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After finishing at $4.40 in the prior trading day, Geron Corp. (NASDAQ: GERN) closed at $4.29, down -2.50%. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 7.64 million shares were traded. GERN stock price reached its highest trading level at $4.39 during the session, while it also had its lowest trading level at $4.24.
Ratios:
Our goal is to gain a better understanding of GERN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.60 and its Current Ratio is at 3.61. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.13.
On April 29, 2024, TD Cowen started tracking the stock assigning a Buy rating and target price of $10.
Needham reiterated its Buy rating for the stock on March 15, 2024, while the target price for the stock was revised from $4 to $5.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 08 ’24 when GRETHLEIN ANDREW J sold 674,348 shares for $4.56 per share. The transaction valued at 3,073,004 led to the insider holds 0 shares of the business.
Feller Faye sold 287,900 shares of GERN for $1,334,129 on Jun 10 ’24. The EVP, Chief Medical Officer now owns 0 shares after completing the transaction at $4.63 per share. On Jun 10 ’24, another insider, Kapur Anil, who serves as the EVP, Corp Strategy & CCO of the company, sold 421,875 shares for $4.64 each. As a result, the insider received 1,959,609 and left with 0 shares of the company.
Valuation Measures:
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 2652301312 and an Enterprise Value of 2376608512. For the stock, the TTM Price-to-Sale (P/S) ratio is 1887.60 while its Price-to-Book (P/B) ratio in mrq is 8.41. Its current Enterprise Value per Revenue stands at 1730.96 whereas that against EBITDA is -10.48.
Stock Price History:
Over the past 52 weeks, GERN has reached a high of $5.34, while it has fallen to a 52-week low of $1.64. The 50-Day Moving Average of the stock is -6.13%, while the 200-Day Moving Average is calculated to be 31.63%.
Shares Statistics:
The stock has traded on average 12.02M shares per day over the past 3-months and 7836120 shares per day over the last 10 days, according to various share statistics. A total of 602.80M shares are outstanding, with a floating share count of 551.80M. Insiders hold about 8.46% of the company’s shares, while institutions hold 69.60% stake in the company. Shares short for GERN as of 1723680000 were 69108061 with a Short Ratio of 5.75, compared to 1721001600 on 44657819. Therefore, it implies a Short% of Shares Outstanding of 69108061 and a Short% of Float of 11.53.
