In last trading session, EyePoint Pharmaceuticals Inc (NASDAQ:EYPT) saw 1.11 million shares changing hands with its beta currently measuring 1.58. Company’s recent per share price level of $11.28 trading at $1.4 or 14.17% at ring of the bell on the day assigns it a market valuation of $603.71M. That closing price of EYPT’s stock is at a discount of -174.73% from its 52-week high price of $30.99 and is indicating a premium of 49.73% from its 52-week low price of $5.67. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.53 million shares which gives us an average trading volume of 612.77K if we extend that period to 3-months.
For EyePoint Pharmaceuticals Inc (EYPT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.15. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.55 in the current quarter.
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EyePoint Pharmaceuticals Inc (NASDAQ:EYPT) trade information
Upright in the green during last session for gaining 14.17%, in the last five days EYPT remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $11.28 price level, adding 0.79% to its value on the day. EyePoint Pharmaceuticals Inc’s shares saw a change of -51.19% in year-to-date performance and have moved 34.45% in past 5-day. EyePoint Pharmaceuticals Inc (NASDAQ:EYPT) showed a performance of 28.47% in past 30-days. Number of shares sold short was 8.93 million shares which calculate 14.75 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 30 to the stock, which implies a rise of 62.4% to its current value. Analysts have been projecting 30 as a low price target for the stock while placing it at a high target of 30. It follows that stock’s current price would drop -165.96% in reaching the projected high whereas dropping to the targeted low would mean a loss of -165.96% for stock’s current value.
EyePoint Pharmaceuticals Inc (EYPT) estimates and forecasts
Statistics highlight that EyePoint Pharmaceuticals Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -46.13% of value to its shares in past 6 months, showing an annual growth rate of -28.02% while that of industry is 17.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -11.60% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.93M for the same. And 11 analysts are in estimates of company making revenue of 9.87M in the next quarter. Company posted 15.2M and 14.03M of sales in current and next quarters respectively a year earlier.
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 29.57% during past 5 years.
EyePoint Pharmaceuticals Inc (NASDAQ:EYPT)’s Major holders
Insiders are in possession of 1.45% of company’s total shares while institution are holding 110.53 percent of that, with stock having share float percentage of 112.16%. Investors also watch the number of corporate investors in a company very closely, which is 110.53% institutions for EyePoint Pharmaceuticals Inc that are currently holding shares of the company. CORMORANT ASSET MANAGEMENT, LP is the top institutional holder at EYPT for having 8.32 million shares of worth $72.43 million. And as of 2024-06-30, it was holding 15.7334 of the company’s outstanding shares.
The second largest institutional holder is SUVRETTA CAPITAL MANAGEMENT, LLC, which was holding about 5.18 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.7818 of outstanding shares, having a total worth of $45.03 million.
