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OCX
Stock ticker: NASDAQ
AS OF
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Capitalization
26.24M

OCX Oncocyte Corp Forecast, Technical & Fundamental Analysis

a developer of ovel, non-invasive, liquid biopsy diagnostics for the early detection of cancer

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for OCX with price predictions
08:00 PM EDT Sep 21, 2023

OCX's Indicator enters downward trend

The Aroon Indicator for OCX entered a downward trend on September 15, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 269 similar instances where the Aroon Indicator formed such a pattern. In of the 269 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on OCX as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OCX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

OCX broke above its upper Bollinger Band on August 30, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where OCX's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Moving Average Convergence Divergence (MACD) for OCX just turned positive on August 22, 2023. Looking at past instances where OCX's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OCX advanced for three days, in of 203 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.602) is normal, around the industry mean (24.975). P/E Ratio (0.000) is within average values for comparable stocks, (79.203). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.228). Dividend Yield (0.000) settles around the average of (0.019) among similar stocks. P/S Ratio (18.762) is also within normal values, averaging (58.475).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. OCX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. OCX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Abbott Laboratories (NYSE:ABT), Medtronic plc (NYSE:MDT), Intuitive Surgical (NASDAQ:ISRG), Boston Scientific Corp (NYSE:BSX), Edwards Lifesciences Corp (NYSE:EW), IQVIA Holdings (NYSE:IQV), Align Technology (NASDAQ:ALGN), Illumina (NASDAQ:ILMN), Exact Sciences Corp (NASDAQ:EXAS), Guardant Health (NASDAQ:GH).

Industry description

Medical specialties are companies that make equipment used by the health care industry. Equipment manufactured and distributed by these companies include dialysis machines, blood analysis equipment, surgical equipment, dental instruments, and diagnostic tools, among other items. Large companies typically aim to produce and distribute high-quality products across a broad market spectrum. Smaller firms are more likely to specialize in a particular market segment. Due to the industry’s close association with medical treatments, they typically have low sensitivity to macroeconomic fluctuations. Within this industry, Abbott Laboratories, Medtronic Plc and Thermo Fisher Scientific Inc. are some of the companies with multi-billion market capitalizations in the U.S. stock markets.

Market Cap

The average market capitalization across the Medical Specialties Industry is 6.31B. The market cap for tickers in the group ranges from 27 to 3.82T. MKYSF holds the highest valuation in this group at 3.82T. The lowest valued company is FOGCF at 27.

High and low price notable news

The average weekly price growth across all stocks in the Medical Specialties Industry was -3%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was -7%. AVGR experienced the highest price growth at 135%, while HSCS experienced the biggest fall at -48%.

Volume

The average weekly volume growth across all stocks in the Medical Specialties Industry was -40%. For the same stocks of the Industry, the average monthly volume growth was 0% and the average quarterly volume growth was 38%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 71
Price Growth Rating: 67
SMR Rating: 84
Profit Risk Rating: 88
Seasonality Score: -23 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

OCX is expected to report earnings to rise 9.71% to -112 cents per share on November 16

Oncocyte Corp OCX Stock Earnings Reports
Q3'23
Est.
$-1.13
Q2'23
Missed
by $0.16
Q1'23
Beat
by $0.12
Q4'22
Missed
by $0.31
Q3'22
Beat
by $0.03
The last earnings report on August 10 showed earnings per share of -102 cents, missing the estimate of -87 cents. With 6.32K shares outstanding, the current market capitalization sits at 26.24M.
A.I. Advisor
published General Information

General Information

a developer of ovel, non-invasive, liquid biopsy diagnostics for the early detection of cancer

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
15 Cushing
Phone
+1 949 409-7600
Employees
76
Web
https://www.oncocyte.com
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OCX and

Correlation & Price change

A.I.dvisor indicates that over the last year, OCX has been loosely correlated with STRRP. These tickers have moved in lockstep 37% of the time. This A.I.-generated data suggests there is some statistical probability that if OCX jumps, then STRRP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OCX
1D Price
Change %
OCX100%
-1.12%
STRRP - OCX
37%
Loosely correlated
+0.93%
FATE - OCX
31%
Poorly correlated
-3.65%
GOSS - OCX
29%
Poorly correlated
-3.96%
BMRN - OCX
29%
Poorly correlated
+0.28%
CRIS - OCX
28%
Poorly correlated
-0.55%
More

Groups containing OCX

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OCX
1D Price
Change %
OCX100%
-1.12%
non-invasive
(undefined stocks)
62%
Loosely correlated
+0.81%
diagnostics
(undefined stocks)
23%
Poorly correlated
-1.55%
medical service
(undefined stocks)
21%
Poorly correlated
-0.20%
medical research
(undefined stocks)
21%
Poorly correlated
-0.43%
Medical Specialties
(undefined stocks)
19%
Poorly correlated
-0.05%
More