Equities analysts expect that OncoSec Medical (NASDAQ:ONCS) will report earnings per share of ($0.15) for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for OncoSec Medical’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at ($0.09). OncoSec Medical posted earnings of ($0.22) per share during the same quarter last year, which would indicate a positive year over year growth rate of 31.8%. The business is expected to announce its next quarterly earnings results on Thursday, June 7th.
According to Zacks, analysts expect that OncoSec Medical will report full year earnings of ($0.73) per share for the current fiscal year, with EPS estimates ranging from ($0.86) to ($0.60). For the next year, analysts forecast that the business will post earnings of ($0.56) per share, with EPS estimates ranging from ($0.71) to ($0.36). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow OncoSec Medical.
OncoSec Medical (NASDAQ:ONCS) last issued its quarterly earnings data on Friday, March 9th. The biotechnology company reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.05).
A number of brokerages have recently issued reports on ONCS. Piper Jaffray began coverage on OncoSec Medical in a research report on Friday, February 9th. They set an “overweight” rating and a $4.00 price objective for the company. Maxim Group set a $5.00 price objective on OncoSec Medical and gave the stock a “buy” rating in a research report on Thursday, March 15th. Finally, HC Wainwright set a $6.00 price objective on OncoSec Medical and gave the stock a “buy” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $5.00.
In related news, CEO Daniel J. O’connor acquired 16,667 shares of the stock in a transaction dated Monday, February 5th. The stock was bought at an average cost of $1.50 per share, for a total transaction of $25,000.50. Following the completion of the transaction, the chief executive officer now directly owns 16,667 shares of the company’s stock, valued at $25,000.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MYDA Advisors LLC acquired a new stake in OncoSec Medical during the fourth quarter worth approximately $145,000. J. Goldman & Co LP acquired a new stake in OncoSec Medical during the fourth quarter worth approximately $163,000. Deutsche Bank AG acquired a new stake in OncoSec Medical during the fourth quarter worth approximately $261,000. Finally, Renaissance Technologies LLC acquired a new stake in OncoSec Medical during the fourth quarter worth approximately $272,000. 8.72% of the stock is owned by institutional investors and hedge funds.
Shares of ONCS opened at $1.77 on Monday. OncoSec Medical has a 1 year low of $0.88 and a 1 year high of $2.95.
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About OncoSec Medical
OncoSec Medical Incorporated, a biotechnology company, engages in developing DNA-based intratumoral immunotherapies in the United States. The company's investigational technology, ImmunoPulseis designed to enhance the local delivery and uptake of DNA-based immune-targeting agents, such as plasmid encoded IL-12 (tavokinogene telseplasmid or tavo) for the treatment of cancer.
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