Biocept (BIOC) Trading Up 5.6%
Biocept Inc (NASDAQ:BIOC) was up 5.6% during mid-day trading on Monday . The company traded as high as $0.80 and last traded at $0.75. Approximately 813,663 shares traded hands during trading, a decline of 38% from the average daily volume of 1,315,769 shares. The stock had previously closed at $0.71.
A number of equities research analysts have issued reports on BIOC shares. Zacks Investment Research downgraded Biocept from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. ValuEngine downgraded Biocept from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Chardan Capital restated a “buy” rating and set a $1.50 price target (down 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 given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $2.25.
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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