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Geron Corporation (NASDAQ: GERN) Rose 59.76% From Its 52-Week Low; YTD Numbers Rose 101.64% – Here Are Some Things To Keep In Mind

During the last session, Geron Corporation (NASDAQ:GERN)’s traded shares were 13.63 million, with the beta value of the company hitting 0.95. At the end of the trading day, the stock’s price was $2.46, reflecting an intraday gain of 20.59% or $0.42. The 52-week high for the GERN share is $2.07, that puts it up 15.85 from that peak though still a striking 59.76% gain since the share price plummeted to a 52-week low of $0.99. The company’s market capitalization is $962.77M, and the average intraday trading volume over the past 10 days was 3.24 million shares, and the average trade volume was 2.64 million shares over the past three months.

Geron Corporation (GERN) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.60. GERN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.09.

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Geron Corporation (NASDAQ:GERN) trade information

Geron Corporation (GERN) registered a 20.59% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 20.59% in intraday trading to $2.46 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 24.87%, and it has moved by 32.26% in 30 days. Based on these gigs, the overall price performance for the year is 101.64%. The short interest in Geron Corporation (NASDAQ:GERN) is 16.51 million shares and it means that shorts have 4.69 day(s) to cover.

The consensus price target of analysts on Wall Street is $4.00, which implies an increase of 38.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.00 and $7.00 respectively. As a result, GERN is trading at a discount of -184.55% off the target high and 18.7% off the low.

Geron Corporation (GERN) estimates and forecasts

Statistics show that Geron Corporation has underperformed its competitors in share price, compared to the industry in which it operates. Geron Corporation (GERN) shares have gone up 136.54% during the last six months, with a year-to-date growth rate less than the industry average at -2.86% against 1.10. In the rating firms’ projections, revenue will decrease -67.00% compared to the previous financial year.

Revenue for the current quarter is expected to be $110k as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $110k by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $107k and $80k respectively. In this case, analysts expect current quarter sales to grow by 2.80% and then jump by 37.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -13.80%. While earnings are projected to return -27.20% in 2022, the next five years will return 5.00% per annum.

GERN Dividends

Geron Corporation is due to release its next quarterly earnings between March 09 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Geron Corporation (NASDAQ:GERN)’s Major holders

Geron Corporation insiders own 4.21% of total outstanding shares while institutional holders control 49.52%, with the float percentage being 51.70%. RA Capital Management, L.P. is the largest shareholder of the company, while 202 institutions own stock in it. As of Mar 30, 2022, the company held over 30.13 million shares (or 7.98% of all shares), a total value of $40.97 million in shares.

The next largest institutional holding, with 24.58 million shares, is of Blackrock Inc.’s that is approximately 6.51% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $33.43 million.

Also, the Mutual Funds coming in first place with the largest holdings of Geron Corporation (GERN) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 10.21 million shares. This amounts to just over 2.71 percent of the company’s overall shares, with a $13.89 million market value. The same data shows that the other fund manager holds slightly less at 7.85 million, or about 2.08% of the stock, which is worth about $12.17 million.

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