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Bicara Therapeutics (NASDAQ:BCAX) Posts Earnings Results

Bicara Therapeutics logo with Medical background
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Bicara Therapeutics (NASDAQ:BCAX - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.08), Zacks reports.

Bicara Therapeutics Stock Down 3.0 %

Shares of NASDAQ BCAX traded down $0.39 during midday trading on Tuesday, hitting $12.65. The company had a trading volume of 159,823 shares, compared to its average volume of 465,337. The business has a 50-day simple moving average of $13.06 and a two-hundred day simple moving average of $17.80. Bicara Therapeutics has a twelve month low of $11.10 and a twelve month high of $28.09.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BCAX. Wedbush restated an "outperform" rating and set a $31.00 target price on shares of Bicara Therapeutics in a report on Thursday, March 27th. HC Wainwright raised their price objective on shares of Bicara Therapeutics from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $13.01 price objective on shares of Bicara Therapeutics in a report on Thursday, March 13th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Bicara Therapeutics has a consensus rating of "Buy" and an average price target of $36.50.

Check Out Our Latest Report on Bicara Therapeutics

Bicara Therapeutics Company Profile

(Get Free Report)

Bicara Therapeutics Inc, a clinical-stage biopharmaceutical company, develops bifunctional therapies for solid tumors. Its lead program is ficerafusp alfa, a bifunctional antibody that combines an epidermal growth factor receptor (EGFR) directed monoclonal antibody with a domain that binds to human transforming growth factor beta (TGF-b) for the treatment of solid tumors.

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