Geron Corp. (NASDAQ: GERN) Is The Among Hot Stock Right Now

Geron Corp. (NASDAQ:GERN) traded at $3.70 at close of the session on Tuesday, May 21, made a downward move of -0.80% on its previous day’s price.

Looking at the stock we see that its previous close was $3.73 . In terms of its 52-week price range, GERN has a high of $4.30 and a low of $1.64. The company’s stock has lost about -0.80% over that past 30 days.

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Geron Corp. has a market cap of $2.19 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.1, with the EPS growth for the year raised at -$0.35 for 2024 and -$0.17 for next year. These figures represent -9.40% and 51.40% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $60k, with a high of $300k. The median projection represents growth squeezing down to 106.90% 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 $56.64 million, or 23,798.70% up from figures reported last year.

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 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is -3.03% off its SMA20 and 7.03% from its 50-day simple moving average. The RSI (14) is pointing at 50.12 while the volatility over the past week is 4.55% and jumps to 6.13% over the past one month. The beta value is 0.43, while the average true range (ATR) is currently pointing at 0.21.

Coming back to Geron Corp. (NASDAQ:GERN), we note that the average 3-month trading volume was 12.86 million. Current shares outstanding are 544.91 million.

The insiders hold 15.67% of the company’s shares while institutions hold 58.53%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 75.36% up in year-to-date price movement.

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