Ocular Therapeutix Inc. (NASDAQ:OCUL) has a beta value of 2.13 and has seen 2,189,176 shares traded in the last trading session. The company, currently valued at $1.4 Billion, closed the last trade at $18.38 per share which meant it lost -$0.78 on the day or -4.07% during that session. The OCUL stock price is -32.21% off its 52-week high price of $24.3 and 74.1% above the 52-week low of $4.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.36 Million shares traded. The 3-month trading volume is 983.49 Million shares.
The consensus among analysts is that Ocular Therapeutix Inc. (OCUL) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.21.
Ocular Therapeutix Inc. (NASDAQ:OCUL) trade information
Despite being -4.07% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the OCUL stock price touched $19.84- or saw a rise of 7.36%. Year-to-date, Ocular Therapeutix Inc. shares have moved -11.21%, while the 5-day performance has seen it change 18.93%. Over the past 30 days, the shares of Ocular Therapeutix Inc. (NASDAQ:OCUL) have changed 14.91%. Short interest in the company has seen 4.8 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $25.5, which means that the shares’ value could jump 38.74% from current levels. The projected low price target is $15 while the price target rests at a high of $30. In that case, then, we find that the current price level is +63.22% off the targeted high while a plunge would see the stock lose -18.39% from current levels.
Ocular Therapeutix Inc. (OCUL) estimates and forecasts
Figures show that Ocular Therapeutix Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +97.85% over the past 6 months, with this year growth rate of 44.74%, compared to 16.6% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 48.8% and 71.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be +194.8%.
6 analysts offering their estimates for the company have set an average revenue estimate of $7.64 Million for the current quarter. 6 have an estimated revenue figure of $10.89 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $2.61 Million and $1.5 Million respectively for this quarter and the next, and analysts expect sales will grow by 192.8% for the current quarter and 626% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -8.4% over the past 5 years. Earnings growth for 2021 is a modest -34.3%.
Ocular Therapeutix Inc. (NASDAQ:OCUL)’s Major holders
Insiders own 4.62% of the company shares, while shares held by institutions stand at 68.48% with a share float percentage of 71.8%. Investors are also buoyed by the number of investors in a company, with Ocular Therapeutix Inc. having a total of 216 institutions that hold shares in the company. The top two institutional holders are Opaleye Management Inc. with over 6.51 Million shares worth more than $134.76 Million. As of December 30, 2020, Opaleye Management Inc. held 8.56% of shares outstanding.
The other major institutional holder is Summer Road LLC, with the holding of over 5.62 Million shares as of December 30, 2020. The firm’s total holdings are worth over $116.31 Million and represent 7.39% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of December 30, 2020, the former fund manager holds about 2.65% shares in the company for having 2018702 shares of worth $41.79 Million while later fund manager owns 1.78 Million shares of worth $29.13 Million as of March 30, 2021, which makes it owner of about 2.33% of company’s outstanding stock.