Geron Corp. (GERN) Stock Price Up 1.8%
Geron Corp. (NASDAQ:GERN) shares rose 1.8% during mid-day trading on Wednesday . The stock traded as high as $2.80 and last traded at $2.78, with a volume of 786,227 shares traded. The stock had previously closed at $2.73.
GERN has been the subject of several research reports. BTIG Research initiated coverage on shares of Geron Corp. in a research report on Friday, August 19th. They issued a “neutral” rating for the company. Zacks Investment Research lowered shares of Geron Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 10th. Finally, FBR & Co reiterated a “buy” rating on shares of Geron Corp. in a research report on Sunday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $6.20.
The firm has a market capitalization of $425.70 million and a price-to-earnings ratio of 334.375. The stock’s 50 day moving average is $2.70 and its 200-day moving average is $2.81.
Geron Corp. (NASDAQ:GERN) last released its quarterly earnings results on Wednesday, August 3rd. The biopharmaceutical company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. During the same quarter in the previous year, the business posted ($0.06) earnings per share. The business earned $0.21 million during the quarter, compared to the consensus estimate of $0.38 million. The firm’s revenue was down 15.9% on a year-over-year basis. Equities research analysts anticipate that Geron Corp. will post ($0.23) EPS for the current year.
Geron Corporation (Geron) is a biopharmaceutical company, which supports the clinical stage development of a telomerase inhibitor, Imetelstat, in hematologic myeloid malignancies by Janssen Biotech, Inc (Janssen). The Company operates through the segment, which includes discovery and development of therapeutic products for oncology.
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