inactivation of source plasma used for fractionation, improving the outcomes of stem cell transplantation.
Cerus Corporation (NASDAQ:CERS) has been storming Wallstreet with solid press release. Recently, the company announced that according to the March 2017 study commissioned by RetailMeNot and conducted by Forrester Consulting, the company’s mobile marketing solutions generate a three-year, risk-adjusted return on investment (ROI) of 4.3x.
The Barchart Technical Opinion rating is a 100% Sell and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is in highly oversold territory. Beware of a trend reversal.
The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The 5 day EMA 2.79 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 3.79 is also higher than the current trading price depicting a bearish trend overall..
The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 16.69 suggesting a bearish price action.
Cerus Corporation (NASDAQ:CERS) is all set to announce its earnings on May 03/a. As per Zack’s analyst ratings, Cerus Corporation (NASDAQ:CERS) currently has an average brokerage rating of 1. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:CERS) is $8 with a high of $10 and a low of $5.
As such, while we believe Cerus Corporation (NASDAQ:CERS) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.
Cerus (NASDAQ:CERS) traded in a range yesterday that spanned from a low of $2.24 to a high of $2.83. Yesterday, the shares fell 25.3%, which took the trading range below the 3-day low of $2.95 on volume of 5.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.