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trending $BIOC  $HMNY  Recommendation  1.7 Buy

So what

Biocept might need to be added to the dictionary as an example of stock volatility. The company’s share-price swings up and down are almost dizzying. Does the news about Biocept’s agreement with Alliance Global FZ merit such a major move? Probably not.

This deal is only the latest of eight international distribution agreements for Biocept’s Target Selector liquid biopsy tests. These tests are used to detect cancer biomarkers in circulating tumor DNA (ctDNA) or on circulating tumor cells (CTCs) in blood samples. Gaining access to new markets for the Target Selector tests is a positive for Biocept, but it’s not such good news that the stock should skyrocket.

The hard truth is that the countries where Alliance Global FZ will distribute Biocept’s products aren’t exactly major markets. Only one country was specifically named in Biocept’s press release — the United Arab Emirates (UAE). The population of the UAE is less than 10 million. Granted, there are other countries in the region to which Alliance Global FZ will distribute Target Selector liquid biopsies, but this deal isn’t a game changer for Biocept(fool com)

Earnings Estimate Current Qtr. (Jun 2018) Next Qtr. (Sep 2018) Current Year (2018) Next Year (2019)
No. of Analysts 2 2 2 2
Avg. Estimate -0.95 -0.54 -3.54 -0.14
Low Estimate -1.1 -0.6 -4.06 -0.46
High Estimate -0.79 -0.47 -3.02 0.18
Year Ago EPS N/A -5.79 -17.46 -3.54

Now what trending $BIOC  $HMNY

Investors should probably expect continued extreme volatility for Biocept stock in the coming months. The company is losing money to the tune of $5.7 million or more every quarter. Biocept is running out of cash, a fact that prompted the rights offering announced on Thursday.

Until Biocept is able to demonstrate that it’s on a clear path to profitability and growth, my view is that investors are better off staying away from the stock. The distribution deal with Alliance Global FZ could help the company move in the right direction, but there’s a long way to go.

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Revenue Estimate Current Qtr. (Jun 2018) Next Qtr. (Sep 2018) Current Year (2018) Next Year (2019)
No. of Analysts 2 2 2 2
Avg. Estimate 76M 94.27M 340.62M 641.1M
Low Estimate 75M 89M 329M 548M
High Estimate 77.01M 99.54M 352.24M 734.19M
Year Ago Sales N/A 1.17M 20.88M 340.62M
Sales Growth (year/est) N/A 7,936.70% 1,531.10% 88.20%
Earnings History Invalid Date 9/29/2017 12/30/2017 3/30/2018
EPS Est. N/A -0.38 -1.27 -3.08
EPS Actual N/A -5.79 -9.11 -1.23
Difference N/A -5.41 -7.84 1.85
Surprise % N/A -1,423.70% -617.30% 60.10%
EPS Trend Current Qtr. (Jun 2018) Next Qtr. (Sep 2018) Current Year (2018) Next Year (2019)
Current Estimate -0.95 -0.54 -3.54 -0.14
7 Days Ago -0.95 -0.54 -3.54 -0.14
30 Days Ago -0.95 -0.54 -3.54 -0.14
60 Days Ago -0.98 -0.96 -4 -1.79
90 Days Ago -0.98 -0.96 -4 -1.79
EPS Revisions Current Qtr. (Jun 2018) Next Qtr. (Sep 2018) Current Year (2018) Next Year (2019)
Up Last 7 Days N/A N/A N/A N/A
Up Last 30 Days N/A N/A N/A N/A
Down Last 7 Days N/A N/A N/A N/A
Down Last 30 Days N/A N/A N/A N/A
Growth Estimates HMNY Industry Sector S&P 500
Current Qtr. N/A N/A N/A 0.43
Next Qtr. 90.70% N/A N/A 0.47
Current Year 79.70% N/A N/A 0.22
Next Year 96.00% N/A N/A 0.10
Next 5 Years (per annum) N/A N/A N/A 0.11
Past 5 Years (per annum) -4.44% N/A N/A N/A

 

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