Cerevel Therapeutics Holdings Inc. (NASDAQ:CERE) shares fell to a low of $13.23 before closing at $13.40. Intraday shares traded counted 0.41 million, which was -85.81% lower than its 30-day average trading volume of 221.49K. CERE’s previous close was $13.30 while the outstanding shares total 127.23M. The stock’s Relative Strength Index (RSI) is 45.38, with weekly volatility at 6.57% and ATR at 0.98. The CERE stock’s 52-week price range has touched low of $9.00 and a $18.83 high. The stock traded higher over the last trading session, gaining 0.75% on 05/27/21.
Investors have identified the Biotechnology company Cerevel Therapeutics Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.73 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Cerevel Therapeutics Holdings Inc. (CERE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 349.81 million total, with 34.15 million as their total liabilities.
CERE were able to record -41.08 million as free cash flow during the 09/01/2021 quarter of the year, this saw their quarterly net cash flow reduce by -40.34 million. In cash movements, the company had a total of -36.42 million as operating cash flow.
Having a look at the company’s valuation, the company is expected to record -1.73 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CERE sounds very interesting.
Is the stock of CERE attractive?
In related news, 10% Owner, BAIN CAPITAL INVESTORS LLC bought 332,293 shares of the company’s stock in a transaction that recorded on Nov 09. The purchase was performed at an average price of 10.30, for a total value of 3,422,618. As the purchase deal closes, the Director, Koppel Adam now bought 332,293 shares of the company’s stock, valued at 3,422,618. Also, Director, Gordon Christopher R bought 332,293 shares of the company’s stock in a deal that was recorded on Nov 09. The shares were cost at an average price of 10.30 per share, with a total market value of 3,422,618. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
3 out of 3 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Cerevel Therapeutics Holdings Inc.. 0 analysts has assigned a Sell rating on the CERE stock. The 12-month mean consensus price target for the company’s shares has been set at $22.00.