Geron Corp. (GERN) Trading Down 1.5%
Geron Corp. (NASDAQ:GERN)’s share price traded down 1.5% during mid-day trading on Monday . The company traded as low as $2.64 and last traded at $2.66, with a volume of 437,506 shares traded. The stock had previously closed at $2.70.
A number of equities analysts recently issued reports on the company. FBR & Co restated a “buy” rating on shares of Geron Corp. in a report on Sunday, May 8th. Zacks Investment Research raised Geron Corp. from a “hold” rating to a “strong-buy” rating and set a $3.00 target price for the company in a research report on Friday, August 5th. Finally, BTIG Research started coverage on Geron Corp. in a research report on Friday, August 19th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $6.20.
The stock has a market capitalization of $426.49 million and a PE ratio of 335.00. The stock’s 50 day moving average price is $2.70 and its 200-day moving average price is $2.81.
Geron Corp. (NASDAQ:GERN) last posted its quarterly earnings data on Wednesday, August 3rd. The biopharmaceutical company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.02. The firm 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 posted ($0.06) EPS. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. Equities 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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