In the last trading session, 5.85 million shares of the Geron Corp (NASDAQ:GERN) were traded, and its beta was 0.68. Most recently the company’s share price was $1.45, and it changed around -$0.1 or -6.45% from the last close, which brings the market valuation of the company to $923.53M. GERN currently trades at a discount to its 52-week high of $5.06, offering almost -248.97% off that amount. The share price’s 52-week low was $1.17, which indicates that the current value has risen by an impressive 19.31% since then. We note from Geron Corp’s average daily trading volume that its 10-day average is 8.56 million shares, with the 3-month average coming to 12.45 million.
Geron Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.78. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended GERN as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
Geron Corp (NASDAQ:GERN) trade information
Instantly GERN has showed a red trend with a performance of -6.45% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.6200 on recent trading dayincreased the stock’s daily price by 10.49%. The company’s shares are currently down -59.04% year-to-date, but still down -9.38% over the last five days. On the other hand, Geron Corp (NASDAQ:GERN) is 14.17% up in the 30-day period. We can see from the shorts that 64.58 million shares have been sold at a short interest cover period of 5.14 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 63.75% from its current value. Analyst projections state that GERN is forecast to be at a low of $4 and a high of $4.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 5.60%.
GERN Dividends
Geron Corp’s next quarterly earnings report is expected to be released on 2025-May-06.
Geron Corp (NASDAQ:GERN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.09% of Geron Corp shares, and 81.20% of them are in the hands of institutional investors. The stock currently has a share float of 81.28%. Geron Corp stock is held by 350.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.1191% of the shares, which is about 46.55 million shares worth $197.38 million.
RA CAPITAL MANAGEMENT, L.P., with 7.0656% or 46.2 million shares worth $195.9 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
