In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Geron Corp. (NASDAQ: GERN) closed at $3.50 in the last session, down -6.17% from day before closing price of $3.73. In other words, the price has decreased by -$6.17 from its previous closing price. On the day, 10.38 million shares were traded. GERN stock price reached its highest trading level at $3.815 during the session, while it also had its lowest trading level at $3.49.
Ratios:
We take a closer look at GERN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.16 and its Current Ratio is at 3.16. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.15.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on March 15, 2024, Reiterated its Buy rating but revised its target price to $5 from $4 previously.
On September 12, 2023, Goldman Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $4.
On March 28, 2023, Goldman started tracking the stock assigning a Neutral rating and target price of $3.Goldman initiated its Neutral rating on March 28, 2023, with a $3 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 24 ’23 when O’Farrell Elizabeth G. bought 6,607 shares for $2.28 per share. The transaction valued at 15,064 led to the insider holds 7,407 shares of the business.
O’Farrell Elizabeth G. bought 6,579 shares of GERN for $15,000 on Aug 24 ’23. The Director now owns 26,220 shares after completing the transaction at $2.28 per share. On May 11 ’23, another insider, LAWLIS V BRYAN, who serves as the Director of the company, sold 35,000 shares for $3.00 each. As a result, the insider received 105,000 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 2061058944 and an Enterprise Value of 1789001216. For the stock, the TTM Price-to-Sale (P/S) ratio is 8575.88 while its Price-to-Book (P/B) ratio in mrq is 7.69. Its current Enterprise Value per Revenue stands at 7548.528 whereas that against EBITDA is -9.245.
Stock Price History:
Over the past 52 weeks, GERN has reached a high of $4.05, while it has fallen to a 52-week low of $1.64. The 50-Day Moving Average of the stock is 27.06%, while the 200-Day Moving Average is calculated to be 46.74%.
Shares Statistics:
According to the various share statistics, GERN traded on average about 12.70M shares per day over the past 3-months and 11839530 shares per day over the past 10 days. A total of 544.91M shares are outstanding, with a floating share count of 482.67M. Insiders hold about 17.92% of the company’s shares, while institutions hold 51.18% stake in the company. Shares short for GERN as of 1711584000 were 46659627 with a Short Ratio of 3.67, compared to 1709164800 on 44905980. Therefore, it implies a Short% of Shares Outstanding of 46659627 and a Short% of Float of 7.9799999999999995.
