Biocept (BIOC) Sees Strong Trading Volume
Biocept Inc (NASDAQ:BIOC) saw an uptick in trading volume on Tuesday . 3,128,144 shares were traded during trading, an increase of 260% from the previous session’s volume of 868,607 shares.The stock last traded at $0.72 and had previously closed at $0.72.
A number of research firms have recently weighed in on BIOC. ValuEngine raised Biocept from a “strong sell” rating to a “sell” rating in a research note on Monday, October 16th. Zacks Investment Research lowered Biocept from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Chardan Capital reaffirmed a “buy” rating and issued a $1.50 price target (down previously from $2.50) on shares of Biocept in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Biocept currently has a consensus rating of “Hold” and a consensus price target of $2.25.
The stock has a market capitalization of $21.86, a P/E ratio of -0.81 and a beta of 2.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 1.27.
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Biocept Company Profile
Biocept, Inc is an early commercial-stage molecular oncology diagnostics company. The Company develops and commercializes circulating tumor cell (CTC) and circulating tumor deoxyribonucleic acid (ctDNA), assays utilizing a standard blood sample, or liquid biopsy. The Company’s Target-Selector offering is based on an internally developed, microfluidics-based CTC capture and analysis platform, with enabling features that change how CTC testing can be used by clinicians by providing biomarker detection and monitoring requiring only a standard blood sample.
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