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Thursday, October 1, 2020

Investor Confidence is Falling for Geron Corporation (NASDAQ:GERN)

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The Geron Corporation (GERN) shares are trading at lower $1.88 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $2.40 and the low is $0.75. Over the last 52 weeks, GERN is down -21.46% while the S&P 500 is up 0.57%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, GERN reported a profit of $16.92 million. Geron Corporation also saw revenues increase to $52000.0. In addition, GERN has free cash flow of -$26.39 million as of 03-2020. The company’s EBITDA came in at -$16.72 million which compares well with its peers.

GERN Return on Equity (ROE) is -52.90%, and its Return on Assets is -46.90%. All told, it is clear that, GERN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. GERN has a short ratio of 7.15 and outstanding shares of 200.22M.

Company Outlook

GERN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.29 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.39. Geron Corporation GERN also noted assets of $142.89 million at the end of the last quarter. Investors should also keep an eye on sector updates as GERN has historically followed its peers on positive news.

All told, Geron Corporation GERN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, GERN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Geron Corporation GERN is now commanding a market cap of 584.99M and a float of 183.99M. GERN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of GERN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in GERN, either long or short, and we have not been compensated for this article.

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