With 1.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.11 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $9.2 whereas the lowest price it dropped to was $8.62. The 52-week range on OCUL shows that it touched its highest point at $11.77 and its lowest point at $2.05 during that stretch. It currently has a 1-year price target of $18.22. Beta for the stock currently stands at 1.21.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OCUL was down-trending over the past week, with a drop of -20.71%, but this was down by -23.30% over a month. Three-month performance dropped to -1.70% while six-month performance rose 38.16%. The stock gained 317.79% in the past year, while it has gained 94.84% so far this year. A look at the trailing 12-month EPS for OCUL yields -1.32 with Next year EPS estimates of -1.05. For the next quarter, that number is -0.25. This implies an EPS growth rate of -15.72% for this year and 9.95% for next year.
Float and Shares Shorts:
At present, 157.22 million OCUL shares are outstanding with a float of 135.43 million shares on hand for trading. On 2024-10-31, short shares totaled 12.67 million, which was 812.9999999999999 higher than short shares on 1727654400. In addition to Mr. Donald Notman Jr. as the firm’s CFO, COO & Principal Accounting Officer, Dr. Jeffrey S. Heier M.D. serves as its Chief Scientific Officer.
Institutional Ownership:
Through their ownership of 0.91078 of OCUL’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, OCUL reported revenue of $15425000.0 and operating income of -$45998000.0. The EBITDA in the recently reported quarter was -$39386000.0 and diluted EPS was -$0.22.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OCUL since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OCUL analysts setting a high price target of 22.0 and a low target of 14.0, the average target price over the next 12 months is 18.22222. Based on these targets, OCUL could surge 153.16% to reach the target high and rise by 61.1% to reach the target low. Reaching the average price target will result in a growth of 109.69% from current levels.
Analysts have provided yearly estimates in a range of -$0.98838 being high and -$1.28919 being low. For OCUL, this leads to a yearly average estimate of -$1.1925.
