While Ocular Therapeutix Inc has underperformed by -1.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OCUL rose by 214.07%, with highs and lows ranging from $11.77 to $2.00, whereas the simple moving average jumped by 32.36% in the last 200 days.
On October 16, 2024, Scotiabank started tracking Ocular Therapeutix Inc (NASDAQ: OCUL) recommending Sector Outperform. A report published by TD Cowen on June 20, 2024, Upgraded its rating to ‘Buy’ for OCUL. Piper Sandler also rated OCUL shares as ‘Overweight’, setting a target price of $15 on the company’s shares in an initiating report dated May 31, 2024. BofA Securities Initiated an Buy rating on February 09, 2024, and assigned a price target of $15. Robert W. Baird initiated its ‘Outperform’ rating for OCUL, as published in its report on April 21, 2023. Berenberg’s report from August 10, 2022 suggests a price prediction of $15 for OCUL shares, giving the stock a ‘Buy’ rating. H.C. Wainwright also rated the stock as ‘Buy’.
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Analysis of Ocular Therapeutix Inc (OCUL)
Further, the quarter-over-quarter increase in sales is 8.26%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Ocular Therapeutix Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -72.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 16.55, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and OCUL is recording an average volume of 1.15M. On a monthly basis, the volatility of the stock is set at 5.40%, whereas on a weekly basis, it is put at 4.79%, with a loss of -9.67% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.56, showing growth from the present price of $10.27, which can serve as yet another indication of whether OCUL is worth investing in or should be passed over.
How Do You Analyze Ocular Therapeutix Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.42%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 78.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OCUL shares are owned by institutional investors to the tune of 78.83% at present.
