Geron Corp (NASDAQ:GERN) price on Thursday, November 14, fall -4.13% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.71.
A look at the stock’s price movement, the close in the last trading session was $3.87, moving within a range at $3.68 and $3.945. The beta value (5-Year monthly) was 0.515. Turning to its 52-week performance, $5.34 and $1.64 were the 52-week high and 52-week low respectively. Overall, GERN moved -11.03% over the past month.
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Geron Corp’s market cap currently stands at around $2.24 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 58.56M for the company’s revenue for the quarter, with a low and high estimate of 29.7M and 164.4M respectively. The average forecast suggests up to a 254,489.87% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 89.38M, representing a 37,612.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GERN is a 50% Sell. On the other hand, the stock is on average a 25% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend GERN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GERN’s current price about -9.49% and -13.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.29, while 7-day volatility ratio is 5.66% and 5.09% in the 30-day chart. Further, Geron Corp (GERN) has a beta value of 0.50, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $4.5 and high of $8. Looking at the price targets, the low is -21.29% off current price level while to achieve the yearly target high, price needs to move -115.63%. Nonetheless, investors will most likely welcome a -61.73% jump to $6 which is the analysts’ median price.
If we refocus on Geron Corp (NASDAQ:GERN), historical trading data shows that trading volumes averaged 12.65 over the past 10 days and 8.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 604.50 million shares.
The 8.32% of Geron Corp’s shares are in the hands of company insiders while institutional holders own 70.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 76.24 million on 2024-10-31, giving us a short ratio of 11.2. The data shows that as of 2024-10-31 short interest in Geron Corp (GERN) stood at 1271.0 of shares outstanding, with shares short falling to 81.03 million registered in 2024-09-30. Current price change has pushed the stock 75.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GERN stock continues to rise going into the next quarter.
