Ocular Therapeutix Inc [OCUL] stock prices are up 1.65% to $9.86 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OCUL shares have gain 43.73% over the last week, with a monthly amount glided 145.89%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Ocular Therapeutix Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) to Newly Appointed Executive Chairman and Chief Strategy Officer. In a post published today on Yahoo Finance, Ocular Therapeutix, Inc. (NASDAQ:OCUL) (“Ocular”), a biopharmaceutical company committed to enhancing people’s vision and quality of life through the development and commercialization of innovative therapies for diseases and conditions of the eye, today announced that it has granted inducement equity awards to its newly appointed Executive Chairman, Pravin U. Dugel, MD and to its newly appointed Chief Strategy Officer, Sanjay Nayak, MBBS, PhD. The awards were approved by the Compensation Committee of Ocular and were made as inducements material to each individual’s acceptance of employment with Ocular under Ocular’s 2019 Inducement Stock Incentive Plan in accordance with Nasdaq Listing Rule 5635(c)(4).
From an analyst’s perspective:
Ocular Therapeutix Inc [NASDAQ: OCUL] stock has seen the most recent analyst activity on February 09, 2024, when BofA Securities initiated its Buy rating and assigned the stock a price target of $15. Previously, Robert W. Baird started tracking the stock with Outperform rating on April 21, 2023, and set its price target to $18. H.C. Wainwright upgraded its rating to a Buy but stick to its price target of $17 on August 10, 2021. H.C. Wainwright downgraded its rating to a Neutral. Berenberg started tracking with a Buy rating for this stock on December 17, 2020, and assigned it a price target of $27. In a note dated November 13, 2020, Raymond James reiterated an Strong Buy rating on this stock and boosted its target price from $15 to $25.
The stock price of Ocular Therapeutix Inc [OCUL] has been fluctuating between $2.00 and $9.91 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Ocular Therapeutix Inc [NASDAQ: OCUL] shares were valued at $9.86 at the most recent close of the market. An investor can expect a potential return of 1.42% based on the average OCUL price forecast.
Analyzing the OCUL fundamentals
The Ocular Therapeutix Inc [NASDAQ:OCUL] reported sales of 57.72M for trailing twelve months, representing a surge of 26.04%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 9.45 points at the first support level, and at 9.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.14, and for the 2nd resistance point, it is at 10.41.
Ocular Therapeutix Inc [OCUL] reported earnings per share of -$0.01 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.29/share, meaning a difference of $0.28 and a surprise factor of 96.60%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.26 per share as compared to estimates of -$0.3 per share, a difference of $0.04 representing a surprise of 13.30%.
Ratios To Look Out For
It’s worth pointing out that Ocular Therapeutix Inc [NASDAQ:OCUL]’s Current Ratio is 4.03. Also, the Quick Ratio is 3.96, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 18.83, the price to book ratio is 99.71.
Transactions by insiders
Recent insider trading involved Mattessich Antony C., President and CEO, that happened on Jan 31 when 18338.0 shares were sold. Chief Medical Officer, Ozden Rabia Gurses completed a deal on Jan 31 to sell 7764.0 shares. Meanwhile, General Counsel Strassburger Philip C. sold 6831.0 shares on Jan 31.
