In last trading session, Cerecor Inc. (NASDAQ:CERC) saw 313,312 shares changing hands with its beta currently measuring 1.57. Company’s recent per share price level of $2.51 trading at -$0.09 or -3.46% at ring of the bell on the day assigns it a market valuation of $226.81 Million. That closing price of CERC’s stock is at a discount of -79.28% from its 52-week high price of $4.5 and is indicating a premium of 21.51% from its 52-week low price of $1.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 215.97 Million shares which gives us an average trading volume of 978.03 Million if we extend that period to 3-months.
For Cerecor Inc. (CERC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. None suggested the stock as a Hold whereas 1 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.17 in the current quarter.
In the face of being in the red during last session for losing -3.46%, in the last five days CERC remained trading in the green while hitting it’s week-highest on Monday, Apr 12 when the stock touched $2.84-1 price level, adding 11.62% to its value on the day. Cerecor Inc.’s shares saw a change of -4.92% in year-to-date performance and have moved -10.68% in past 5-day. Cerecor Inc. (NASDAQ:CERC) showed a performance of -23.71% in past 30-days. Number of shares sold short was 1.72 Million shares which calculate 0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $9 to the stock, which implies a rise of 258.57% to its current value. Analysts have been projecting $9 as a low price target for the stock while placing it at a high target of $9. It follows that stock’s current price would jump +258.57% in reaching the projected high whereas dropping to the targeted low would mean a loss of 258.57% for stock’s current value.
Cerecor Inc. (CERC) estimates and forecasts
Statistics highlight that Cerecor Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +5.46% of value to its shares in past 6 months, showing an annual growth rate of 8.77% while that of industry is 7.8. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 50% in the current quarter and calculating 5.3% increase in the next quarter. This year revenue growth is estimated to rise 257.8% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $6.75 Million for the same. And 2 analysts are in estimates of company making revenue of $7.55 Million in the next quarter that will end on June 01, 2021. Company posted $2.75 Million and $1.34 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 145.1% while estimating it to be 464.3% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.5% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -154.4% while estimates for its earnings growth in next 5 years are of 0%
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Cerecor Inc. (NASDAQ:CERC)’s Major holders
Insiders are in possession of 0.84% of company’s total shares while institution are holding 70.45% percent of that, with stock having share float percentage of 71.04%. Investors also watch the number of corporate investors in a company very closely, which is 84 institutions for Cerecor Inc. that are currently holding shares of the company. Armistice Capital, LLC is the top institutional holder at CERC for having 30.13 Million shares of worth $79.55 Million. And as of December 30, 2020, it was holding 33.82% of the company’s outstanding shares.
The second largest institutional holder is Nantahala Capital Management, LLC, which was holding about 6.23 Million shares on December 30, 2020. The number of shares represents firm’s hold over 7% of outstanding shares, having a total worth of $16.46 Million.
On the other hand, Vanguard Extended Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of December 30, 2020, the former fund manager was holding 1057944 shares of worth $2.79 Million or 1.19% of the total outstanding shares. The later fund manager was in possession of 964.27 Thousand shares on March 30, 2021, making its stake of worth around $2.91 Million in the company or a holder of 1.08% of company’s stock.