Needham Thinks OncoCyte’s Stock is Going to Recover

In a report released today, Michael Matson from Needham maintained a Buy rating on OncoCyte (OCXResearch Report), with a price target of $2.25. The company’s shares closed last Wednesday at $0.90, close to its 52-week low of $0.82.

According to, Matson is a 3-star analyst with an average return of 2.2% and a 46.1% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Zimmer Biomet Holdings, and Cardiovascular Systems.

Currently, the analyst consensus on OncoCyte is a Strong Buy with an average price target of $2.23.

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OncoCyte’s market cap is currently $103.7M and has a P/E ratio of -1.12.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is neutral on the stock.

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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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