Wedbush analyst Robert Driscoll has once again expressed confidence in Geron (NASDAQ: GERN), reiterating an Outperform rating and a $6 price target on March 15, 2024. This reaffirmation underscores Wedbush’s optimistic view on Geron’s potential performance, signaling a positive outlook for the stock moving forward.
Geron Corporation (GERN) Stock Skyrockets 82.29% on March 15, 2024: Potential for Growth and Investor Interest
On March 15, 2024, Geron Corporation (GERN) had an impressive performance in the stock market. The stock opened at $3.01, which was $1.26 higher than its previous close. Throughout the day, GERN shares continued to climb, closing at $4.45. This marked a significant increase of $1.44, or 82.29%, from the previous day’s closing price. Investors may have been drawn to GERN on this day due to its strong price momentum and significant price increase. The stock’s performance on March 15th demonstrated that it had the potential for growth and was attracting interest from traders. Investors and analysts may continue to monitor GERN’s performance in the coming days to see if this positive trend continues.
GERN Corporation (GERN) Sees Decrease in Revenue and Net Income, Slight Increase in EPS – March 15, 2024 Update
On March 15, 2024, Geron Corporation (GERN) saw a significant decrease in its total revenue compared to both the previous year and the last quarter. According to data from CNN Money, the total revenue for GERN was $237.00K in the past year, which decreased by 60.23% from the previous year. In the last quarter, the total revenue further decreased to $23.00K, representing an 85.98% decrease from the previous quarter.
The net income for GERN also experienced a decline, with a net loss of -$184.13M in the past year and a net loss of -$51.97M in the last quarter. This represents a 29.76% decrease in net income since the previous year and a 16.0% decrease since the last quarter.
Despite these declines, there was a slight increase in earnings per share (EPS) for GERN. The EPS was -$0.32 in the past year, which increased by 13.39% compared to the previous year. In the last quarter, the EPS remained steady at -$0.09, showing no change from the previous quarter.
Overall, GERN’s stock performance on March 15, 2024, reflected a decrease in total revenue and net income, but a slight increase in earnings per share. Investors will need to closely monitor GERN’s financial performance in the coming quarters.
