Geron Corp. (NASDAQ:GERN) traded at $3.17 at close of the session on Monday, March 18, made a downward move of -5.51% on its previous day’s price.
Looking at the stock we see that its previous close was $3.36 and the beta (5Y monthly) reads 0.55 . In terms of its 52-week price range, GERN has a high of $3.73 and a low of $1.64. The company’s stock has gained about 51.19% over that past 30 days.
Geron Corp. has a market cap of $1.73 billion and is expected to release its quarterly earnings report on May 09, 2024 – May 13, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.1, with the EPS growth for the year raised at -$0.33 for 2024 and -$0.17 for next year. These figures represent -3.10% and 48.50% growth in EPS for the two years respectively.
The median projection represents growth squeezing down to 42.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $53.07 million, or 22,292.40% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the GERN stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 51.17% off its SMA20 and 54.73% from its 50-day simple moving average. The RSI (14) is pointing at 68.29 while the volatility over the past week is 18.96% and jumps to 10.23% over the past one month. The beta value is 0.52, while the average true range (ATR) is currently pointing at 0.32.
Coming back to Geron Corp. (NASDAQ:GERN), we note that the average 3-month trading volume was 10.33 million, while that of the preceding 10-day period stands at 29.1 million. Current shares outstanding are 544.91 million.
The insiders hold 18.03% of the company’s shares while institutions hold 55.15%. The data shows that short shares as of Feb 29, 2024, stood at 44.91 million at a short ratio of 5.16. This represents a 8.22% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 40.69 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 50.47% up in year-to-date price movement.
