Geron Corp. (NASDAQ:GERN) has a beta value of 0.50 and has seen 8.79 million shares traded in the last trading session. The company, currently valued at $2.50B, closed the last trade at $4.14 per share which meant it lost -$0.19 on the day or -4.39% during that session. The GERN stock price is -28.99% off its 52-week high price of $5.34 and 60.39% above the 52-week low of $1.64. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.58 million shares traded. The 3-month trading volume is 8.79 million shares.
The consensus among analysts is that Geron Corp. (GERN) is Buy stock at the moment, with a recommendation rating of 1.12. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.08.
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Geron Corp. (NASDAQ:GERN) trade information
Sporting -4.39% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GERN stock price touched $4.14 or saw a rise of 5.26%. Year-to-date, Geron Corp. shares have moved 96.21%, while the 5-day performance has seen it change -0.24%. Over the past 30 days, the shares of Geron Corp. (NASDAQ:GERN) have changed -8.20%. Short interest in the company has seen 81.03 million shares shorted with days to cover at 9.04.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 31.0% from current levels. The projected low price target is $4.5 while the price target rests at a high of $7.0. In that case, then, we find that the current price level is -69.08% off the targeted high while a plunge would see the stock gain -8.7% from current levels.
Geron Corp. (GERN) estimates and forecasts
Figures show that Geron Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained 20.00% over the past 6 months, with this year growth rate of -6.25%, compared to 17.40% for the industry. Revenue growth from the last financial year stood is estimated to be 24,613.10%.
7 analysts offering their estimates for the company have set an average revenue estimate of 19.33M for the current quarter. 7 have an estimated revenue figure of 38.46M for the next ending quarter. Year-ago sales stood 164k and 23k respectively for this quarter and the next, and analysts expect sales will grow by 11,686.60% for the current quarter and 24,613.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -16.08% over the past 5 years. Earnings growth for 2024 is a modest -6.64% while over the next 5 years, the company’s earnings are expected to increase by 5.00%.
GERN Dividends
Geron Corp. is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Geron Corp. (NASDAQ:GERN)’s Major holders
Insiders own 0.09% of the company shares, while shares held by institutions stand at 77.97% with a share float percentage of 78.03%. Investors are also buoyed by the number of investors in a company, with Geron Corp. having a total of 312.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 46.55 million shares worth more than $197.38 million. As of 2024-06-30, BLACKROCK INC. held 7.7138% of shares outstanding.
The other major institutional holder is RA CAPITAL MANAGEMENT, L.P., with the holding of over 46.2 million shares as of 2024-06-30. The firm’s total holdings are worth over $195.9 million and represent 7.6558% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.95% shares in the company for having 17.81 shares of worth $73.72 million while later fund manager owns 15.44 shares of worth $63.9 million as of Aug 31, 2024 , which makes it owner of about 2.56% of company’s outstanding stock.
