In yesterday’s Wall Street session, Geron Corporation (NASDAQ:GERN) shares traded at $2.48, up 2.06% from the previous session.
As of this writing, 6 analysts cover Geron Corporation (NASDAQ:GERN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $4.00, we find $5.00. Given the previous closing price of $2.43, this indicates a potential upside of 105.76 percent. GERN stock price is now -15.95% away from the 50-day moving average and -10.14% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
There are 1 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $4.83 as their price target over the next twelve months.
With the price target of $3, Goldman recently initiated with Neutral rating for Geron Corporation (NASDAQ: GERN).
In other news, O’Farrell Elizabeth G., Director bought 6,607 shares of the company’s stock on Aug 24. The stock was bought for $15,064 at an average price of $2.28. Upon completion of the transaction, the Director now directly owns 7,407 shares in the company, valued at $18369.36. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24, Director O’Farrell Elizabeth G. bought 6,579 shares of the business’s stock. A total of $15,000 was incurred on buying the stock at an average price of $2.28. This leaves the insider owning 26,220 shares of the company worth $65025.6. Insiders disposed of 2,194,719 shares of company stock worth roughly $5.44 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GERN stock. A new stake in Geron Corporation shares was purchased by MARSHALL WACE, LLP during the first quarter worth $24,330,000. ARMISTICE CAPITAL, LLC invested $11,160,000 in shares of GERN during the first quarter. In the first quarter, SEGALL BRYANT & HAMILL, LLC acquired a new stake in Geron Corporation valued at approximately $8,543,000. BOXER CAPITAL, LLC acquired a new stake in GERN for approximately $7,440,000. OPALEYE MANAGEMENT INC. purchased a new stake in GERN valued at around $5,828,000 in the second quarter. In total, there are 249 active investors with 50.50% ownership of the company’s stock.
Friday morning saw Geron Corporation (NASDAQ: GERN) opened at $2.4700. During the past 12 months, Geron Corporation has had a low of $1.95 and a high of $3.84. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 5.20, and a quick ratio of 5.20. The fifty day moving average price for GERN is $2.9380 and a two-hundred day moving average price translates $2.7610 for the stock.
The latest earnings results from Geron Corporation (NASDAQ: GERN) was released for Jun, 2023. According to the Biotechnology Company, earnings per share came in at -$0.09, missing analysts’ expectations of -$0.08 by -0.01. This compares to -$0.07 EPS in the same period last year. The company reported revenue of $29000.0 for the quarter, compared to $73000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -60.27 percent. For the current quarter, analysts expect GERN to generate $60k in revenue.
Geron Corporation(GERN) Company Profile
Geron Corporation, a late-stage clinical biopharmaceutical company, focuses on the development and commercialization of therapeutics for myeloid hematologic malignancies. It develops imetelstat, a telomerase inhibitor that is in Phase 3 clinical trials, which inhibits the uncontrolled proliferation of malignant stem and progenitor cells in myeloid hematologic malignancies for the treatment of low or intermediate-1 risk myelodysplastic syndromes and intermediate-2 or high-risk myelofibrosis. Geron Corporation was incorporated in 1990 and is headquartered in Foster City, California.
