Cerecor Inc. (NASDAQ:CERC)’s traded shares stood at 818,433 during the last session, with the company’s beta value hitting 1.59. At the close of trading, the stock’s price was $2.9, to imply an increase of 6.23% or $0.17 in intraday trading. The CERC share’s 52-week high remains $4.5, putting it -55.17% down since that peak but still an impressive +31.72% since price per share fell to its 52-week low of $1.98. The company has a valuation of $280.47 Million, with an average of 617.83 Million shares in intraday trading volume over the past 10 days and average of 1.79 Million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cerecor Inc. (CERC), translating to a mean rating of 1.3. Of 4 analyst(s) looking at the stock, none analyst(s) give CERC a Sell rating. None of those analysts rate the stock as Overweight while no one advise Hold as 4 recommend it as a Buy. None analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.16.
After registering a 6.23% upside in the last session, Cerecor Inc. (CERC) has traded green over the past five days. The stock hit a weekly high of $2.95- this Friday, Jun 04, jumping 1.69% in its intraday price action. The 5-day price performance for the stock is 10.69%, and -0.34% over 30 days. With these gigs, the year-to-date price performance is 9.85%. Short interest in Cerecor Inc. (NASDAQ:CERC) saw shorts transact 2.59 Million shares and set a 1.45 days time to cover.
Analysts on Wall Street suggest a consensus price target of $6.25, implying an increase of 115.52% to the stock’s current value. The extremes give us $4 and $7 for target low and target high price respectively. As such, CERC has been trading 141.38% off suggested target high and 37.93% from its likely low.
Cerecor Inc. (CERC) estimates and forecasts
Revenue forecast for the current quarter as set by 4 analysts is $4.2 Million. Meanwhile, for the quarter ending September 01, 2021, a total of 4 analyst(s) estimate revenue growth to $4.33 Million. Earnings reports from the last fiscal year show that sales brought in $1.34 Million and $1.5 Million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 213.9% before jumping 188.7% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.5% for the past 5-year period. While 2021 is set for a -154.4% return in earnings, projections for the next 5 years are at 0% annually.
Cerecor Inc. (NASDAQ:CERC)’s Major holders
Cerecor Inc. insiders hold 0.79% of total outstanding shares, with institutional holders owning 69.44% of the shares at 70% float percentage. In total, 93 institutions holds shares in the company, led by Armistice Capital, LLC. As of Mar 30, 2021, the company held over 32.63 Million shares (or 34.18% of shares), all amounting to roughly $98.56 Million.
Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.
Add them to your watchlist before they take off!
The next major institution holding the largest number of shares is Nantahala Capital Management, LLC with 7.65 Million shares, or about 8.01% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $23.11 Million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Cerecor Inc. (CERC) shares. Going by data provided on Mar 30, 2021, Vanguard Total Stock Market Index Fund holds roughly 1,122,035 shares. This is just over 1.18% of the total shares, with a market valuation of $3.39 Million. Data from the same date shows that the other fund manager holds a little less at 1.06 Million, or 1.11% of the shares, all valued at about $3.19 Million.