Geron Corp (NASDAQ:GERN) shares, rose in value, with the stock price up by 1.20% to the previous day’s close as strong demand from buyers drove the stock to $1.68.
Actively observing the price movement in the last trading, the stock closed the session at $1.66. Referring to stock’s 52-week performance, its high was $5.34, and the low was $1.46. On the whole, GERN has fluctuated by -41.05% over the past month.
With the market capitalization of Geron Corp currently standing at about $1.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 235.46M, with a low estimate of 46.96M and a high estimate of 54.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 49.88M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GERN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of GERN currently trading nearly -29.88% and -41.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 21.62, while the 7-day volatility ratio is showing 8.94% which for the 30-day chart, stands at 7.18%. Furthermore, Geron Corp (GERN)’s beta value is 0.64, and its average true range (ATR) is 0.18.
A comparison of Geron Corp (GERN) with its peers suggests the former has fared considerably weaker in the market. GERN showed an intraday change of 1.20% in last session, and over the past year, it shrunk by -16.00%%. In comparison, Bio-Techne Corp. (TECH) has moved higher at 3.46%% on the day and was down -16.71% over the past 12 months. On the other hand, the price of Incyte Corp. (INCY) has risen 0.19%% on the day. The stock, however, is off 17.80% from where it was a year ago. Additionally, there is a gain of 0.61%% for Gilead Sciences Inc. (GILD) in last trading while the stock has seen an overall depriciation of 58.94%% over the past year.
Data on historical trading for Geron Corp (NASDAQ:GERN) indicates that the trading volumes over the past 3 months, they’ve averaged 14.31 million. According to company’s latest data on outstanding shares, there are 606.39 million shares outstanding.
Nearly 6.13% of Geron Corp’s shares belong to company insiders and institutional investors own 71.83% of the company’s shares. The stock has fallen by -52.54% 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.
