Opaleye Management, Inc. has recently announced that it has increased stake in Ocular Therapeutix Inc. (NASDAQ:OCUL) by 0.51%. After grabbing 6.11 million shares, the institutional investor is now in possession of 30900.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 7.88% having worth around $37.86 million. Moreover, The Vanguard Group, Inc. increased its share by 62619.0 to have a control over 3.9 million shares. And Deltec Asset Management LLC raised its holdings to 60667.0 shares by acquiring 1.91 million shares or 2.47% of the stake.
Ocular Therapeutix Inc. (OCUL) concluded trading on 05/25/23 at a closing price of $6.24, with 1.19 million shares of worth about $7.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 111.53% during that period and on Thursday the price saw a loss of about -6.31%. Currently the company’s common shares owned by public are about 77.39M shares, out of which, 76.10M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the OCUL stock and their offered price forecasts bring an average price target of $12.75. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $18.00 and could fall to a lowest price of $8.00. The stock’s current price level is 51.06% above of average price target set by the analysts, while a rise to estimated low would result in gain of 22.0% for the stock. However, touching the estimated high of $18.00 would mean a gain of 65.33% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 23 times over the past 12 months. They bought 625,005 shares in 18 of the transactions. In 5 selling transactions, insiders dumped 44,571 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Ocular Therapeutix Inc. Vanguard Total Stock Market ETF is currently holding 2.31 million shares of worth totaling $14.33 million. The company recently came buying 0.0 shares which brought its stake up to 2.98% of the company’s outstanding shares. iShares Russell 2000 ETF sold 23920.0 shares, after which its hold over company’s outstanding shares shrunk to 2.11%, leaving 1.64 million shares with the mutual fund that have a worth of about $10.14 million. Vanguard Extended Market Index Fu, after selling 1.15 million shares, have now control over 1.48% of the stake in the company. It holds 18624.0 shares of worth $7.12 million.
Ocular Therapeutix Inc. (NASDAQ: OCUL) started trading at $6.70, above $0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 6.81, or with a loss of -6.31%. Stock saw a price change of -2.04% in past 5 days and over the past one month there was a price change of 3.83%. Year-to-date (YTD), OCUL shares are showing a performance of 122.06% which increased to 101.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.57 but also hit the highest price of $7.32 during that period. The average intraday trading volume for Ocular Therapeutix Inc. shares is 1.00 million. The stock is currently trading -1.49% below its 20-day simple moving average (SMA20), while that difference is up 8.86% for SMA50 and it goes to 34.13% higher than SMA200.
Opaleye Management, Inc. acquired 6.11 million shares of Ocular Therapeutix Inc. having value of about $37.86 million. Data submitted at the U.S SEC by Opaleye Management, Inc. revealed that the firm now holds 30900.0 shares in the company valued at close to $192816.0, or have control over 0.51% stake in the company. Ocular Therapeutix Inc. (NASDAQ: OCUL) currently have 77.39M outstanding shares and institutions hold larger chunk of about 56.60% of that. Holding of mutual funds in the company is about 30.57% while other institutional holders and individual stake holders have control over 38.29% and 13.14% of the stake respectively.
The stock has a current market capitalization of $476.99M and its 3Y-monthly beta is at 1.29. It has posted earnings per share of -$1.15 in the same period. It has Quick Ratio of 3.50 while making debt-to-equity ratio of 5.64. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OCUL, volatility over the week remained 6.53% while standing at 5.52% over the month.
Analysts are in expectations that Ocular Therapeutix Inc. (OCUL) stock would likely to be making an EPS of -$0.28 in the current quarter, while forecast for next quarter EPS is -$0.28 and it is -$0.94 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.3 which is -$0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -977.30% while it is estimated to increase by 18.30% in next year.
Analysts at 8 brokerage firms have issued recommendations for the Ocular Therapeutix Inc. (OCUL)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 8 Wall Street analysts, 6 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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