Geron (GERN) Announces Quarterly Earnings, Hits Estimates
Geron (NASDAQ:GERN) posted its quarterly earnings results on Monday. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06), Stock Ratings News reports.
Geron (NASDAQ:GERN) traded up 3.67% during mid-day trading on Monday, hitting $2.54. The stock had a trading volume of 2,167,873 shares. Geron has a 1-year low of $1.3138 and a 1-year high of $7.3629. The stock’s 50-day moving average is $2.6 and its 200-day moving average is $2.81. The company’s market cap is $398.6 million.
On the ratings front, analysts at MLV & Co
upgraded shares of Geron from a “hold” rating to a “buy” rating in a research note on Thursday, June 12th. They now have a $4.25 price target on the stock, up previously from $2.00. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Geron presently has a consensus rating of “Hold” and an average target price of $4.25.
Geron Corporation (NASDAQ:GERN) is a clinical-stage biopharmaceutical company developing a first-in-class telomerase inhibitor, imetelstat, in hematologic myeloid malignancies.
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