Biocept (BIOC) Hits New 1-Year Low at $2.07
Biocept Inc (NASDAQ:BIOC)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $2.07 and last traded at $2.19, with a volume of 875 shares changing hands. The stock had previously closed at $2.25.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of Biocept from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. ValuEngine downgraded shares of Biocept from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Dawson James restated a “buy” rating on shares of Biocept in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Biocept has an average rating of “Hold” and an average target price of $0.92.
The company has a current ratio of 1.20, a quick ratio of 1.08 and a debt-to-equity ratio of 0.42. The company has a market cap of $6.25 million, a price-to-earnings ratio of -0.09 and a beta of 1.64.
A hedge fund recently raised its stake in Biocept stock. BlackRock Inc. grew its stake in Biocept Inc (NASDAQ:BIOC) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 794,302 shares of the medical research company’s stock after purchasing an additional 14,403 shares during the period. BlackRock Inc. owned about 34.99% of Biocept worth $159,000 as of its most recent filing with the Securities and Exchange Commission.
About Biocept (NASDAQ:BIOC)
Biocept, Inc, an early stage molecular oncology diagnostics company, develops and commercializes proprietary circulating tumor cell (CTC) and circulating tumor DNA assays utilizing a standard blood sample. The company's cancer assays provide information to healthcare providers to identify oncogenic alterations that qualify a subset of cancer patients for targeted therapy at diagnosis, progression, and monitoring in order to identify resistance mechanisms.
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