In a report released today, Jason McCarthy from Maxim Group maintained a Buy rating on Biocept Inc (BIOC), with a price target of $3. The company’s shares closed yesterday at $0.91, close to its 52-week low of $0.66.
McCarthy noted:
“Biocept reported 1Q19 with ~$1M in revenue and a net loss of $5.9M. The company ended the period with $14.8M in cash on the balance sheet.”
According to TipRanks.com, McCarthy ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.6% and a 28.5% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as Teva Pharmaceutical Industries Limited, SELLAS Life Sciences Group Inc, and ContraVir Pharmaceuticals Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Biocept Inc with a $3 average price target.
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The company has a one-year high of $12.15 and a one-year low of $0.66. Currently, Biocept Inc has an average volume of 1.96M.
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Biocept, Inc. is an oncology laboratory service company, which focuses on the development and marketing of novel laboratory products in the detection of rare cells to include circulating tumor cells. It develops and commercializes proprietary circulating tumor cell and circulating tumor DNA tests utilizing a standard blood sample.
