Vical Incorporated (NASDAQ:VICL)’s share price rose 5% on Wednesday . The company traded as high as $3.15 and last traded at $2.82. Approximately 254,413 shares traded hands during trading, an increase of 5% from the average daily volume of 241,337 shares. The stock had previously closed at $2.97.
VICL has been the topic of a number of recent analyst reports. HC Wainwright set a $9.00 target price on shares of Vical and gave the stock a “buy” rating in a report on Wednesday, August 9th. ValuEngine downgraded shares of Vical from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Ifs Securities restated an “outperform” rating on shares of Vical in a report on Tuesday, August 8th.
The stock’s market cap is $32.50 million. The firm has a 50-day moving average price of $2.51 and a 200 day moving average price of $2.43.
Vical (NASDAQ:VICL) last issued its quarterly earnings data on Tuesday, August 8th. The biotechnology company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.02). Vical had a negative net margin of 92.02% and a negative return on equity of 26.09%. The company had revenue of $3.42 million for the quarter, compared to the consensus estimate of $3.35 million. Analysts anticipate that Vical Incorporated will post ($1.05) EPS for the current year.
A hedge fund recently raised its stake in Vical stock. New York State Common Retirement Fund raised its stake in shares of Vical Incorporated (NASDAQ:VICL) by 83.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,706 shares of the biotechnology company’s stock after acquiring an additional 59,504 shares during the period. New York State Common Retirement Fund owned about 1.18% of Vical worth $354,000 as of its most recent SEC filing. 23.50% of the stock is currently owned by institutional investors and hedge funds.
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