Today: Today, Cardica Inc. (DXTR) Given New $5.00 Price Target at Wedbush

Today, Cardica Inc. (DXTR) Given New $5.00 Price Target at Wedbush

Cardica Inc. (NASDAQ:DXTR) had its price target reduced by analysts at Wedbush to $5.00 in a research note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Wedbush’s target price would suggest a potential upside of 296.83% from the stock’s current price.

Separately, Zacks Investment Research raised Cardica from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research report on Friday, August 12th.

Cardica (NASDAQ:DXTR) traded down 5.26% during mid-day trading on Tuesday, hitting $1.26. The stock had a trading volume of 11,267 shares. The stock’s 50 day moving average price is $1.68 and its 200 day moving average price is $2.11. Cardica has a one year low of $1.10 and a one year high of $4.30. The firm’s market capitalization is $11.25 million.

Cardica (NASDAQ:DXTR) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.48) by $0.04. Analysts forecast that Cardica will post ($1.03) EPS for the current year.

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