Geron Corporation (NASDAQ:GERN) saw an upside of 0.77% to close Monday at $2.63 after adding $0.02 on the day. The 5-day average trading volume is 6,645,760 shares of the company’s common stock. It has gained $3.02 in the past week and touched a new high 1 time within the past 5 days. An average of 4,316,915 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,199,938.
GERN’s 1-month performance is -14.33% or -$0.44 on its low of $2.38 reached on 08/21/23. The company’s shares have touched a 52-week low of $1.95 and high of $3.84, with the stock’s rally to the 52-week high happening on 01/04/23. YTD, GERN has achieved 8.68% or $0.21 and has reached a new high 2 times. However, the current price is down -31.51% from the 52-week high price.
Insider Transactions
GERN stock investors last saw insider trading activity on May 11.LAWLIS V BRYAN (Director) most recently sold 35,000 shares at $3.00 per share on May 11. This transaction cost the insider $105,000. Director, Molineaux Susan, sold 35,000 shares at a price of $2.48 on May 01. Then, on Feb 10, Chairman, President and CEO SCARLETT JOHN A sold 446,668 shares at a price of $3.00 per share. This transaction amounted to $1,340,004.
Valuation Metrics
GERN stock has a beta of 0.84. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2689.65 while the price-to-book (PB) in the most recent quarter is 4.78.
Geron Corporation’s quick ratio for the period ended June 29 was 5.20, with the current ratio over the same period at 5.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.14, while the total debt to equity was 0.17. The trailing 12-month EBITDA margin is -23101.01%. The firm’s gross profit as reported stood at $139.15 million against revenue of $0.6 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 42.88% to -$49.23 million, while revenue of -$38.12 million was 22.57% off the previous quarter. Analysts expected GERN to announce -$0.08 per share in earnings in its latest quarter, but it posted -$0.09, representing a -12.50% surprise. EBITDA for the quarter stood at more than -$54.67 million. GERN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 116.87 million, with total debt at $55.93 million. Shareholders hold equity totaling $523.37 million.
Let’s look briefly at Geron Corporation (GERN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 30.23% to suggest the stock is trending Neutral, with historical volatility in this time period at 62.62%.
The stock’s 5-day moving average is $2.69, reflecting a -9.62% or -$0.28 change from its current price. GERN is currently trading -13.20% above its 20-day SMA, +21.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -28.73% and SMA200 by+22.33%.
Stochastic %K and %D was 14.33% and 14.06% and the average true range (ATR) pointed at 0.17. The RSI (14) points at 33.38%, while the 14-day stochastic is at 29.24% with the period’s ATR at 0.16. The stock’s 9-day MACD Oscillator is pointing at -0.23 and -0.31 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Geron Corporation (NASDAQ: GERN), Goldman launched coverage with a Neutral rating. Analysts offering their rating for GERN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GERN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 4 have offered a “buy” rating.
What is GERN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $6.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Geron Corporation (GERN) stock is $4.83.
