Technicals Say Geron Corporation (GERN) Is Worth Holding


At the last check on Thursday, Geron Corporation’s (NASDAQ:GERN) stock was down -$0.03, moving down -1.11 percent to $3.11. The average number of shares traded per day over the past five days has been 4,878,626 shares. 3 times new highs have been achieved over the past 5 days, with a $0.13 gain in that time frame. In the last twenty days, the average volume was 5,019,501, while in the previous 50 days, it was 5,830,168.

Since last month, GERN stock rose 27.78%. Shares of the company fell to $2.33 on 04/27/23, 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 $1.18. Since the beginning of this year, GERN’s stock price has risen by 28.31% or $0.69, and marked a new high 2 times. However, the stock has declined by -19.14% since its 52-week high.

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GERN stock investors should be aware that Geron Corporation (GERN) stock had its last reported insider trading activity 14 days ago on May 11. LAWLIS V BRYAN, the Director of the company, disposed of 35,000 shares for $3.00 on May 11. It resulted in a $105,000 divestment by the insider. Molineaux Susan sold 35,000 shares at an average price of $2.48 on May 01. The insider now owns 0 shares following the transaction. On Feb 10, Chairman, President and CEO SCARLETT JOHN A sold 446,668 shares at $3.00 apiece. The transaction was valued at $1,340,004.

Valuation Metrics

The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 3091.27, the price-to-book (PB) ratio of 5.23.

Financial Health

In the three months ended March 30, Geron Corporation’s quick ratio stood at 8.80, while its current ratio was 8.80, 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 March 30 was 0.16, and the total debt-to-equity ratio was 0.16. 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 -105.70%. Return on equity (ROE) for the past 12 months was -91.40%.

In Geron Corporation’s quarter-end financial report for March 30, it reported total debt of $51.4 million against cash and short-term investments of $267.96 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 -500.0% during the quarter, while net income inched up to $20000.0. While analysts expected Geron Corporation to report -$0.1 quarterly earnings, the actual figure was -$0.07 per share. During the quarter, the company generated -$41.33 million in EBITDA. The liabilities of Geron Corporation were 98.82 million at the end of its most recent quarter ended March 30, and its total debt was $55.84 million. The value of shareholders’ equity is $508.77 million.

Technical Picture

This quick technical analysis looks at Geron Corporation’s (GERN) price momentum. With a historical volatility rate of 32.57%, the RSI 9-day stood at 66.05% on 24 May.

With respect to its five-day moving average, the current Geron Corporation price is up by +4.36% percent or $0.13. At present, GERN shares trade +30.67% above its 20-day simple moving average and +28.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.70% above its SMA50 and +50.24% above its SMA200.

Stochastic coefficient K was 77.91% and Stochastic coefficient D was 82.70%, while ATR was 0.14. Given the Stochastic reading of 77.36% for the 14-day period, the RSI (14) reading has been calculated as 65.60%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.11.

Analyst Ratings

Geron Corporation (GERN) has been rated Overweight by analysts. According to 0 brokerage firms, GERN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Geron Corporation stock as buy, with 4 recommending it as overweight.

With a median target price of $5.00, the current consensus forecast for the stock is $4.00 – $6.00. Based on these forecasts, analysts predict Geron Corporation (GERN) will achieve an average price target of $4.83.


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