Stocks of Ocular Therapeutix Inc (OCUL) are poised to climb above their peers

With 1.07 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.69 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $6.74 whereas the lowest price it dropped to was $6.44. The 52-week range on OCUL shows that it touched its highest point at $11.31 and its lowest point at $2.00 during that stretch. It currently has a 1-year price target of $15.00. Beta for the stock currently stands at 1.29.

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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 -3.15%, but this was up by 24.04% over a month. Three-month performance dropped to -19.27% while six-month performance rose 46.59%. The stock gained 31.90% in the past year, while it has gained 44.62% so far this year. A look at the trailing 12-month EPS for OCUL yields -1.36 with Next year EPS estimates of -0.95. For the next quarter, that number is -0.22. This implies an EPS growth rate of -13.99% for this year and 17.36% for next year.

Float and Shares Shorts:

At present, 154.89 million OCUL shares are outstanding with a float of 134.69 million shares on hand for trading. On 2024-06-14, short shares totaled 23.37 million, which was 1509.0 higher than short shares on 1715731200. In addition to Mr. Donald Notman Jr. as the firm’s Chief Financial Officer, Dr. Jeffrey S. Heier M.D. serves as its Chief Scientific Officer.

Institutional Ownership:

Through their ownership of 0.80599 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 2024-03-31, OCUL reported revenue of $14774000.0 and operating income of -$31617000.0. The EBITDA in the recently reported quarter was -$26775000.0 and diluted EPS was -$0.49.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OCUL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.