Geron Corp. (NASDAQ:GERN) At $1.91: What To Do?

In last trading session, Geron Corp. (NASDAQ:GERN) saw 4.35 million shares changing hands with its beta currently measuring 0.54. Company’s recent per share price level of $1.91 trading at $0.02 or 1.06% at ring of the bell on the day assigns it a market valuation of $1.04B. That closing price of GERN’s stock is at a discount of -95.29% from its 52-week high price of $3.73 and is indicating a premium of 12.04% from its 52-week low price of $1.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.06 million shares which gives us an average trading volume of 5.81 million if we extend that period to 3-months.

Geron Corp. (NASDAQ:GERN) trade information

Upright in the green during last session for gaining 1.06%, in the last five days GERN remained trading in the red while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $1.91 price level, adding 1.04% to its value on the day. Geron Corp.’s shares saw a change of -9.48% in year-to-date performance and have moved -0.52% in past 5-day. Geron Corp. (NASDAQ:GERN) showed a performance of -9.48% in past 30-days. Number of shares sold short was 39.79 million shares which calculate 6.61 days to cover the short interests.

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Geron Corp. (GERN) estimates and forecasts

Statistics highlight that Geron Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -36.75% of value to its shares in past 6 months, showing an annual growth rate of 5.41% while that of industry is 15.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -53.00% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $70k for the same. And 4 analysts are in estimates of company making revenue of $70k in the next quarter that will end on Mar 2024. Company posted $103k and $21k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -32.00% while estimating it to be 233.30% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -16.28% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 7.21% while estimates for its earnings growth in next 5 years are of 5.00%.

GERN Dividends

Geron Corp. is more likely to be releasing its next quarterly report between March 14 and March 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Geron Corp. (NASDAQ:GERN)’s Major holders

Insiders are in possession of 0.12% of company’s total shares while institution are holding 70.75 percent of that, with stock having share float percentage of 70.84%. Investors also watch the number of corporate investors in a company very closely, which is 70.75% institutions for Geron Corp. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at GERN for having 35.98 million shares of worth $115.49 million. And as of Jun 29, 2023, it was holding 6.87% of the company’s outstanding shares.

The second largest institutional holder is RA Capital Management, L.P., which was holding about 31.54 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.03% of outstanding shares, having a total worth of $101.26 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 16.34 million shares of worth $52.44 million or 3.12% of the total outstanding shares. The later fund manager was in possession of 11.33 million shares on Aug 30, 2023, making its stake of worth around $27.54 million in the company or a holder of 2.17% of company’s stock.

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