The 36-month beta value for OCUL is also noteworthy at 1.21. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for OCUL is 134.99M, and at present, short sellers hold a 9.39% of that float. The average trading volume of OCUL on November 14, 2024 was 1.09M shares.
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OCUL) stock’s latest price update
The stock of Ocular Therapeutix Inc (NASDAQ: OCUL) has decreased by -4.25 when compared to last closing price of 10.60.Despite this, the company has seen a loss of -5.84% in its stock price over the last five trading days. zacks.com reported 2024-11-14 that Ocular Therapeutix (OCUL) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.51 per share a year ago.
OCUL’s Market Performance
Ocular Therapeutix Inc (OCUL) has experienced a -5.84% fall in stock performance for the past week, with a -11.51% drop in the past month, and a 25.15% rise in the past quarter. The volatility ratio for the week is 4.95%, and the volatility levels for the past 30 days are at 4.89% for OCUL. The simple moving average for the past 20 days is -6.68% for OCUL’s stock, with a 26.76% simple moving average for the past 200 days.
Analysts’ Opinion of OCUL
TD Cowen, on the other hand, stated in their research note that they expect to see OCUL reach a price target of $11, previously predicting the price at $7. The rating they have provided for OCUL stocks is “Buy” according to the report published on June 20th, 2024.
Piper Sandler gave a rating of “Overweight” to OCUL, setting the target price at $15 in the report published on May 31st of the current year.
OCUL Trading at 2.86% from the 50-Day Moving Average
After a stumble in the market that brought OCUL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.80% of loss for the given period.
Volatility was left at 4.89%, however, over the last 30 days, the volatility rate increased by 4.95%, as shares sank -8.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.79% upper at present.
During the last 5 trading sessions, OCUL fell by -6.22%, which changed the moving average for the period of 200-days by +108.02% in comparison to the 20-day moving average, which settled at $10.87. In addition, Ocular Therapeutix Inc saw 127.58% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OCUL starting from PHILIP C. STRASSBURGER, who proposed sale 13,125 shares at the price of $10.23 back on Oct 16 ’24. After this action, PHILIP C. STRASSBURGER now owns shares of Ocular Therapeutix Inc, valued at $134,269 using the latest closing price.
Nayak Sanjay, the Chief Strategy Officer of Ocular Therapeutix Inc, sale 1,832 shares at $9.02 during a trade that took place back on Aug 23 ’24, which means that Nayak Sanjay is holding 176,194 shares at $16,525 based on the most recent closing price.
Stock Fundamentals for OCUL
Current profitability levels for the company are sitting at:
- -2.3 for the present operating margin
- 0.91 for the gross margin
The net margin for Ocular Therapeutix Inc stands at -2.84. The total capital return value is set at -0.31. Equity return is now at value -72.67, with -43.26 for asset returns.
Based on Ocular Therapeutix Inc (OCUL), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at -1.5. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is -17.28.
Currently, EBITDA for the company is -66.42 million with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 20.28. The receivables turnover for the company is 2.03for trailing twelve months and the total asset turnover is 0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 16.64.
Conclusion
In summary, Ocular Therapeutix Inc (OCUL) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
