TearLab Corporation (TEAR) Earns Buy Rating from HC Wainwright
TearLab Corporation (NASDAQ:TEAR)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a research note issued to investors on Tuesday. They currently have a $4.00 price target on the medical research company’s stock. HC Wainwright’s target price suggests a potential upside of 150.00% from the company’s previous close.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of TearLab Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Rodman & Renshaw reduced their target price on shares of TearLab Corporation from $12.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, May 16th. Five research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $4.95.
TearLab Corporation (NASDAQ TEAR) traded down 1.84% on Tuesday, hitting $1.60. 135,124 shares of the stock were exchanged. The company’s 50 day moving average is $2.10 and its 200 day moving average is $2.81. TearLab Corporation has a 1-year low of $1.53 and a 1-year high of $8.20. The stock’s market cap is $9.19 million.
TearLab Corporation (NASDAQ:TEAR) last announced its quarterly earnings results on Monday, August 14th. The medical research company reported ($0.68) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.75) by $0.07. The business had revenue of $7 million during the quarter, compared to the consensus estimate of $6.86 million. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) EPS. On average, equities research analysts expect that TearLab Corporation will post ($2.70) earnings per share for the current year.
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TearLab Corporation Company Profile
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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