In today’s recent session, 1.12 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 $3.68, and it changed around -$0.1 or -2.51% from the last close, which brings the market valuation of the company to $2.23B. GERN at last check was trading at a discount to its 52-week high of $5.34, offering almost -45.11% off that amount. The share price’s 52-week low was $1.64, which indicates that the recent value has risen by an impressive 55.43% since then. We note from Geron Corp’s average daily trading volume that its 10-day average is 13.35 million shares, with the 3-month average coming to 8.45 million.
Geron Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.10. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 2 recommended GERN as a Hold, whereas 5 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 -2.51% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.05 on recent trading dayincreased the stock’s daily price by 9.14%. The company’s shares are currently up 74.64% year-to-date, but still down -7.18% over the last five days. On the other hand, Geron Corp (NASDAQ:GERN) is -6.71% down in the 30-day period. We can see from the shorts that 76.24 million shares have been sold at a short interest cover period of 11.2 day(s).
The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 38.67% from its current value. Analyst projections state that GERN is forecast to be at a low of $4.5 and a high of $8.
Geron Corp (GERN) estimates and forecasts
Geron Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.41 percent over the past six months and at a 21.88% annual growth rate that is well above the industry average of 17.80%.
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 17.85% 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 on 2025-Feb-26.
Geron Corp (NASDAQ:GERN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.09% of Geron Corp shares, and 85.33% of them are in the hands of institutional investors. The stock currently has a share float of 85.41%. Geron Corp stock is held by 338.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.7138% of the shares, which is about 46.55 million shares worth $197.38 million.
RA CAPITAL MANAGEMENT, L.P., with 7.6558% or 46.2 million shares worth $195.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
