Cerecor Inc (NASDAQ:CERC) stock is moving higher in early session on Wednesday.
As of 11:35, CERC stock has moved up over 10% to trade at $2.505. Total traded volume was 1.74 million shares, compared to its average volume of 1.80 million shares. The stock has moved in range of $2.3600 – 2.5500 after opening at $2.38.
CERC Released News Last Week
Cerecor Reports First Quarter 2021 Financial Results and Provides Business Updates
- As of March 31, 2021, Cerecor had $38.3 million in cash and cash equivalents, which was a significant increase over the $18.9 million balance as of December 31, 2020.
- Net product revenue of the Company’s commercialized product, which the Company considers non-core and for which strategic alternatives are being explored, decreased $2.3 million for the three months ended March 31, 2021.
- While the IPR&D charge in 2020 largely offset the increased research and development expenses in 2021, the net loss increased as compared to the prior year due to a $7.1 million increase in the fair value of an investment of the Company in the prior year that did not repeat in the current quarter. Loss per share was largely consistent with the prior year with an increase in shares, due to financings, offsetting the larger net loss.
|SHARES OUTSTANDING||95.46 M|
|SHARE FLOAT (%)||94.71 M (99.22%)|
|% HELD BY INSTITUTIONS||55.89|
Recent Stock Performance
|+/- EMA(20)||2.56 (-2.34%)|
|+/- SMA(50)||2.82 (-11.35%)|
|+/- SMA(200)||2.75 (-9.09%)|
|CCI20||-103.0216||Sell||Chaikin Money Flow||-0.4506||Sell|
|MACD||-0.1965||Sell||Money Flow Index||89.7421||OverBought|
|STOCH (14,3)||16.9355||OverSold||STOCH RSI||0.2945||Buy|