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The price of Ocular Therapeutix Inc (NASDAQ: OCUL) closed at $9.32 in the last session, down -1.69% from day before closing price of $9.48. In other words, the price has decreased by -$1.69 from its previous closing price. On the day, 0.78 million shares were traded. OCUL stock price reached its highest trading level at $9.68 during the session, while it also had its lowest trading level at $9.3.
Ratios:
We take a closer look at OCUL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 16.55 and its Current Ratio is at 16.64. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on June 20, 2024, Upgraded its rating to Buy and sets its target price to $11 from $7 previously.
On February 09, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $15.BofA Securities initiated its Buy rating on February 09, 2024, with a $15 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 23 ’24 when Nayak Sanjay sold 1,832 shares for $9.02 per share. The transaction valued at 16,525 led to the insider holds 176,194 shares of the business.
Dugel Pravin sold 20,880 shares of OCUL for $188,338 on Aug 23 ’24. The insider now owns 812,473 shares after completing the transaction at $9.02 per share. On Aug 27 ’24, another insider, RABIA OZDEN, who serves as the Officer of the company, bought 18,333 shares for $9.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OCUL now has a Market Capitalization of 1453192960 and an Enterprise Value of 1068388096. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.78 while its Price-to-Book (P/B) ratio in mrq is 3.84. Its current Enterprise Value per Revenue stands at 17.487 whereas that against EBITDA is -9.647.
Stock Price History:
Over the past 52 weeks, OCUL has reached a high of $11.31, while it has fallen to a 52-week low of $2.00. The 50-Day Moving Average of the stock is 7.89%, while the 200-Day Moving Average is calculated to be 30.20%.
Shares Statistics:
According to the various share statistics, OCUL traded on average about 1.19M shares per day over the past 3-months and 1346870 shares per day over the past 10 days. A total of 155.92M shares are outstanding, with a floating share count of 135.52M. Insiders hold about 13.09% of the company’s shares, while institutions hold 76.89% stake in the company. Shares short for OCUL as of 1726185600 were 17456243 with a Short Ratio of 14.64, compared to 1723680000 on 18774495. Therefore, it implies a Short% of Shares Outstanding of 17456243 and a Short% of Float of 11.2399995.
