Geron Corp. [GERN] stock prices are up 84.62% to $3.36 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GERN shares have gain 49.33% over the last week, with a monthly amount glided 60.00%, and seem to be holding up well over a long-time horizon.
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On 14, March 2024, Geron Announces FDA Oncologic Drugs Advisory Committee Votes in Favor of the Clinical Benefit/Risk Profile of Imetelstat for the Treatment of Transfusion-Dependent Anemia in Patients with Lower-Risk MDS. In a post published today on Yahoo Finance, FDA Oncologic Drugs Advisory Committee voted 12 to 2 in favor of the clinical benefit/risk profile of imetelstat based on results from the IMerge Phase 3 clinical trial.
From an analyst’s perspective:
Geron Corp. [NASDAQ: GERN] stock has seen the most recent analyst activity on March 15, 2024, when Needham reiterated its Buy rating and also boosted its price target to $5 from $4. Previously, Goldman upgraded its rating to Buy on September 12, 2023, and kept the price target unchanged to $4. On March 28, 2023, Goldman initiated with a Neutral rating and assigned a price target of $3 on the stock. Wedbush started tracking the stock assigning a Outperform rating and suggested a price target of $5 on October 28, 2022. Robert W. Baird started tracking with a Outperform rating for this stock on November 02, 2021, and assigned it a price target of $4.
The stock price of Geron Corp. [GERN] has been fluctuating between $1.64 and $3.73 over the past year. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Geron Corp. [NASDAQ: GERN] shares were valued at $3.36 at the most recent close of the market. An investor can expect a potential return of 48.81% based on the average GERN price forecast.
Analyzing the GERN fundamentals
The Geron Corp. [NASDAQ:GERN] reported sales of 0.24M for trailing twelve months, representing a drop of -77.67%. Gross Profit Margin for this corporation currently stands at -126.4% with Operating Profit Margin at -818.33%, Pretax Profit Margin comes in at -776.91%, and Net Profit Margin reading is -776.71%. To continue investigating profitability, this company’s Return on Assets is posted at -0.47, Equity is -0.63 and Total Capital is -0.68. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.08 points at the first support level, and at 2.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.57, and for the 2nd resistance point, it is at 3.77.
Geron Corp. [GERN] reported earnings per share of -$0.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of $0.01 and a surprise factor of 10.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.08 per share as compared to estimates of -$0.1 per share, a difference of $0.02 representing a surprise of 20.00%.
Ratios To Look Out For
It’s worth pointing out that Geron Corp. [NASDAQ:GERN]’s Current Ratio is 3.16. As well, the Quick Ratio is 3.16, while the Cash Ratio is 0.66. Considering the valuation of this stock, the price to sales ratio is 7644.84, the price to book ratio is 7.38.
Transactions by insiders
Recent insider trading involved O’Farrell Elizabeth G., Director, that happened on Aug 24 ’23 when 6607.0 shares were purchased. Director, O’Farrell Elizabeth G. completed a deal on Aug 24 ’23 to buy 6579.0 shares. Meanwhile, Director LAWLIS V BRYAN sold 35000.0 shares on May 11 ’23.
