Shares of TrovaGene Inc (NASDAQ:TROV) gapped up before the market opened on Friday . The stock had previously closed at $0.31, but opened at $0.34. TrovaGene shares last traded at $0.36, with a volume of 4006000 shares changing hands.
Several analysts have weighed in on the company. HC Wainwright assumed coverage on TrovaGene in a research note on Thursday, December 21st. They set a “buy” rating and a $1.00 target price on the stock. downgraded TrovaGene from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Maxim Group downgraded TrovaGene from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $3.70.
The company has a market capitalization of $19.26, a price-to-earnings ratio of -0.39 and a beta of 0.40.
TrovaGene (NASDAQ:TROV) last issued its earnings results on Thursday, November 9th. The medical research company reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.02. The business had revenue of $0.12 million for the quarter. TrovaGene had a negative return on equity of 259.94% and a negative net margin of 7,960.05%. equities research analysts predict that TrovaGene Inc will post -0.78 earnings per share for the current year.
A hedge fund recently raised its stake in TrovaGene stock. Susquehanna International Group LLP increased its stake in TrovaGene Inc (NASDAQ:TROV) by 254.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 488,937 shares of the medical research company’s stock after acquiring an additional 350,906 shares during the quarter. Susquehanna International Group LLP owned approximately 1.28% of TrovaGene worth $357,000 at the end of the most recent quarter. Institutional investors own 13.73% of the company’s stock.
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Trovagene, Inc is a clinical-stage, precision medicine oncology therapeutics company. The Company’s lead drug candidate, PCM-075, is a Polo-like Kinase 1 (PLK1) selective adenosine triphosphate (ATP) competitive inhibitor. PCM-075 has shown preclinical antitumor activity as a single agent and in synergy combinations with more than ten different chemotherapeutics and targeted therapies, such as Zytiga (abiraterone acetate), Beleodaq (belinostat), Quizartinib (AC220), a development stage FLT3 inhibitor, and Velcade (bortezomib) in Acute Myeloid Leukemia (AML), metastatic Castration-Resistant Prostate Cancer (mCRPC) and other liquid and solid tumor cancers.
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