Certara Inc. (NASDAQ: CERT) stock fell -0.85% on Monday to $13.98 against a previous-day closing price of $14.10. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.81 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $14.23 whereas the lowest price it dropped to was $13.94. The 52-week range on CERT shows that it touched its highest point at $24.96 and its lowest point at $10.60 during that stretch. It currently has a 1-year price target of $19.38. Beta for the stock currently stands at 1.49.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CERT was down-trending over the past week, with a drop of -3.98%, but this was down by -13.86% over a month. Three-month performance dropped to -19.42% while six-month performance fell -37.59%. The stock lost -6.55% in the past year, while it has lost -13.01% so far this year. A look at the trailing 12-month EPS for CERT yields 0.12 with Next year EPS estimates of 0.47. For the next quarter, that number is 0.11. This implies an EPS growth rate of 204.40% for this year and 4.86% for next year. EPS is expected to grow by 13.74% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 55.52%.
Float and Shares Shorts:
At present, 158.96 million CERT shares are outstanding with a float of 118.17 million shares on hand for trading. On Aug 30, 2023, short shares totaled 6.52 million, which was 4.08% higher than short shares on Jul 30, 2023. In addition to Dr. William F. Feehery Ph.D. as the firm’s CEO & Director, Mr. Leif E. Pedersen serves as its Pres & Chief Commercial Officer.
Institutional Ownership:
Through their ownership of 97.90% of CERT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.84% of CERT, in contrast to 42.10% held by mutual funds. Shares owned by individuals account for 26.88%. As the largest shareholder in CERT with 8.27% of the stake, BlackRock Fund Advisors holds 13,212,186 shares worth 13,212,186. A second-largest stockholder of CERT, The Vanguard Group, Inc., holds 12,456,011 shares, controlling over 7.80% of the firm’s shares. Baillie Gifford & Co. is the third largest shareholder in CERT, holding 9,391,977 shares or 5.88% stake. With a 4.67% stake in CERT, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 7,458,983 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.37% of CERT stock, is the second-largest Mutual Fund holder. It holds 3,781,723 shares valued at 61.11 million. ClearBridge Small Cap Growth Fund holds 2.05% of the stake in CERT, owning 3,275,486 shares worth 52.93 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, CERT reported revenue of $82.76M and operating income of $4.15M. The EBITDA in the recently reported quarter was $19.80M and diluted EPS was -$0.00.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CERT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CERT analysts setting a high price target of $24.00 and a low target of $16.00, the average target price over the next 12 months is $19.14. Based on these targets, CERT could surge 71.67% to reach the target high and rise by 14.45% to reach the target low. Reaching the average price target will result in a growth of 36.91% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
