The price of Geron Corp. (NASDAQ:GERN) shares last traded on Wall Street fell -7.77% to $1.78.
Based on available information, 6 analysts follow Geron Corp. (NASDAQ:GERN). The consensus rating among analysts is ‘Buy’. 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 $1.93, this indicates a potential upside of 159.07 percent. GERN stock price is now -14.55% away from the 50-day moving average and -33.59% away from the 200-day moving average. The market capitalization of the company currently stands at $931.60M.
Among analysts, 0 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $4.83 as their price target over the next twelve months.
With the price target maintained at $4, Goldman recently Upgraded its rating from Neutral to Buy for Geron Corp. (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 $13184.46. 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 $46671.6. Insiders disposed of 2,194,719 shares of company stock worth roughly $3.91 million over the past 1 year. A total of 15.72% of the company’s stock is owned by insiders.
A candlestick chart of Geron Corp. (NASDAQ: GERN) showed a price of $1.9300 on Thursday morning. During the past 12 months, Geron Corp. has had a low of $1.73 and a high of $3.84. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 5.20, and a quick ratio of 5.20. The fifty day moving average price for GERN is $2.0728 and a two-hundred day moving average price translates $2.6737 for the stock.
The latest earnings results from Geron Corp. (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 net profit margin was -38007.78% and return on equity was -77.66% for GERN. 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.
