Buy, Sell Or Hold Ocuphire Pharma Inc (NASDAQ:OCUP) At $1.84?

In last trading session, Ocuphire Pharma Inc (NASDAQ:OCUP) saw 0.47 million shares changing hands with its beta currently measuring 0.35. Company’s recent per share price level of $1.84 trading at $0.05 or 2.79% at ring of the bell on the day assigns it a market valuation of $45.65M. That closing price of OCUP’s stock is at a discount of -258.7% from its 52-week high price of $6.60 and is indicating a premium of 3.8% from its 52-week low price of $1.77. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.38 million shares which gives us an average trading volume of 220.90K if we extend that period to 3-months.

Ocuphire Pharma Inc (NASDAQ:OCUP) trade information

Upright in the green during last session for gaining 2.79%, in the last five days OCUP remained trading in the red while hitting it’s week-highest on Monday, 04/08/24 when the stock touched $1.84 price level, adding 4.66% to its value on the day. Ocuphire Pharma Inc’s shares saw a change of -38.87% in year-to-date performance and have moved -3.66% in past 5-day. Ocuphire Pharma Inc (NASDAQ:OCUP) showed a performance of -10.24% in past 30-days. Number of shares sold short was 1.57 million shares which calculate 7.14 days to cover the short interests.

Ocuphire Pharma Inc (OCUP) estimates and forecasts

Statistics highlight that Ocuphire Pharma Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -44.41% of value to its shares in past 6 months, showing an annual growth rate of -15.22% while that of industry is 13.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 53.60% in the current quarter and calculating 50.00% increase in the next quarter. This year revenue growth is estimated to rise 36.70% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.25 million for the same. And 4 analysts are in estimates of company making revenue of $4.61 million in the next quarter that will end on Jun 2024. Company posted $1.75 million and $3.67 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 143.00% while estimating it to be 25.50% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 53.36% during past 5 years.

OCUP Dividends

Ocuphire Pharma Inc is more likely to be releasing its next quarterly report between May 13 and May 17 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Ocuphire Pharma Inc (NASDAQ:OCUP)’s Major holders

Insiders are in possession of 6.98% of company’s total shares while institution are holding 15.15 percent of that, with stock having share float percentage of 16.28%. Investors also watch the number of corporate investors in a company very closely, which is 15.15% institutions for Ocuphire Pharma Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at OCUP for having 0.89 million shares of worth $3.84 million. And as of Jun 29, 2023, it was holding 4.22% of the company’s outstanding shares.

The second largest institutional holder is Rice, Hall, James & Associates, which was holding about 0.85 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.04% of outstanding shares, having a total worth of $3.69 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.57 million shares of worth $2.46 million or 2.70% of the total outstanding shares. The later fund manager was in possession of 0.26 million shares on Jun 29, 2023, making its stake of worth around $1.14 million in the company or a holder of 1.26% of company’s stock.