Tocagen Inc (NASDAQ:TOCA) has been assigned an average rating of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.31.
A number of analysts have weighed in on TOCA shares. HC Wainwright reissued a “buy” rating and set a $14.50 price objective on shares of Tocagen in a report on Thursday, May 9th. Cantor Fitzgerald started coverage on shares of Tocagen in a report on Thursday, April 25th. They set an “overweight” rating and a $28.00 price objective on the stock. Leerink Swann started coverage on shares of Tocagen in a report on Monday, April 15th. They set a “market perform” rating and a $10.26 price objective on the stock. ValuEngine raised shares of Tocagen from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Finally, Chardan Capital reissued a “buy” rating on shares of Tocagen in a report on Tuesday, April 23rd.
In other Tocagen news, Director Faheem Hasnain bought 43,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of $4.66 per share, with a total value of $200,380.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought a total of 53,000 shares of company stock worth $244,880 over the last ninety days. Corporate insiders own 10.90% of the company’s stock.
Tocagen stock traded down $0.17 during trading on Friday, reaching $6.17. The stock had a trading volume of 2,532 shares, compared to its average volume of 402,428. Tocagen has a 52-week low of $4.13 and a 52-week high of $15.80. The firm has a 50 day moving average of $6.53. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.05 and a current ratio of 5.05. The stock has a market capitalization of $139.36 million, a PE ratio of -2.57 and a beta of 3.79.
Tocagen (NASDAQ:TOCA) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.01. Tocagen had a negative net margin of 294.74% and a negative return on equity of 108.08%. The company had revenue of $0.01 million during the quarter, compared to the consensus estimate of $2.01 million. As a group, sell-side analysts expect that Tocagen will post -2.94 EPS for the current fiscal year.
Tocagen Inc, a clinical-stage cancer-selective gene therapy company, focuses on developing and commercializing product candidates designed to activate a patient's immune system against their cancer. Its cancer-selective gene therapy platform is built on retroviral replicating vectors (RRVs), which are designed to deliver therapeutic genes into the DNA of cancer cells.
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