In a report released on November 11, Mark Massaro from BTIG reiterated a Buy rating on OncoCyte (OCX – Research Report), with a price target of $2.00. The company’s shares closed last Friday at $0.47.
According to TipRanks, Massaro is an analyst with an average return of -4.3% and a 40.43% success rate. Massaro covers the Healthcare sector, focusing on stocks such as T2 Biosystems, Exact Sciences, and Natera.
OncoCyte has an analyst consensus of Strong Buy, with a price target consensus of $1.63, which is a 246.81% upside from current levels. In a report released on November 11, Needham also maintained a Buy rating on the stock with a $1.40 price target.
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Based on OncoCyte’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.07 million and a GAAP net loss of $8.3 million. In comparison, last year the company earned a revenue of $2.03 million and had a GAAP net loss of $10.49 million
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OCX in relation to earlier this year.
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OncoCyte Corp. is a pharmaceutical company. It is focused on the discovery, development and commercialization of novel, non-invasive, liquid biopsy diagnostics for the early detection of cancer. The company was founded in September 2009 and is headquartered in Alameda, CA.
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