HC Wainwright Analysts Give TearLab Corporation (TEAR) a $4.00 Price Target
TearLab Corporation (NASDAQ:TEAR) has been assigned a $4.00 price target by investment analysts at HC Wainwright in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the medical research company’s stock. HC Wainwright’s target price points to a potential upside of 138.51% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Rodman & Renshaw lowered their price target on TearLab Corporation from $12.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, May 16th. Zacks Investment Research upgraded TearLab Corporation from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Thursday, May 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. TearLab Corporation has an average rating of “Buy” and a consensus price target of $5.05.
TearLab Corporation (TEAR) traded down 22.7143% on Tuesday, reaching $1.6771. The company’s stock had a trading volume of 639,035 shares. The firm has a 50-day moving average price of $2.10 and a 200 day moving average price of $2.90. TearLab Corporation has a 52-week low of $1.55 and a 52-week high of $8.20. The firm’s market capitalization is $9.62 million.
TearLab Corporation (NASDAQ:TEAR) last issued its quarterly earnings results on Monday, August 14th. The medical research company reported ($0.68) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.75) by $0.07. The business had revenue of $7 million for the quarter, compared to analysts’ expectations of $6.86 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that TearLab Corporation will post ($2.82) earnings per share for the current fiscal year.
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About TearLab Corporation
TearLab Corporation is an in-vitro diagnostic company. The Company has commercialized a tear testing platform, the TearLab Osmolarity System, which enables eye care practitioners to test for sensitive and specific biomarkers using nanoliters of tear film at the point-of-care. The Company, through its subsidiary TearLab Research, Inc, develops technologies to enable eye care practitioners to test a range of biomarkers (chemistries, metabolites, genes and proteins) at the point-of-care.
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