
OncoCyte (OCX) Stock Forecast & Price Target
OncoCyte (OCX) Analyst Ratings
Bulls say
OncoCyte Corp has demonstrated a notable improvement in financial performance, reporting a gross margin of 48.1%, which marks a significant increase from the previous quarter and exceeds expectations. The company's strategic focus on liquid biopsy diagnostics positions it favorably for future revenue growth, particularly as market demand for non-invasive cancer detection rises. Additionally, the potential for OncoCyte's innovative diagnostic tests to capture substantial market share in the rapidly growing organ transplant rejection diagnostics sector supports a strong long-term growth outlook.
Bears say
OncoCyte Corp experienced a significant financial downturn, as evidenced by a 75% year-over-year decline in its Pharmaceutical Services revenue, which amounted to only $0.1 million in the second quarter of 2024. The company's revenue projections have been notably reduced for 2024 and 2025, anticipating only $0.5 million and $2.1 million respectively, both of which reflect a stark decrease from initial estimates. Moreover, the uncertainty surrounding the commercial prospects of its GraftAssure product, particularly pending necessary clearances, coupled with the risks of delayed physician adoption and financial instability, further contributes to a cautious outlook on OncoCyte's stock viability.
This aggregate rating is based on analysts' research of OncoCyte and is not a guaranteed prediction by Public.com or investment advice.
OncoCyte (OCX) Analyst Forecast & Price Prediction
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