NASDAQ:CERE

Cerevel Therapeutics (CERE) Stock Price, News & Analysis

$42.55
-0.04 (-0.09%)
(As of 05/3/2024 ET)
Today's Range
$42.54
$42.79
50-Day Range
$41.00
$42.75
52-Week Range
$19.59
$43.59
Volume
912,342 shs
Average Volume
1.07 million shs
Market Capitalization
$7.73 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$41.40

Cerevel Therapeutics MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
0.3% Upside
$42.67 Price Target
Short Interest
Healthy
9.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.24mentions of Cerevel Therapeutics in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$4.30 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($2.72) to ($2.93) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.22 out of 5 stars

Medical Sector

5305th out of 5,424 stocks

Pharmaceutical Preparations Industry

2509th out of 2,550 stocks

CERE stock logo

About Cerevel Therapeutics Stock (NASDAQ:CERE)

Cerevel Therapeutics Holdings, Inc., a clinical-stage biopharmaceutical company, develops various therapies for neuroscience diseases in the United States. It is developing Emraclidine, a positive allosteric modulator (PAM) that is in phase 1b clinical trials for the treatment of schizophrenia; and Darigabat, a PAM, which is in Phase 2 proof-of-concept trial in patients with drug-resistant focal onset seizures or focal epilepsy, as well as in phase 1 trial to treat panic symptoms model. The company's products also comprise Tavapadon, a selective dopamine D1/D5 partial agonist that is in phase 3 clinical trial for the treatment of early- and late-stage Parkinson's disease; CVL-871, a selective dopamine D1/D5 partial agonist, which is in Phase 2a clinical trial to treat dementia-related apathy; and CVL-354, a selective kappa-opioid receptor antagonist to treat major depressive disorder and substance use disorder. It is also involved in the development of an M4 agonist program for the treatment of psychosis and related indications; and PDE4 inhibitor for the treatment of psychiatric, neuroinflammatory, and other disorders. Cerevel Therapeutics Holdings, Inc. was founded in 2018 and is headquartered in Cambridge, Massachusetts.

CERE Stock Price History

CERE Stock News Headlines

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Cerevel Therapeutics Holdings Inc.
CERE Apr 2024 40.000 call
Cerevel Therapeutics: Hold Rating Amidst Pending AbbVie Acquisition
ABBV Mar 2024 182.500 call
AbbVie Selling $15 Billion Bonds to Buy ImmunoGen, Cerevel
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Today
5/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Coal & Consumable Fuels
Current Symbol
NASDAQ:CERE
CUSIP
15677310
Fax
N/A
Employees
334
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$42.67
High Stock Price Target
$45.00
Low Stock Price Target
$31.00
Potential Upside/Downside
-2.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
9 Analysts

Profitability

Net Income
$-432,840,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$3.71 per share

Miscellaneous

Free Float
172,316,000
Market Cap
$7.73 billion
Optionable
Optionable
Beta
1.46
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Key Executives


CERE Stock Analysis - Frequently Asked Questions

Should I buy or sell Cerevel Therapeutics stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cerevel Therapeutics in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CERE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CERE, but not buy additional shares or sell existing shares.
View CERE analyst ratings
or view top-rated stocks.

What is Cerevel Therapeutics' stock price target for 2024?

9 Wall Street analysts have issued 1 year price targets for Cerevel Therapeutics' stock. Their CERE share price targets range from $31.00 to $45.00. On average, they predict the company's share price to reach $42.67 in the next twelve months. This suggests a possible upside of 0.3% from the stock's current price.
View analysts price targets for CERE
or view top-rated stocks among Wall Street analysts.

How have CERE shares performed in 2024?

Cerevel Therapeutics' stock was trading at $42.40 on January 1st, 2024. Since then, CERE stock has increased by 0.4% and is now trading at $42.55.
View the best growth stocks for 2024 here
.

Are investors shorting Cerevel Therapeutics?

Cerevel Therapeutics saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 7,920,000 shares, a drop of 17.7% from the March 31st total of 9,620,000 shares. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is currently 5.7 days. Currently, 9.1% of the company's shares are short sold.
View Cerevel Therapeutics' Short Interest
.

How were Cerevel Therapeutics' earnings last quarter?

Cerevel Therapeutics Holdings, Inc. (NASDAQ:CERE) announced its earnings results on Wednesday, November, 1st. The biotechnology company reported ($0.61) EPS for the quarter, topping analysts' consensus estimates of ($0.63) by $0.02. During the same period in the prior year, the company posted ($0.66) earnings per share.

What other stocks do shareholders of Cerevel Therapeutics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cerevel Therapeutics investors own include Precigen (PGEN), Arena Pharmaceuticals (ARNA), CTI BioPharma (CTIC), Achillion Pharmaceuticals (ACHN), Alpha Natural Resources (ANRZQ), Cenveo (CVO), Hess (HES), Palatin Technologies (PTN), Aeterna Zentaris (AEZS) and Avid Bioservices (CDMO).

Who are Cerevel Therapeutics' major shareholders?

Cerevel Therapeutics' stock is owned by a number of retail and institutional investors. Top institutional investors include Tokio Marine Asset Management Co. Ltd. (0.21%), Mirae Asset Global Investments Co. Ltd. (0.02%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Abraham Ceesay, Bain Capital Investors Llc, Deval L Patrick, Gabrielle Sulzberger, John Renger, Kenneth Dipietro, Marijn E Dekkers, Mark Bodenrader, N Anthony Coles, Paul D Burgess, Perceptive Advisors Llc, Ramiro Sanchez, Ronald C Renaud Jr, Scott Akamine and Susan Altschuller.
View institutional ownership trends
.

How do I buy shares of Cerevel Therapeutics?

Shares of CERE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CERE) was last updated on 5/4/2024 by MarketBeat.com Staff

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