Analysts Predict Geron Corp. (NASDAQ:GERN) To Reach 7 In 12 Months

In recent trading session, Geron Corp. (NASDAQ:GERN) saw 1.09 million shares changing hands at last check today with its beta currently measuring 0.48. Company’s recent per share price level of $4.36 trading at $0.0 or 0.11% at last check today assigns it a market valuation of $2.59B. That most recent trading price of GERN’s stock is at a discount of -22.48% from its 52-week high price of $5.34 and is indicating a premium of 62.39% from its 52-week low price of $1.64. Taking a look at company’s average trading volume volume of 11.90 million if we extend that period to 3-months.

For Geron Corp. (GERN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.38. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Geron Corp. (NASDAQ:GERN) trade information

Upright in the green today for gaining 0.11%, in the last five days GERN remained trading in the red while hitting it’s week-highest on Monday, 07/01/24 when the stock touched $4.36 price level, adding 2.9% to its value on the day. Geron Corp.’s shares saw a change of 106.87% in year-to-date performance and have moved -1.69% in past 5-day. Geron Corp. (NASDAQ:GERN) showed a performance of 9.40% in past 30-days.

Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 27.33% to its recent value today. Analysts have been projecting 4.5 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -3.21% in reaching the projected high whereas dropping to the targeted low would mean a loss of -3.21% for stock’s current value.

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 added 103.97% of value to its shares in past 6 months, showing an annual growth rate of -9.38% while that of industry is 15.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

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 -16.08% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -10.16% 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 in August 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.