In recent trading session, Geron Corp. (NASDAQ:GERN) saw 1.62 million shares changing hands at last check today with its beta currently measuring 0.52. Company’s recent per share price level of $4.47 trading at $0.03 or 0.56% at last check today assigns it a market valuation of $2.69B. That most recent trading price of GERN’s stock is at a discount of -19.46% from its 52-week high price of $5.34 and is indicating a premium of 63.31% from its 52-week low price of $1.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.03 million shares which gives us an average trading volume of 12.06 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 1.14. Splitting up the data highlights that, out of 5 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 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.09 in the current quarter.
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Geron Corp. (NASDAQ:GERN) trade information
Upright in the green today for gaining 0.56%, in the last five days GERN remained trading in the red while hitting it’s week-highest on Monday, 08/12/24 when the stock touched $4.47 price level, adding 7.64% to its value on the day. Geron Corp.’s shares saw a change of 111.61% in year-to-date performance and have moved -2.93% in past 5-day. Geron Corp. (NASDAQ:GERN) showed a performance of -6.20% in past 30-days. Number of shares sold short was 57.86 million shares which calculate 6.33 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 25.5% 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 -0.67% in reaching the projected high whereas dropping to the targeted low would mean a loss of -0.67% 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 115.70% of value to its shares in past 6 months, showing an annual growth rate of -9.38% while that of industry is 17.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 21,840.90% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 16.32M for the same. And 7 analysts are in estimates of company making revenue of 33.3M in the next quarter. Company posted 164k and 23k of sales in current and next quarters respectively a year earlier.
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 -9.37% while estimates for its earnings growth in next 5 years are of 5.00%.
Geron Corp. (NASDAQ:GERN)’s Major holders
Insiders are in possession of 0.09% of company’s total shares while institution are holding 77.78 percent of that, with stock having share float percentage of 77.85%. Investors also watch the number of corporate investors in a company very closely, which is 77.78% institutions for Geron Corp. that are currently holding shares of the company. RA CAPITAL MANAGEMENT, L.P. is the top institutional holder at GERN for having 46.2 million shares of worth $152.47 million. And as of 2024-03-31, it was holding 7.6558 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 41.41 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.8625 of outstanding shares, having a total worth of $136.67 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 Mar 31, 2024, the former fund manager was holding 17.17 shares of worth $76.16 million or 2.85% of the total outstanding shares. The later fund manager was in possession of 13.98 shares on Jun 30, 2024, making its stake of worth around $61.99 million in the company or a holder of 2.32% of company’s stock.
