Currently, there are 543.06M common shares owned by the public and among those 445.12M shares have been available to trade.
Insiders at the company have transacted a total of 13 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 116,021 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 70,000 shares.
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However, the script later moved the day high at 2.0800, down -2.99%. The company’s stock has a 5-day price change of -17.72% and 4.28% over the past three months. GERN shares are trading -7.58% year to date (YTD), with the 12-month market performance down to -28.31% lower. It has a 12-month low price of $1.68 and touched a high of $3.73 over the same period. GERN has an average intraday trading volume of 6.16 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.80%, -5.65%, and -20.29% respectively.
Institutional ownership of Geron Corp. (NASDAQ: GERN) shares accounts for 55.42% of the company’s 543.06M shares outstanding.
It has a market capitalization of $1.06B and a beta (3y monthly) value of 0.55. The earnings-per-share (ttm) stands at -$0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.30% over the week and 6.90% over the month.
Analysts forecast that Geron Corp. (GERN) will achieve an EPS of -$0.1 for the current quarter, -$0.12 for the next quarter and -$0.36 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.12 while analysts give the company a high EPS estimate of -$0.09. Comparatively, EPS for the current quarter was -$0.1 a year ago. Earnings per share for the fiscal year are expected to increase by 7.21%, and -3.88% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -16.28% over the past 5-year period.
Looking at the support for the GERN, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on September 12, 2023, with the firm’s price target at $4. Goldman coverage for the Geron Corp. (GERN) stock in a research note released on March 28, 2023 offered a Neutral rating with a price target of $3. Wedbush was of a view on October 28, 2022 that the stock is Outperform, while B. Riley Securities gave the stock Buy rating on July 28, 2022, issuing a price target of $4. Robert W. Baird on their part issued Outperform rating on November 02, 2021.
