.jpg "Vical Inc Receives a Buy from H.C. Wainwright")
In a report released today, Ram Selvaraju from H.C. Wainwright reiterated a Buy rating on Vical Inc (NASDAQ: VICL), with a price target of $3.50. The company’s shares closed yesterday at $1.22, close to its 52-week low of $1.02.
According to TipRanks.com, Selvaraju is a 3-star analyst with an average return of 2.4% and a 39.4% success rate. Selvaraju covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, Biospecifics Technologies Corp, and EyePoint Pharmaceuticals Inc.
Vical Inc has an analyst consensus of Moderate Buy, with a price target consensus of $3.50.
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Based on Vical Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.27 million. In comparison, last year the company had a GAAP net loss of $2.82 million.
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Vical, Inc. engages in the research and development of biopharmaceutical products based on patented DNA delivery technologies for the prevention and treatment of serious or life-threatening diseases. It has active development programs which comprises of ongoing phase 2 trial of HSV-2 therapeutic vaccine, VCL-HB01, to treat patients with symptomatic genital herpes infection; ongoing phase 2 trial of novel antifungal VL-2397, for the treatment of patients with invasive aspergillosis; and early stage development program of a novel treatment for chronic hepatitis B virus (CHB) infection based on its DNA and lipid-delivery technologies. The company was founded by Howard E. Greene, Jr. Timothy J. Wollaeger, Karl Y. Hostetler and Douglas D. Richman in April 1987 and is headquartered in San Diego, CA.
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