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Geron Corporation (NASDAQ: GERN) Jumped 3.20%, But Don’t Be Too Excited

Geron Corporation (NASDAQ:GERN) shares, rose in value on Wednesday, 06/22/22, with the stock price up by 3.20% to the previous day’s close as strong demand from buyers drove the stock to $1.29.

Actively observing the price movement in the last trading, the stock closed the session at $1.25, falling within a range of $1.24 and $1.36. The value of beta (5-year monthly) was 1.08. Referring to stock’s 52-week performance, its high was $1.76, and the low was $0.99. On the whole, GERN has fluctuated by -3.01% over the past month.

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With the market capitalization of Geron Corporation currently standing at about $471.11 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 09, 2022 – Mar 14, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.1, which is expected to increase to -$0.09 for fiscal year -$0.4 and then to about -$0.4 by fiscal year 2023.

Analysts have estimated the company’s revenue for the quarter at $110k, with a low estimate of $100k and a high estimate of $120k. According to the average forecast, sales growth in current quarter could jump up 2.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $340k, representing a decrease of -75.60% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 4 upward and no downward review(s) in last seven days. We see that GERN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GERN currently trading nearly -2.01% and -7.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.13, while the 7-day volatility ratio is showing 7.23% which for the 30-day chart, stands at 6.84%. Furthermore, Geron Corporation (GERN)’s beta value is 1.01, and its average true range (ATR) is 0.09.

A comparison of Geron Corporation (GERN) with its peers suggests the former has fared considerably weaker in the market. GERN showed an intraday change of 3.20% in last session, and over the past year, it shrunk by -17.83%%. In comparison, CTI BioPharma Corp. (CTIC) has moved higher at 2.23% on the day and was up 160.70% over the past 12 months. On the other hand, the price of Bio-Techne Corporation (TECH) has risen 0.12% on the day. The stock, however, is off -25.39% from where it was a year ago. Additionally, there is a gain of 0.83% for Incyte Corporation (INCY) in last trading while the stock has seen an overall depriciation of -13.33%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.15%.

Data on historical trading for Geron Corporation (NASDAQ:GERN) indicates that the trading volumes over the past 3 months, they’ve averaged 2.63 million. According to company’s latest data on outstanding shares, there are 332.07 million shares outstanding.

Nearly 0.10% of Geron Corporation’s shares belong to company insiders and institutional investors own 49.40% of the company’s shares. The stock has risen by 5.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GERN stock heading into the next quarter.

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