Biocept (BIOC) Shares Gap Down to $1.67

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Biocept Inc (NASDAQ:BIOC) gapped down before the market opened on Wednesday . The stock had previously closed at $1.44, but opened at $1.67. Biocept shares last traded at $3.23, with a volume of 328930 shares traded.

A number of equities research analysts have commented on BIOC shares. ValuEngine raised shares of Biocept from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Dawson James reaffirmed a “buy” rating on shares of Biocept in a research note on Wednesday, October 3rd. Finally, Zacks Investment Research raised shares of Biocept from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th.

The company has a market cap of $5.00 million, a PE ratio of -0.11 and a beta of 1.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.50 and a current ratio of 2.63.

Biocept (NASDAQ:BIOC) last issued its earnings results on Tuesday, November 13th. The medical research company reported ($2.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.71) by ($0.71). The business had revenue of $0.76 million during the quarter, compared to the consensus estimate of $1.02 million. Biocept had a negative net margin of 715.42% and a negative return on equity of 456.20%. On average, equities analysts predict that Biocept Inc will post -9.39 earnings per share for the current year.

An institutional investor recently bought a new position in Biocept stock. Dimensional Fund Advisors LP acquired a new position in shares of Biocept Inc (NASDAQ:BIOC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,445 shares of the medical research company’s stock, valued at approximately $108,000. Dimensional Fund Advisors LP owned about 1.74% of Biocept at the end of the most recent reporting period. Institutional investors own 10.47% of the company’s stock.

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Biocept Company Profile (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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