The closing price of Geron Corporation (NASDAQ: GERN) was $3.07 for the day, down -2.54% from the previous closing price of $3.15. In other words, the price has decreased by -$0.0800 from its previous closing price. On the day, 6277514 shares were traded. GERN stock price reached its highest trading level at $3.2300 during the session, while it also had its lowest trading level at $3.0200.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Our analysis of GERN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 8.80 and its Current Ratio is at 8.80. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 11 when LAWLIS V BRYAN sold 35,000 shares for $3.00 per share. The transaction valued at 105,000 led to the insider holds 0 shares of the business.
Molineaux Susan sold 35,000 shares of GERN for $86,800 on May 01. The Director now owns 0 shares after completing the transaction at $2.48 per share. On Feb 10, another insider, SCARLETT JOHN A, who serves as the Chairman, President and CEO of the company, sold 446,668 shares for $3.00 each. As a result, the insider received 1,340,004 and left with 0 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GERN now has a Market Capitalization of 1.58B and an Enterprise Value of 1.46B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3022.35 while its Price-to-Book (P/B) ratio in mrq is 5.12. Its current Enterprise Value per Revenue stands at 2.96k whereas that against EBITDA is -10.31.
Stock Price History:
Over the past 52 weeks, GERN has reached a high of $3.84, while it has fallen to a 52-week low of $1.18. The 50-Day Moving Average of the stock is 2.4922, while the 200-Day Moving Average is calculated to be 2.5198.
GERN traded an average of 5.61M shares per day over the past three months and 5.93M shares per day over the past ten days. A total of 544.46M shares are outstanding, with a floating share count of 380.57M. Insiders hold about 0.10% of the company’s shares, while institutions hold 50.50% stake in the company. Shares short for GERN as of Apr 27, 2023 were 23.61M with a Short Ratio of 23.61M, compared to 24.55M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.64% and a Short% of Float of 4.66%.
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.11, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.09 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.34 and -$0.44 for the fiscal current year, implying an average EPS of -$0.38. EPS for the following year is -$0.31, with 5 analysts recommending between -$0.23 and -$0.37.
A total of 5 analysts have provided revenue estimates for GERN’s current fiscal year. The highest revenue estimate was $470k, while the lowest revenue estimate was $20k, resulting in an average revenue estimate of $180k. In the same quarter a year ago, actual revenue was $596k, down -69.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $103.01M in the next fiscal year. The high estimate is $199.07M and the low estimate is $40.27M. The average revenue growth estimate for next year is up 57,127.80% from the average revenue estimate for this year.