During the recent session, Geron Corp. (NASDAQ:GERN)’s traded shares were 1.73 million, with the beta value of the company hitting 0.50. At the last check today, the stock’s price was $4.22, reflecting an intraday loss of -2.66% or -$0.11. The 52-week high for the GERN share is $5.34, that puts it down -26.54 from that peak though still a striking 61.14% gain since the share price plummeted to a 52-week low of $1.64. The company’s market capitalization is $2.54B, and the average intraday trading volume over the past 10 days was 6.59 million shares, and the average trade volume was 8.91 million shares over the past three months.
Geron Corp. (GERN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.12. GERN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
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Geron Corp. (NASDAQ:GERN) trade information
Geron Corp. (GERN) registered a -2.66% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.66% in intraday trading to $4.22, hitting a weekly high. The stock’s 5-day price performance is -2.43%, and it has moved by -5.28% in 30 days. Based on these gigs, the overall price performance for the year is 123.02%. The short interest in Geron Corp. (NASDAQ:GERN) is 81.03 million shares and it means that shorts have 9.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 29.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.5 and $7 respectively. As a result, GERN is trading at a discount of -65.88% off the target high and -6.64% off the low.
Geron Corp. (GERN) estimates and forecasts
Statistics show that Geron Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Geron Corp. (GERN) shares have gone up 15.80% during the last six months, with a year-to-date growth rate less than the industry average at -6.25% against 17.50. In the rating firms’ projections, revenue will increase 24,613.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 19.33M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 38.46M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 164k and 23k respectively. In this case, analysts expect current quarter sales to grow by 11,686.60% and then jump by 167,117.41% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -16.08%. While earnings are projected to return -6.64% in 2024, the next five years will return 5.00% per annum.
GERN Dividends
Geron Corp. is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Geron Corp. (NASDAQ:GERN)’s Major holders
Geron Corp. insiders own 0.09% of total outstanding shares while institutional holders control 77.97%, with the float percentage being 78.04%. BLACKROCK INC. is the largest shareholder of the company, while 313.0 institutions own stock in it. As of 2024-06-30, the company held over 46.55 million shares (or 7.7138% of all shares), a total value of $197.38 million in shares.
The next largest institutional holding, with 46.2 million shares, is of RA CAPITAL MANAGEMENT, L.P.’s that is approximately 7.6558% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $195.9 million.
Also, the Mutual Funds coming in first place with the largest holdings of Geron Corp. (GERN) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 17.81 shares. This amounts to just over 2.95 percent of the company’s overall shares, with a $74.7 million market value. The same data shows that the other fund manager holds slightly less at 15.44, or about 2.56% of the stock, which is worth about $64.75 million.
