Stocks of Geron Corp. (NASDAQ:GERN) traded higher last session on Wall Street, up 0.64% to $4.69.
GERN stock price is now 8.47% away from the 50-day moving average and 61.66% away from the 200-day moving average. The market capitalization of the company currently stands at $2.78B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, GRETHLEIN ANDREW J, EVP, Chief Operating Officer sold 674,348 shares of the company’s stock on Jul 08 ’24. The stock was sold for $3,073,004 at an average price of $4.56. Upon completion of the transaction, the EVP, Chief Operating Officer 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 Jun 10 ’24, EVP, Corp Strategy & CCO Kapur Anil sold 421,875 shares of the business’s stock. A total of $1,959,609 was realized by selling the stock at an average price of $4.64. A total of 15.62% 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 $5.34. 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 $4.3394 and a two-hundred day moving average price translates $2.9149 for the stock.
The latest earnings results from Geron Corp. (NASDAQ: GERN) was released for 2024-03-31. 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.
