Vical Incorporated (VICL) PT Set at $9.00 by HC Wainwright

Vical Incorporated (NASDAQ:VICL) has been assigned a $9.00 price target by analysts at HC Wainwright in a research note issued on Wednesday, August 9th. The firm presently has a “buy” rating on the biotechnology company’s stock. HC Wainwright’s target price would suggest a potential upside of 270.37% from the company’s current price.

Separately, Rodman & Renshaw restated a “buy” rating and issued a $9.00 price target on shares of Vical in a report on Monday, June 12th.

Shares of Vical (NASDAQ VICL) opened at 2.43 on Wednesday. The firm’s market capitalization is $27.71 million. Vical has a one year low of $2.05 and a one year high of $4.33. The stock’s 50 day moving average price is $2.59 and its 200 day moving average price is $2.35.

Vical (NASDAQ:VICL) last announced its quarterly earnings results on Tuesday, August 8th. The biotechnology company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by $0.02. Vical had a negative return on equity of 26.09% and a negative net margin of 92.02%. The business had revenue of $3.42 million during the quarter, compared to the consensus estimate of $3.35 million. Analysts expect that Vical will post ($1.05) EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of VICL. New York State Common Retirement Fund increased its position in Vical by 83.6% in the second quarter. New York State Common Retirement Fund now owns 130,706 shares of the biotechnology company’s stock worth $354,000 after buying an additional 59,504 shares during the last quarter. Renaissance Technologies LLC increased its position in Vical by 9.9% in the fourth quarter. Renaissance Technologies LLC now owns 392,509 shares of the biotechnology company’s stock worth $903,000 after buying an additional 35,500 shares during the last quarter. Finally, FMR LLC increased its position in Vical by 1.8% in the fourth quarter. FMR LLC now owns 1,006,875 shares of the biotechnology company’s stock worth $2,316,000 after buying an additional 17,967 shares during the last quarter. Institutional investors and hedge funds own 22.90% of the company’s stock.

Vical Company Profile

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