Justified?
https://www.stockhouse.com/Columnists/2008/May/15/Stem-cells-may-boost-biotech-company
This article explains GERN's long history of its ups and downs. It also comments on its current position in the market.
This company has alot of cash and no debt in its books. This gives this company a chance to pick itself up from the ground and go up.
However,it really needs to focus on beating its competitors. Although it hasreported a 85% quarterly revenue growth, its competitors are reporting200-600% growth. Hence, this company needs to find a successfulcompetitive advantage.
Other than that, it is up for the politics to determine the general trend for all bio companies.