The trading price of Geron Corp. (NASDAQ:GERN) floating lower at last check on Tuesday, April 23, closing at $3.59, -3.89% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $4.05 and a 52-week low of $1.64. Over the past month, the stock has gained 8.31% in value.
Geron Corp., whose market valuation is $2.11 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.1 per share this quarter, however they have predicted annual earnings per share of -$0.33 for 2024 and -$0.17 for 2025. It means analysts are expecting annual earnings per share growth of -3.10% this year and 48.50% next year.
The average estimate suggests sales will likely up by 42.90% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $53.07 million. The company’s revenue is forecast to grow by 22,292.40% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Geron Corp. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest GERN has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that GERN’s price is currently 4.44% off the SMA20 and 30.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.89, and weekly volatility stands at 5.99%. When measured over the past 30 days, the indicator reaches 6.19%. Geron Corp. (NASDAQ:GERN)’s beta value is currently sitting at 0.56, while the Average True Range indicator is currently displaying 0.25.
To see how Geron Corp. stock has been performing today in comparison to its peers in the industry, here are the numbers: GERN stock’s performance was -3.89% at last check in today’s session, and 42.83% in the past year.
An evaluation of the daily trading volume of Geron Corp. (NASDAQ:GERN) indicates that the 3-month average is 12.70 million.
Currently, records show that 544.91 million of the company’s shares remain outstanding. The insiders hold 17.92% of outstanding shares, whereas institutions hold 51.18%. However, since the stock’s price has seen 69.91% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
