ValuEngine upgraded shares of Biocept (NASDAQ:BIOC) from a hold rating to a buy rating in a report released on Thursday morning.
BIOC has been the topic of a number of other research reports. Dawson James restated a buy rating on shares of Biocept in a report on Wednesday, October 3rd. Zacks Investment Research upgraded Biocept from a sell rating to a hold rating in a report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Biocept presently has a consensus rating of Hold and an average target price of $0.92.
Biocept stock traded down $0.03 during mid-day trading on Thursday, reaching $1.98. The stock had a trading volume of 75,790 shares, compared to its average volume of 319,259. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.20 and a quick ratio of 1.08. Biocept has a fifty-two week low of $1.89 and a fifty-two week high of $36.00.
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 its most recent Form 13F filing with the Securities & 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 quarter. BlackRock Inc. owned approximately 34.99% of Biocept worth $159,000 at the end of the most recent reporting period.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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