In the last trading session, 1,393,690 shares of the Geron Corporation (NASDAQ:GERN) were traded, and its beta was 1.16. Most recently the company’s share price was $1.59, and it changed around -$0.01 or -0.01% from the last close, which brings the market valuation of the company to $506.46 Million. GERN currently trades at a discount to its 52-week high of $2.4, offering almost -50.94% off that amount. The share price’s 52-week low was $1.01, which indicates that the current value has risen by an impressive 36.48% since then. We note from Geron Corporation’s average daily trading volume that its 10-day average is 2.22 Million shares, with the 3-month average coming to 3.99 Million.
Geron Corporation stock received a consensus recommendation rating of Buy, based on a mean score of 1.7. If we narrow it down even further, the data shows that none out of 4 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended GERN as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight. Geron Corporation is expected to report earnings per share of -$0.08 for the current quarter.
Geron Corporation (NASDAQ:GERN): Trading Information
The consensus price target as assigned by Wall Street analysts is $3.25, which translates to bears needing to increase their stock price by 104.4% from its current value. Analyst projections state that GERN is forecast to be at a low of $3 and a high of $4. In order for the stock price to hit the forecast high, the stock would need to surge +151.57% from its current level, while the stock would need to crash 88.68% from its current level to reach the projected low.
Geron Corporation (GERN) projections and forecasts
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $40Million in revenue for the current quarter. 4 analysts expect Geron Corporation to make $40Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $52Million and $43Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -23.1%. Forecasts for the next quarter put sales growth at -7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Geron Corporation earnings are expected to increase by 22.7% in 2021, but the outlook is positive 5% per year for the next five years.
Geron Corporation (NASDAQ:GERN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.17% of Geron Corporation shares, and 55.83% of them are in the hands of institutional investors. The stock currently has a share float of 55.93%. Geron Corporation stock is held by 205 institutions, with RA Capital Management, L.P. being the largest institutional investor. By Dec 30, 2020, it held 9.46% of the shares, which is about 30.13 Million shares worth $47.9 Million.
Blackrock Inc., with 7.86% or 25.02 Million shares worth $39.79 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF were the top two Mutual Funds as of Dec 30, 2020. The former held 8900597 shares worth $14.15 Million, making up 2.79% of all outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF held roughly 8.67 Million shares worth around $15.51 Million, which represents about 2.72% of the total shares outstanding.