Vericel Corp. (VCEL) Trading 3.8% Higher
Vericel Corp. (NASDAQ:VCEL) shares traded up 3.8% on Thursday . The stock traded as high as $2.38 and last traded at $2.21, with a volume of 504,281 shares traded. The stock had previously closed at $2.13.
Several research analysts have weighed in on the stock. Bank of America Corp. lowered shares of Vericel Corp. from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Vericel Corp. in a research note on Tuesday, April 5th.
The firm has a 50-day moving average of $2.29 and a 200 day moving average of $2.77. The company’s market capitalization is $48.45 million.
Vericel Corp. (NASDAQ:VCEL) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.17. The business earned $14.10 million during the quarter, compared to analysts’ expectations of $11.60 million. On average, equities research analysts forecast that Vericel Corp. will post ($0.79) EPS for the current year.
Vericel Corporation (Vericel), formerly Aastrom Biosciences, Inc develops patient-specific expanded cellular therapies for use in the treatment of patients with diseases and conditions. Vericel markets two autologous cell therapy products in the United States: Carticel (autologous cultured chondrocytes), an autologous chondrocyte implant for the treatment of cartilage defects in the knee, and Epicel (cultured epidermal autografts), a permanent skin replacement for the treatment of patients with deep-dermal or full-thickness burns greater than or equal to 30% of total body surface area (TBSA).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.