Geron Corp. (GERN) Shares Up 1.8%
Shares of Geron Corp. (NASDAQ:GERN) shot up 1.8% during trading on Wednesday . The stock traded as high as $2.80 and last traded at $2.78, with a volume of 786,227 shares trading hands. The stock had previously closed at $2.73.
Several brokerages have issued reports on GERN. BTIG Research began coverage on Geron Corp. in a research report on Friday, August 19th. They issued a “neutral” rating for the company. Zacks Investment Research downgraded 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 issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $6.20.
The firm has a 50 day moving average price of $2.70 and a 200-day moving average price of $2.81. The stock has a market capitalization of $424.90 million and a P/E ratio of 333.75.
Geron Corp. (NASDAQ:GERN) last issued its quarterly earnings results on Wednesday, August 3rd. The biopharmaceutical company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. The company had revenue of $0.21 million for the quarter, compared to analyst estimates of $0.38 million. During the same period in the prior year, the company earned ($0.06) EPS. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. Analysts forecast 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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