Geron Corp (NASDAQ:GERN) price on current trading day, fall -32.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.61.
A look at the stock’s price movement, the close in the last trading session was $2.37. Turning to its 52-week performance, $5.34 and $1.64 were the 52-week high and 52-week low respectively. Overall, GERN moved -45.61% over the past month.
Geron Corp’s market cap currently stands at around $973.25 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 50.36M for the company’s revenue for the quarter, with a low and high estimate of 48.25M and 53.2M respectively. The average forecast suggests up to a 16,465.92% 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 245.44M, representing a 218.77% 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 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 -40.12% and -47.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 14.40, while 7-day volatility ratio is 8.97% and 6.17% in the 30-day chart. Further, Geron Corp (GERN) has a beta value of 0.49, and an average true range (ATR) of 0.20. 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 -241.61% off current price level while to achieve the yearly target high, price needs to move -396.89%. Nonetheless, investors will most likely welcome a -334.78% 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 11.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 603.10 million shares.
The 6.13% of Geron Corp’s shares are in the hands of company insiders while institutional holders own 75.67% of the company’s shares. Current price change has pushed the stock -54.52% 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.
