Geron Corp. (NASDAQ: GERN): An Enticing Stock To Watch

Geron Corp. (NASDAQ:GERN) shares, rose in value, with the stock price up by 3.55% to the previous day’s close as strong demand from buyers drove the stock to $3.21.

Actively observing the price movement in the last trading, the stock closed the session at $3.10. The value of beta (5-year monthly) was 0.55. Referring to stock’s 52-week performance, its high was $3.73, and the low was $1.64. On the whole, GERN has fluctuated by 42.04% over the past month.

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With the market capitalization of Geron Corp. currently standing at about $1.89 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.1, which is expected to increase to -$0.1 for fiscal year -$0.33 and then to about -$0.17 by fiscal year 2025. Data indicates that the EPS growth is expected to be -3.10% in 2025, while the next year’s EPS growth is forecast to be 48.50%.

According to the average forecast, sales growth in current quarter could jump up 42.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $53.07 million, representing an increase of 22,292.40% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GERN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GERN currently trading nearly 15.25% and 38.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.31, while the 7-day volatility ratio is showing 5.39% which for the 30-day chart, stands at 9.49%. Furthermore, Geron Corp. (GERN)’s beta value is 0.62, and its average true range (ATR) is 0.24.

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 3.55% in last session, and over the past year, it grew by 50.00%%.

Data on historical trading for Geron Corp. (NASDAQ:GERN) indicates that the trading volumes over the past 10 days have averaged 9.77 million and over the past 3 months, they’ve averaged 11.33 million. According to company’s latest data on outstanding shares, there are 544.91 million shares outstanding.

Nearly 18.03% of Geron Corp.’s shares belong to company insiders and institutional investors own 51.18% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 50.95 million shares as on Mar 15, 2024, resulting in a short ratio of 3.03. According to the data, the short interest in Geron Corp. (GERN) stood at 9.33% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 43.57 million. The stock has risen by 52.13% 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.