In the latest trading session, 0.81 million Geron Corp. (NASDAQ:GERN) shares changed hands as the company’s beta touched 0.81. With the company’s most recent per share price at $1.96 changed hands at -$0.01 or -0.76% at last look, the market valuation stands at $1.06B. GERN’s current price is a discount, trading about -95.92% off its 52-week high of $3.84. The share price had its 52-week low at $1.68, which suggests the last value was 14.29% up since then. When we look at Geron Corp.’s average trading volume, we note the 10-day average is 6.18 million shares, with the 3-month average coming to 6.04 million.
Analysts gave the Geron Corp. (GERN) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.17. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended GERN as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Geron Corp.’s EPS for the current quarter is expected to be -$0.1.
Geron Corp. (NASDAQ:GERN) trade information
Instantly GERN was in red as seen in intraday trades today. With action 8.61%, the performance over the past five days has been green. The drop to weekly highs of 2.0700 on Friday, 11/17/23 subtracted -0.76% to the stock’s daily price. The company’s shares are showing year-to-date downside of -19.21%, with the 5-day performance at 8.61% in the green. However, in the 30-day time frame, Geron Corp. (NASDAQ:GERN) is 7.42% up. Looking at the short shares, we see there were 45.12 million shares sold at short interest cover period of 8.13 days.
The consensus price target for the stock as assigned by Wall Street analysts is $4.83, meaning bulls need an upside of 59.42% from its recent market value. According to analyst projections, GERN’s forecast low is $4.00 with $6.00 as the target high. To hit the forecast high, the stock’s price needs a -206.12% plunge from its current level, while the stock would need to soar -104.08% for it to hit the projected low.
Geron Corp. (GERN) estimates and forecasts
Data shows that the Geron Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -37.94% over the past 6 months, a 5.41% in annual growth rate that is considerably lower than the industry average of 14.90%. Year-over-year growth is forecast to reach -53.00% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $70k. 4 analysts are of the opinion that Geron Corp.’s revenue for the quarter ending Mar 2024 will be $70k. The company’s revenue for the corresponding quarters a year ago was $103k and $21k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -32.00%. The estimates for the next quarter sales put growth at 233.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -16.28%. The 2023 estimates are for Geron Corp. earnings to increase by 7.21%, but the outlook for the next 5-year period is at 5.00% per year.
Geron Corp. is expected to release its next quarterly earnings report on November 02.
Geron Corp. (NASDAQ:GERN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.13% of Geron Corp. shares while 64.60% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.68%. There are 64.60% institutions holding the Geron Corp. stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 6.87% of the shares, roughly 35.98 million GERN shares worth $115.49 million.
RA Capital Management, L.P. holds the second largest percentage of outstanding shares, with 6.03% or 31.54 million shares worth $101.26 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 16.34 million shares estimated at $52.44 million under it, the former controlled 3.12% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.17% of the shares, roughly 11.33 million shares worth around $27.54 million.