Geron Corporation (NASDAQ:GERN) has a beta value of 1.78 and has seen 3,375,642 shares traded in the recent trading session. The company, currently valued at $667.29 Million, closed the recent trade at $2.14 per share which meant it gained $0.22 on the day or 11.4% during that session. The GERN stock price is -12.15% off its 52-week high price of $2.4 and 64.95% above the 52-week low of $0.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.5 Million shares traded. The 3-month trading volume is 3.41 Million shares.
Geron Corporation (NASDAQ:GERN) trade information
Sporting 9.84% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the GERN stock price touched $2.19 or saw a rise of 4.34%. Year-to-date, Geron Corporation shares have moved 54.04%, while the 5-day performance has seen it change 7.44%. Over the past 30 days, the shares of Geron Corporation (NASDAQ:GERN) have changed 30.12%. Short interest in the company has seen 19.31 Million shares shorted with days to cover at 5.66.
Geron Corporation (GERN) estimates and forecasts
Figures show that Geron Corporation shares have underperformed across the wider relevant industry. The company’s shares have gained +36.88% over the past 6 months, with this year growth rate of -22.22%, compared to 9.2% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 25% and 25% for the next quarter. Revenue growth from the last financial year stood is estimated to be -45.7%.
4 analysts offering their estimates for the company have set an average revenue estimate of $60Million for the current quarter. 4 have an estimated revenue figure of $60Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $101Million and $131Million respectively for this quarter and the next, and analysts expect sales will grow by -40.6% for the current quarter and -54.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -9.2% over the past 5 years. Earnings growth for 2020 is a modest -135.5% while over the next 5 years, the company’s earnings are expected to increase by 5%.
Geron Corporation (NASDAQ:GERN)’s Major holders
Insiders own 0.41% of the company shares, while shares held by institutions stand at 31.5% with a share float percentage of 31.63%. Investors are also buoyed by the number of investors in a company, with Geron Corporation having a total of 147 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 15.67 Million shares worth more than $18.64 Million. As of March 30, 2020, Blackrock Inc. held 7.71% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 13.41 Million shares as of March 30, 2020. The firm’s total holdings are worth over $15.95 Million and represent 6.59% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Select Portfolios – Biotechnology and Vanguard Total Stock Market Index Fund. As of March 30, 2020, the former fund manager holds about 6.59% shares in the company for having 13406450 shares of worth $15.95 Million while later fund manager owns 5.86 Million shares of worth $6.97 Million as of March 30, 2020, which makes it owner of about 2.88% of company’s outstanding stock.