As volatility creeps into Cerecor Inc. (NASDAQ:CERC), investors need to pay close attention to to the factors affecting stock today as its shares are trading 7.43% or 0.37 points up from last closing price of $4.98, reaching $5.35 at last check. The CERC share price has risen in 2 of the last 5 days and is down -9.62% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -143,567 shares, and in total 109033 shares valued at $583327 were seen changing hands compared with 252600 shares valued at $1.258 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in CERC stock for the next couple of days.
Cerecor Inc. (CERC) shares have notched a 3-month decline of about -9.62%, but has still advanced 54.18% year to date. By comparison, the stock added 16.36% over the past 12 months, while it jumped 3.32% over the 1 month. The company’s market cap is around $213.79M, with its short interest ratio standing at 3.89%.
In the current trading session for CERC, the stock witnessed two major price actions, it rose to a high of $5.35 and was down as much as $4.9 at one point. The high recorded is very low when compared to their 52-week high which is $2.71. The 52-week high is now at -30.59 distance from current price. Their recent low of $7.65 represents a 95.94% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for CERC is $9.67, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Cerecor Inc. earned $-1.25 per share in the trailing 12 months and has a P/E ratio of -4.28. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 69.3 and lower compared to the sector’s average of 32.55. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. CERC also has P/S multiple of 11.9. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 49.5x.
The company recorded an interesting insider purchase transaction by the Major Shareholder on Jun 05, 2019. A Securities and Exchanges Commission filings show that Armistice Capital Master Fund bought a total of 15,000 CERC shares that day for a sum of around $72,150. Cerecor Inc. (CERC) insiders have acquired 476,000 shares in the stock within the past three months. In total, individual insiders traded 776,000 shares in the business, which makes up 16.784% of 4,623,365 shares that were traded over a year. In the past 12 months, insiders have purchased 4,315,224 shares while the seller parted with 308,141 shares.
CERC‘s last price was up 12.13% as compared to the average trading price of 50 days recorded at $4.77 while enlarging the period to 200 trading days, the average closing price was $5.35. At present, there are 42.93 million in the total number of common shares owned by the public and among those 31.5 million shares have been available to trade. The percentage of shares being held by the company management was 5.6% while institutions stake was 54%. The company has generated negative returns on equity over the last 12 months (-218.9%). It managed to keep its gross profit margin at 55.5% over the past 12 months.
When assessing the full upside of the CERC stock, there is another set of technicals that should be looked into and considered. Its 5.24% gain from moving average of $5.08 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 2.06 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Cerecor Inc. — 3 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $9.6667 on shares of Cerecor Inc. (NASDAQ:CERC), which corresponds to 82.73% upside potential than its current market price of $5.35 and implies potential despite the recent advance in the price. However, their current target price has fallen from $10 a month ago and is up handily from the consensus target of $9 a quarter ago.
In the last five years, the EPS of the company has been roughly 4.6%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded an increase of 20%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards CERC stock. BlueCrest Capital Management Ltd added position in the company after it grew 11.8% or 29,785 shares of its common stock. The hedge fund now owns 33,300 shares worth $178,155, SEC documents show. Opaleye Management Inc. shored up assets in the stock as 2196753 shares have been purchased, increasing its stake by 4.7% to 2,300,000 shares which are currently valued at $12,305,000. In addition, ExodusPoint Capital Management LP recently reported that it now owns 13,134 shares making a total of $70,267 based on the recent price. This refelects a change of 50% in their ownership.