At the time of writing, Ocular Therapeutix Inc [OCUL] stock is trading at $9.84, up 6.61%. An important factor to consider is whether the stock is rising or falling in short-term value. The OCUL shares have gain 13.36% over the last week, with a monthly amount glided 16.59%, 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.
For the past year, the stock price of Ocular Therapeutix Inc fluctuated 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 $9.84 at the most recent close of the market. An investor can expect a potential return of 77.85% based on the average OCUL price forecast.
Analyzing the OCUL fundamentals
According to Ocular Therapeutix Inc [NASDAQ:OCUL], the company’s sales were 61.10M for trailing twelve months, which represents an 8.26% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
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 9.21 points at the first support level, and at 8.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.23, and for the 2nd resistance point, it is at 10.63.
Ratios To Look Out For
It is important to note that Ocular Therapeutix Inc [NASDAQ:OCUL] has a current ratio of 16.64. On the other hand, the Quick Ratio is 16.55, and the Cash Ratio is 15.34. Considering the valuation of this stock, the price to sales ratio is 25.11, the price to book ratio is 4.05.
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.
