Maxim Group analyst Jason McCarthy maintained a Buy rating on Atossa Genetics (NASDAQ: ATOS) today and set a price target of $10. The company’s shares opened today at $2.65, close to its 52-week low of $2.01.
McCarthy said:
“Atossa announced that the P2 study of oral Endoxifen to treat stage 1 or 2 breast cancer (BC) in the neoadjuvant “window of opportunity” setting, has opened for enrollment – targeting the “window” from time of diagnosis to surgery.”
According to TipRanks.com, McCarthy is a 4-star analyst with an average return of 9.9% and a 44.1% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, SELLAS Life Sciences Group Inc, and ContraVir Pharmaceuticals Inc.
Currently, the analyst consensus on Atossa Genetics is a Moderate Buy with an average price target of $10.
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Based on Atossa Genetics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.87 million. In comparison, last year the company had a GAAP net loss of $2.24 million.
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Atossa Genetics, Inc. operates as a clinical-stage pharmaceutical company, which focuses on the development of novel therapeutics and delivery methods for the treatment of breast cancer and other breast conditions. It offers ForeCYTE and ArgusCYTE diagnostic tests.
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