Geron Corp (NASDAQ:GERN) price on Wednesday, January 15, rose 2.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.01.
A look at the stock’s price movement, the close in the last trading session was $2.94, moving within a range at $2.96 and $3.09. 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 -23.21% over the past month.
Geron Corp’s market cap currently stands at around $1.82 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GERN is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 -12.05% and -20.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.66, while 7-day volatility ratio is 7.07% and 5.42% in the 30-day chart. Further, Geron Corp (GERN) has a beta value of 0.57, and an average true range (ATR) of 0.18. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $5.5 and high of $8. Looking at the price targets, the low is -82.72% off current price level while to achieve the yearly target high, price needs to move -165.78%. Nonetheless, investors will most likely welcome a -132.56% jump to $7 which is the analysts’ median price.
If we refocus on Geron Corp (NASDAQ:GERN), historical trading data shows that trading volumes averaged 15.29 over the past 10 days and 10.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 603.10 million shares.
The 6.59% of Geron Corp’s shares are in the hands of company insiders while institutional holders own 78.47% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 65.07 million on 2024-12-31, giving us a short ratio of 5.7. The data shows that as of 2024-12-31 short interest in Geron Corp (GERN) stood at 1082.0 of shares outstanding, with shares short falling to 66.35 million registered in 2024-11-29. Current price change has pushed the stock -14.97% 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.
