With 1.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.0 million shares. The 52-week range on OCUL shows that it touched its highest point at $11.77 and its lowest point at $4.06 during that stretch. It currently has a 1-year price target of $17.90. Beta for the stock currently stands at 1.51.
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 up-trending over the past week, with a rise of 5.60%, but this was down by -7.26% over a month. Three-month performance dropped to -20.55% while six-month performance fell -10.56%. The stock lost -31.02% in the past year, while it has lost -11.71% so far this year. A look at the trailing 12-month EPS for OCUL yields -1.26 with Next year EPS estimates of -1.26. For the next quarter, that number is -0.29. This implies an EPS growth rate of 0.49% for this year and -3.89% for next year. EPS is expected to grow by 6.65% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 8.51%.
Float and Shares Shorts:
At present, 157.75 million OCUL shares are outstanding with a float of 133.91 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.1604 being high and -$1.20008 being low. For OCUL, this leads to a yearly average estimate of -$1.18024. Based on analyst estimates, the high estimate for the next quarter is -$0.26 and the low estimate is -$0.31. The average estimate for the next quarter is thus -$0.29.
