Biocept (BIOC) Shares Gap Up to $0.72
Shares of Biocept Inc (NASDAQ:BIOC) gapped up prior to trading on Wednesday . The stock had previously closed at $0.67, but opened at $0.72. Biocept shares last traded at $0.71, with a volume of 375576 shares changing hands.
Several analysts have issued reports on BIOC shares. Zacks Investment Research raised Biocept from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Chardan Capital reissued 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. Finally, ValuEngine raised Biocept from a “strong sell” rating to a “sell” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $2.25.
The firm has a market cap of $21.86, a price-to-earnings ratio of -0.81 and a beta of 2.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.41.
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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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