Oncocyte (NASDAQ:IMDX – Get Free Report) is one of 857 publicly-traded companies in the “Biotechnology” industry, but how does it weigh in compared to its peers? We will compare Oncocyte to similar companies based on the strength of its valuation, earnings, risk, dividends, analyst recommendations, institutional ownership and profitability.
Profitability
This table compares Oncocyte and its peers’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Oncocyte | -2,955.63% | N/A | -107.52% |
| Oncocyte Competitors | -9,423.55% | -126.75% | -33.08% |
Earnings and Valuation
This table compares Oncocyte and its peers gross revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Oncocyte | $1.67 million | -$50.22 million | -2.82 |
| Oncocyte Competitors | $741.69 million | $17.04 million | -11.01 |
Institutional & Insider Ownership
55.3% of Oncocyte shares are owned by institutional investors. Comparatively, 48.2% of shares of all “Biotechnology” companies are owned by institutional investors. 2.2% of Oncocyte shares are owned by insiders. Comparatively, 13.1% of shares of all “Biotechnology” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Analyst Ratings
This is a breakdown of recent ratings and target prices for Oncocyte and its peers, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Oncocyte | 1 | 0 | 2 | 0 | 2.33 |
| Oncocyte Competitors | 9435 | 14933 | 44706 | 1515 | 2.54 |
Oncocyte currently has a consensus price target of $10.50, indicating a potential upside of 150.00%. As a group, “Biotechnology” companies have a potential upside of 65.85%. Given Oncocyte’s higher possible upside, equities analysts plainly believe Oncocyte is more favorable than its peers.
Risk & Volatility
Oncocyte has a beta of 1.8, meaning that its share price is 80% more volatile than the S&P 500. Comparatively, Oncocyte’s peers have a beta of 1.11, meaning that their average share price is 11% more volatile than the S&P 500.
Summary
Oncocyte beats its peers on 7 of the 13 factors compared.
About Oncocyte
OncoCyte Corporation, a molecular diagnostics company, researches, develops, and commercializes proprietary laboratory-developed tests for the detection of cancer in the United States and internationally. The company offers DetermaRx, a molecular test for early-stage adenocarcinoma of the lung; and DetermaIO, a proprietary gene expression assay. It also provides biomarker discovery testing, assay design and development, and clinical trial support services, as well as various biomarker tests for pharmaceutical companies. The company has a collaboration agreement with Life Technologies Corporation to develop and collaborate in the commercialization of Oncomine Comprehensive Assay Plus and Determa IO assay for use with Ion Torrent Genexus integrated sequencer and purification system. OncoCyte Corporation was incorporated in 2009 and is based in Irvine, California.
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