The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of Geron Corp. (NASDAQ: GERN) was $3.93 for the day, down -0.51% from the previous closing price of $3.95. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 8.44 million shares were traded. GERN stock price reached its highest trading level at $4.02 during the session, while it also had its lowest trading level at $3.74.
Ratios:
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 3.67 and its Current Ratio is at 3.67. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.04.
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:
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 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 2331012608 and an Enterprise Value of 1974490880. For the stock, the TTM Price-to-Sale (P/S) ratio is 4482.69 while its Price-to-Book (P/B) ratio in mrq is 6.74. Its current Enterprise Value per Revenue stands at 3797.098 whereas that against EBITDA is -9.423.
Stock Price History:
The Beta on a monthly basis for GERN is 0.46, which has changed by 0.43636358 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, GERN has reached a high of $4.30, while it has fallen to a 52-week low of $1.64. The 50-Day Moving Average of the stock is 29.57%, while the 200-Day Moving Average is calculated to be 63.05%.
Shares Statistics:
GERN traded an average of 13.37M shares per day over the past three months and 11764710 shares per day over the past ten days. A total of 544.91M shares are outstanding, with a floating share count of 482.79M. Insiders hold about 18.49% of the company’s shares, while institutions hold 50.59% stake in the company. Shares short for GERN as of 1713139200 were 49415249 with a Short Ratio of 3.70, compared to 1710460800 on 50949748. Therefore, it implies a Short% of Shares Outstanding of 49415249 and a Short% of Float of 8.44.
