In yesterday’s Wall Street session, Geron Corp. (NASDAQ:GERN) shares traded at $3.55, up 2.31% from the previous session.
GERN stock price is now -1.12% away from the 50-day moving average and 43.81% away from the 200-day moving average. The market capitalization of the company currently stands at $2.11B.
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With the price target maintained at $4.50, Robert W. Baird recently Downgraded its rating from Outperform to Neutral for Geron Corp. (NASDAQ: GERN). On April 29, 2024, TD Cowen recently initiated its ‘Buy’ rating on the stock quoting a target price of $10, while ‘Needham’ rates the stock as ‘Buy’
In other news, LAWLIS V BRYAN, Director sold 35,000 shares of the company’s stock on May 15 ’24. The stock was sold for $131,250 at an average price of $3.75. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24 ’23, Director O’Farrell Elizabeth G. bought 6,607 shares of the business’s stock. A total of $15,064 was incurred on buying the stock at an average price of $2.28. This leaves the insider owning 7,407 shares of the company worth $26294.85. A total of 15.67% of the company’s stock is owned by insiders.
During the past 12 months, Geron Corp. has had a low of $1.64 and a high of $4.30. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 3.67, and a quick ratio of 3.67. The fifty day moving average price for GERN is $3.5924 and a two-hundred day moving average price translates $2.46565 for the stock.
The latest earnings results from Geron Corp. (NASDAQ: GERN) was released for 2024-03-31. According to the Biotechnology Company, earnings per share came in at -0.09, missing analysts’ expectations of -0.08 by -0.01. This compares to -$0.07 EPS in the same period last year. The net profit margin was -38730.00% and return on equity was -60.04% for GERN. The company reported revenue of $0.3 million for the quarter, compared to $21000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1347.62 percent. For the current quarter, analysts expect GERN to generate $60k in revenue.
