Second Sight Medical Products Inc. (NASDAQ: EYES): The Metrics That Matter Right Now – Stocks Register
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Second Sight Medical Products Inc. (NASDAQ: EYES): The Metrics That Matter Right Now

Second Sight Medical Products Inc. (NASDAQ:EYES) price on Friday, October 08, fall -0.33% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.98.

A look at the stock’s price movement, the close in the last trading session was $2.99, moving within a range at $2.94 and $3.05. The beta value (5-Year monthly) was 3.40. Turning to its 52-week performance, $20.00 and $0.72 were the 52-week high and 52-week low respectively. Overall, EYES moved -17.45% over the past month.


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Second Sight Medical Products Inc.’s market cap currently stands at around $118.90 million, with investors looking forward to this quarter’s earnings report slated for Jun 26, 2020.

Analysts have a consensus estimate of $240k for the company’s revenue for the quarter, with a low and high estimate of $240k and $240k respectively. The average forecast suggests down to a -49.20% growth in sales growth compared to quarterly growth in the same period last fiscal year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that EYES is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend EYES as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

EYES’s current price about -9.20% and -15.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.57, while 7-day volatility ratio is 4.71% and 5.25% in the 30-day chart. Further, Second Sight Medical Products Inc. (EYES) has a beta value of 3.35, and an average true range (ATR) of 0.18. Analysts have given the company’s stock an average 52-week price target of $10.00, forecast between a low of $10.00 and high of $10.00. Looking at the price targets, the low is -235.57% off current price level while to achieve the yearly target high, price needs to move -235.57%. Nonetheless, investors will most likely welcome a -235.57% jump to $10.00 which is the analysts’ median price.

In the market, a comparison of Second Sight Medical Products Inc. (EYES) and its peers suggest the former has performed considerably weaker. Data shows EYES’s intraday price has changed -0.33% in last session and 222.20% over the past year. Comparatively, Invacare Corporation (IVC) has moved 5.72% on the day and only -43.86% in the past 12 months. Looking at another peer, we see that Cutera Inc. (CUTR) price has dipped -1.86% on the day. However, the stock is 112.28% off its price a year ago. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.19% and -0.03% respectively in the last trading.

If we refocus on Second Sight Medical Products Inc. (NASDAQ:EYES), historical trading data shows that trading volumes averaged 0.64 million over the past 10 days and 1.92 million over the past 3 months. The company’s latest data on shares outstanding shows there are 28.67 million shares.

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The 26.23% of Second Sight Medical Products Inc.’s shares are in the hands of company insiders while institutional holders own 18.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.24 million on Jul 14, 2021, giving us a short ratio of 0.89. The data shows that as of Jul 14, 2021 short interest in Second Sight Medical Products Inc. (EYES) stood at 8.21% of shares outstanding, with shares short rising to 2.94 million registered in Jun 14, 2021. Current price change has pushed the stock 59.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EYES stock continues to rise going into the next quarter.

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