How have the shares performed?
Cerevel Therapeutics Holdings Inc. (CERE) saw an uptrend of 5.49% in the recent trading with $14.21 being its most recent. The current price level -24.56% lower than the highest price of $18.83 marked by the stock while trading over the past 52-weeks, whereas it is 57.89% higher than the lowest price of $9.00 the company dropped to over past 52-weeks. The latest news story on CERE appeared in GlobeNewswire under the title “Cerevel Therapeutics Reports First Quarter 2021 Financial Results and Business Updates” on May-17-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -11.74% below one month high and is +13.41% above of the lowest during that time. Looking into the simple moving average, Cerevel Therapeutics Holdings Inc. (CERE)’s stock stands at a SMA-50 of $14.39 while that of 5-day is reading $13.66.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 3 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.30 for the stock.
Cerevel Therapeutics Holdings Inc. Earnings – What Happened With CERE
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Cerevel Therapeutics Holdings Inc. (CERE) last released financial results for the quarter that ended 3/31/2021, posting a surprise factor of 2.40% for net revenue.
CERE – Cerevel Therapeutics Holdings Inc. Stock Earnings Estimates
The perspective of Cerevel Therapeutics Holdings Inc. (NASDAQ:CERE)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.41 for stock’s EPS in the current quarter. 3 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was -0.4.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 78.58 million. CERE does have institutional investors; and they hold 77.20% of the stock.
Cerevel Therapeutics Holdings Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, CERE declared 0 shares have been sold in 0 insider transactions over the past three months.
As on Mar 31, 2021, Bain Capital Investors, LLC was the top most holder in Cerevel Therapeutics Holdings Inc. (NASDAQ:CERE) with an ownership of 60.63 million shares of the company or 47.58% of the stake worth $832.48 million. The filing also reveals FMR, LLC as the second largest holder in the company with a control over 4.01% of the outstanding shares. Its stake is worth $70.19 million for having 5.11 million shares in hand.
Perceptive Advisors Llc also came holding a key position in the company during the recent quarter and it now holds 3.64% of the outstanding shares. With this there are now 69 institutions which have possession in CERE’s shares.
Currently, the stock has been recommended as Strong Buy by 3 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.30 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Cerevel Therapeutics Holdings Inc. was 13.22 while posting a debt to equity ratio of 0.00. The count was 8.05 for long-term debt to equity ratio.
Cerevel Therapeutics Holdings Inc.’s return on equity, or ROE, is -88.20%, compared to the industry average of -41.93% for Healthcare – Biotechnology. Although this indicates that CERE fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Cerevel Therapeutics Holdings Inc. (NASDAQ:CERE) stock