A Stock With Stellar Fundamentals? Geron Corp. (NASDAQ:GERN): Is It Right For You?

In yesterday’s Wall Street session, Geron Corp. (NASDAQ:GERN) shares traded at $1.91, up 3.24% from the previous session.

As of this writing, 6 analysts cover 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 $1.85, this indicates a potential upside of 170.27 percent. GERN stock price is now -7.00% away from the 50-day moving average and -28.24% away from the 200-day moving average. The market capitalization of the company currently stands at $1.04B.

There are 0 analysts who have given it a hold rating, whereas 5 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 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 $14147.37. 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 $50080.2. Insiders disposed of 2,194,719 shares of company stock worth roughly $4.19 million over the past 1 year. A total of 15.72% of the company’s stock is owned by insiders.

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 $2.0538 and a two-hundred day moving average price translates $2.6616 for the stock.

The latest earnings results from Geron Corp. (NASDAQ: GERN) was released for Sep, 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 -$0.10 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 $0.16 million for the quarter, compared to $0.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.78 percent. For the current quarter, analysts expect GERN to generate $60k in revenue.

Geron Corp.(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.

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