Geron Corporation (GERN) Price Targets: What Do They Mean?

As of Friday close, Geron Corporation’s (NASDAQ:GERN) stock was down -$0.12, moving down -4.53 percent to $2.53. The average number of shares traded per day over the past five days has been 9,508,500 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.04 fall in that time frame. In the last twenty days, the average volume was 5,592,145, while in the previous 50 days, it was 7,740,216.

Since last month, GERN stock retreated -5.95%. Shares of the company fell to $2.36 on 03/17/23, the lowest level in the past month. A 52-week high of $3.84 was reached on 01/04/23 after having rallying from a 52-week low of $1.02. Since the beginning of this year, GERN’s stock price has risen by 4.55% or $0.11, and marked a new high 2 times. However, the stock has declined by -34.11% since its 52-week high.

GERN stock investors should be aware that Geron Corporation (GERN) stock had its last reported insider trading activity 36 days ago on Feb 10. SCARLETT JOHN A, the Chairman, President and CEO of the company, disposed of 446,668 shares for $3.00 on Feb 10. It resulted in a $1,340,004 divestment by the insider. SCARLETT JOHN A sold 446,666 shares at an average price of $3.03 on Feb 09. The insider now owns 0 shares following the transaction. On Feb 09, EVP, Chief Operating Officer GRETHLEIN ANDREW J sold 384,719 shares at $3.03 apiece. The transaction was valued at $1,165,699.

Valuation Metrics

The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 670.53, the price-to-book (PB) ratio of 9.37.

Financial Health

In the three months ended December 30, Geron Corporation’s quick ratio stood at 2.70, while its current ratio was 2.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.35, and the total debt-to-equity ratio was 0.47. Based on annual data, GERN earned $139.15 million in gross profit and brought in $0.6 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -64.70%. Return on equity (ROE) for the past 12 months was -110.80%.

In Geron Corporation’s quarter-end financial report for December 30, it reported total debt of $30.21 million against cash and short-term investments of $115.9 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GERN’s revenue fell -940.0% to $0.3 million during the quarter, while net income inched up to $100000.0. While analysts expected Geron Corporation to report -$0.12 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by 16.70%. During the quarter, the company generated -$42.45 million in EBITDA. The liabilities of Geron Corporation were 110.58 million at the end of its most recent quarter ended December 30, and its total debt was $55.75 million. The value of shareholders’ equity is $508.72 million.

Technical Picture

This quick technical analysis looks at Geron Corporation’s (GERN) price momentum. With a historical volatility rate of 51.38%, the RSI 9-day stood at 34.35% on 17 March.

With respect to its five-day moving average, the current Geron Corporation price is down by -1.56% percent or -$0.04. At present, GERN shares trade -6.99% below its 20-day simple moving average and +9.05% percent above its 100-day simple moving average. However, the stock is currently trading approximately -20.69% below its SMA50 and +83.33% above its SMA200.

Stochastic coefficient K was 37.23% and Stochastic coefficient D was 45.08%, while ATR was 0.16. Given the Stochastic reading of 29.70% for the 14-day period, the RSI (14) reading has been calculated as 37.93%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.13.