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Why Geron Corp. (GERN) Stock Could See Much Higher Prices Ahead

Geron Corp. (NASDAQ: GERN) is 74.88% higher on its value in year-to-date trading and has touched a low of $1.64 and a high of $4.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GERN stock was last observed hovering at around $3.73 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $3.69, the stock is 8.74% and 37.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.23 million and changing -1.07% at the moment leaves the stock 55.05% off its SMA200. GERN registered 77.40% gain for a year compared to 6-month gain of 99.46%.

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The stock witnessed a 7.27% loss in the last 1 month and extending the period to 3 months gives it a 96.28%, and is 1.37% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.77% over the week and 6.30% over the month.

Geron Corp. (GERN) has around 141 employees, a market worth around $2.17B and $0.24M in sales. Profit margin for the company is -77691.14%. Distance from 52-week low is 125.00% and -8.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-64.38%).

Geron Corp. quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $30k over the same period.The EPS is expected to shrink by -1.56% this year, but quarterly earnings will post 22,292.40% year-over-year. Quarterly sales are estimated to grow 42.90% in year-over-year returns.

Geron Corp. (GERN) Top Institutional Holders

The shares outstanding are 544.91M, and float is at 482.67M with Short Float at 9.67%.

Geron Corp. (GERN) Insider Activity

The most recent transaction is an insider purchase by O’Farrell Elizabeth G.,the company’sDirector. SEC filings show that O’Farrell Elizabeth G. bought 6,607 shares of the company’s common stock on Aug 24 ’23 at a price of $2.28 per share for a total of $15064.0. Following the purchase, the insider now owns 7407.0 shares.

Geron Corp. disclosed in a document filed with the SEC on Aug 24 ’23 that O’Farrell Elizabeth G. (Director) bought a total of 6,579 shares of the company’s common stock. The trade occurred on Aug 24 ’23 and was made at $2.28 per share for $15000.0. Following the transaction, the insider now directly holds 26220.0 shares of the GERN stock.

Still, SEC filings show that on May 11 ’23, LAWLIS V BRYAN (Director) disposed off 35,000 shares at an average price of $3.00 for $0.1 million. The insider now directly holds 0 shares of Geron Corp. (GERN).

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