EyePoint Pharmaceuticals Inc (NASDAQ:EYPT) has a beta value of 1.50 and has seen 1.1 million shares traded in the last trading session. The company, currently valued at $654.74M, closed the last trade at $8.95 per share which meant it gained $0.6 on the day or 7.19% during that session. The EYPT stock price is -246.26% off its 52-week high price of $30.99 and 34.53% above the 52-week low of $5.86. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.13 million shares traded. The 3-month trading volume is 789.51K shares.
The consensus among analysts is that EyePoint Pharmaceuticals Inc (EYPT) is Buy stock at the moment, with a recommendation rating of 1.08. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.49.
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EyePoint Pharmaceuticals Inc (NASDAQ:EYPT) trade information
Sporting 7.19% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the EYPT stock price touched $8.95 or saw a rise of 4.79%. Year-to-date, EyePoint Pharmaceuticals Inc shares have moved -61.27%, while the 5-day performance has seen it change -2.40%. Over the past 30 days, the shares of EyePoint Pharmaceuticals Inc (NASDAQ:EYPT) have changed -6.38%. Short interest in the company has seen 9.68 million shares shorted with days to cover at 10.4.
Wall Street analysts have a consensus price target for the stock at $26, which means that the shares’ value could jump 65.58% from current levels. The projected low price target is $22.0 while the price target rests at a high of $30.0. In that case, then, we find that the current price level is -235.2% off the targeted high while a plunge would see the stock gain -145.81% from current levels.
EyePoint Pharmaceuticals Inc (EYPT) estimates and forecasts
Figures show that EyePoint Pharmaceuticals Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -19.80% over the past 6 months, with this year growth rate of -17.03%, compared to 18.00% for the industry. Revenue growth from the last financial year stood is estimated to be -8.82%.
11 analysts offering their estimates for the company have set an average revenue estimate of 10.49M for the current quarter. 4 have an estimated revenue figure of 6.78M for the next ending quarter. Year-ago sales stood 14.03M and 11.68M respectively for this quarter and the next, and analysts expect sales will shrink by -25.19% for the current quarter and -8.82% 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 29.57% over the past 5 years.
EYPT Dividends
EyePoint Pharmaceuticals Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
EyePoint Pharmaceuticals Inc (NASDAQ:EYPT)’s Major holders
Insiders own 1.14% of the company shares, while shares held by institutions stand at 93.43% with a share float percentage of 94.51%. Investors are also buoyed by the number of investors in a company, with EyePoint Pharmaceuticals Inc having a total of 203.0 institutions that hold shares in the company. The top two institutional holders are CORMORANT ASSET MANAGEMENT, LP with over 8.32 million shares worth more than $72.43 million. As of 2024-06-30, CORMORANT ASSET MANAGEMENT, LP held 15.7334% of shares outstanding.
The other major institutional holder is SUVRETTA CAPITAL MANAGEMENT, LLC, with the holding of over 5.18 million shares as of 2024-06-30. The firm’s total holdings are worth over $45.03 million and represent 9.7818% 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 Jun 30, 2024 , the former fund manager holds about 2.18% shares in the company for having 1.49 shares of worth $13.31 million while later fund manager owns 1.3 shares of worth $11.65 million as of Sep 30, 2024 , which makes it owner of about 1.91% of company’s outstanding stock.
