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

HC Wainwright reissued their buy rating on shares of BioCardia (NASDAQ:BCDAFree Report) in a report released on Monday morning, Benzinga reports. HC Wainwright currently has a $25.00 target price on the stock.

BioCardia Trading Down 1.7 %

NASDAQ BCDA opened at $2.33 on Monday. The company has a market cap of $4.95 million, a P/E ratio of -0.43 and a beta of 1.26. The company has a fifty day simple moving average of $2.68 and a 200 day simple moving average of $3.58. BioCardia has a 12-month low of $1.96 and a 12-month high of $23.25.

BioCardia (NASDAQ:BCDAGet Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.78). Sell-side analysts predict that BioCardia will post -5.06 EPS for the current 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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