In last trading session, Geron Corp. (NASDAQ:GERN) saw 8.43 million shares changing hands with its beta currently measuring 0.50. Company’s recent per share price level of $4.43 trading at -$0.08 or -1.77% at ring of the bell on the day assigns it a market valuation of $2.67B. That closing price of GERN’s stock is at a discount of -20.54% from its 52-week high price of $5.34 and is indicating a premium of 62.98% 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 9.97 million shares which gives us an average trading volume of 9.18 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 1.12. 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 -0.08 in the current quarter.
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Geron Corp. (NASDAQ:GERN) trade information
Upright in the red during last session for losing -1.77%, in the last five days GERN remained trading in the red while hitting it’s week-highest on Friday, 09/20/24 when the stock touched $4.43 price level, adding 8.09% to its value on the day. Geron Corp.’s shares saw a change of 109.95% in year-to-date performance and have moved -6.54% in past 5-day. Geron Corp. (NASDAQ:GERN) showed a performance of -4.94% in past 30-days. Number of shares sold short was 71.51 million shares which calculate 10.11 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 26.17% to its current value. 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 -1.58% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1.58% 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 33.84% of value to its shares in past 6 months, showing an annual growth rate of -6.25% while that of industry is 17.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 23,469.60% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 17.57M for the same. And 8 analysts are in estimates of company making revenue of 36.04M 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 -7.93% 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 78.05 percent of that, with stock having share float percentage of 78.12%. Investors also watch the number of corporate investors in a company very closely, which is 78.05% institutions for Geron Corp. that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at GERN for having 46.55 million shares of worth $197.38 million. And as of 2024-06-30, it was holding 7.7138 of the company’s outstanding shares.
The second largest institutional holder is RA CAPITAL MANAGEMENT, L.P., which was holding about 46.2 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.6558 of outstanding shares, having a total worth of $195.9 million.
