HC Wainwright Reaffirms “Buy” Rating for BioCardia (NASDAQ:BCDA)

BioCardia (NASDAQ:BCDAGet Free Report)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $25.00 target price on the stock.

BioCardia Stock Performance

BCDA stock opened at $1.85 on Thursday. The stock has a market capitalization of $3.93 million, a P/E ratio of -0.44 and a beta of 1.28. BioCardia has a one year low of $1.84 and a one year high of $14.40. The company has a 50 day moving average price of $2.58 and a two-hundred day moving average price of $3.33.

BioCardia (NASDAQ:BCDAGet Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.78). Research analysts forecast that BioCardia will post -5.06 earnings per share for the current fiscal year.

About BioCardia

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BioCardia, Inc, a clinical-stage regenerative medicine company, develops cellular and cell-derived therapeutics for cardiovascular and pulmonary diseases in the United States. Its lead product candidate is CardiAMP, an autologous mononuclear cell therapy system in Phase III clinical trial for the treatment of ischemic heart failure with reduced ejection fraction and refractory angina resulting from chronic myocardial ischemia.

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