Biocept (NASDAQ:BIOC) Sees Unusually-High Trading Volume

Biocept Inc (NASDAQ:BIOC) shares saw strong trading volume on Thursday . 46,706,071 shares were traded during mid-day trading, an increase of 350% from the previous session’s volume of 10,369,934 shares.The stock last traded at $0.36 and had previously closed at $0.29.

Separately, Maxim Group reissued a “buy” rating and issued a $1.00 target price on shares of Biocept in a research note on Friday, March 6th.

The stock has a market cap of $30.33 million, a PE ratio of -0.25 and a beta of 0.08. The stock has a fifty day simple moving average of $0.35 and a two-hundred day simple moving average of $0.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.36 and a current ratio of 2.50.

Biocept (NASDAQ:BIOC) last released its quarterly earnings results on Wednesday, March 25th. The medical research company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.10). The company had revenue of $1.78 million during the quarter. Biocept had a negative return on equity of 218.69% and a negative net margin of 455.14%.

A hedge fund recently bought a new stake in Biocept stock. Renaissance Technologies LLC bought a new stake in shares of Biocept Inc (NASDAQ:BIOC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 457,744 shares of the medical research company’s stock, valued at approximately $131,000. Renaissance Technologies LLC owned about 0.96% of Biocept at the end of the most recent quarter. Institutional investors own 1.11% of the company’s stock.

About Biocept (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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