Geron Corp. (NASDAQ: GERN) Stock Forecast 2024: Profitable With Bullish Signals

In today’s recent session, 1.84 million shares of the Geron Corp. (NASDAQ:GERN) have been traded, and its beta is 0.50. Most recently the company’s share price was $4.80, and it changed around -$0.19 or -3.86% from the last close, which brings the market valuation of the company to $2.85B. GERN at last check was trading at a discount to its 52-week high of $5.34, offering almost -11.25% off that amount. The share price’s 52-week low was $1.64, which indicates that the recent value has risen by an impressive 65.83% since then. We note from Geron Corp.’s average daily trading volume that its 3-month average coming to 11.57 million.

Geron Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 1.38. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended GERN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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Geron Corp. (NASDAQ:GERN) trade information

Instantly GERN has been showing red trend so far today with a performance of -3.86% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 127.37% year-to-date, but still up 4.29% over the last five days. On the other hand, Geron Corp. (NASDAQ:GERN) is -1.49% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $5.7, which translates to bulls needing to increase their stock price by 15.79% from its current value. Analyst projections state that GERN is forecast to be at a low of $4.5 and a high of $7.

Geron Corp. (GERN) estimates and forecasts

Geron Corp. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 136.33 percent over the past six months and at a -9.38% annual growth rate that is well below the industry average of 15.60%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -16.08%. Geron Corp. earnings are expected to increase by -10.16% in 2024, but the outlook is positive 5.00% per year for the next five years.

GERN Dividends

Geron Corp.’s next quarterly earnings report is expected to be released in August.