Ocular Therapeutix Inc (NASDAQ:OCUL) price on current trading day, rose 0.38% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.64.
A look at the stock’s price movement, the level at last check in today’s session was $10.60, moving within a range at $9.88 and $10.735. The beta value (5-Year monthly) was 1.256. Turning to its 52-week performance, $11.77 and $2.05 were the 52-week high and 52-week low respectively. Overall, OCUL moved -7.24% over the past month.
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Ocular Therapeutix Inc’s market cap currently stands at around $1.66 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OCUL is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
3 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, 3 recommend OCUL 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.
OCUL’s current price about -2.39% and 7.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.01, while 7-day volatility ratio is 4.95% and 4.89% in the 30-day chart. Further, Ocular Therapeutix Inc (OCUL) has a beta value of 1.21, and an average true range (ATR) of 0.56. Analysts have given the company’s stock an average 52-week price target of $16, forecast between a low of $14 and high of $24. Looking at the price targets, the low is -31.58% off recent price level in today’s trading while to achieve the yearly target high, it has to move -125.56%. Nonetheless, investors will most likely welcome a -50.38% jump to $16 which is the analysts’ median price.
If we refocus on Ocular Therapeutix Inc (NASDAQ:OCUL), historical trading data shows that trading volumes averaged 0.84 over the past 10 days and 1.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 155.92 million shares.
The 13.42% of Ocular Therapeutix Inc’s shares are in the hands of company insiders while institutional holders own 80.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.67 million on 2024-10-31, giving us a short ratio of 9.68. The data shows that as of 2024-10-31 short interest in Ocular Therapeutix Inc (OCUL) stood at 815.99995 of shares outstanding, with shares short falling to 16.19 million registered in 2024-09-30. Current price change has pushed the stock 138.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OCUL stock continues to rise going into the next quarter.
