A share price of Ocular Therapeutix Inc [OCUL] is currently trading at $9.06, up 4.14%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OCUL shares have gain 5.47% over the last week, with a monthly amount glided 2.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ocular Therapeutix Inc [NASDAQ: OCUL] stock has seen the most recent analyst activity on June 20, 2024, when TD Cowen upgraded its rating to a Buy and also boosted its price target to $11 from $7. On February 09, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $15 on the stock. Robert W. Baird started tracking the stock assigning a Outperform rating and suggested a price target of $18 on April 21, 2023. H.C. Wainwright upgraded its rating to Buy for this stock on August 10, 2021, but kept the price target unchanged to $17. In a note dated December 28, 2020, H.C. Wainwright downgraded an Neutral rating on this stock.
Ocular Therapeutix Inc experienced fluctuations in its stock price throughout the past year between $2.00 and $11.31. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. Ocular Therapeutix Inc [NASDAQ: OCUL] shares were valued at $9.06 at the most recent close of the market. An investor can expect a potential return of 93.16% based on the average OCUL price forecast.
Analyzing the OCUL fundamentals
Trailing Twelve Months sales for Ocular Therapeutix Inc [NASDAQ:OCUL] were 61.10M which represents 8.26% growth. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at -1.88%, Pretax Profit Margin comes in at -2.27%, and Net Profit Margin reading is -2.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.63 and Total Capital is -0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.18.
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 8.67 points at the first support level, and at 8.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.26, and for the 2nd resistance point, it is at 9.47.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ocular Therapeutix Inc [NASDAQ:OCUL] is 16.64. In addition, the Quick Ratio stands at 16.55 and the Cash Ratio stands at 15.34. Considering the valuation of this stock, the price to sales ratio is 23.12, the price to book ratio is 3.73.
Transactions by insiders
Recent insider trading involved Nayak Sanjay, Chief Strategy Officer, that happened on Aug 23 ’24 when 1832.0 shares were sold. , Dugel Pravin completed a deal on Aug 23 ’24 to sell 20880.0 shares. Meanwhile, Officer RABIA OZDEN bought 18333.0 shares on Aug 27 ’24.
