Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Ocular Therapeutix Inc (NASDAQ: OCUL) closed at $9.01 in the last session, down -1.10% from day before closing price of $9.11. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 0.66 million shares were traded. OCUL stock price reached its highest trading level at $9.2 during the session, while it also had its lowest trading level at $8.96.
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 PRAVIN DUGEL bought 20,880 shares for $9.02 per share.
SANJAY NAYAK bought 1,832 shares of OCUL for $16,526 on Aug 23 ’24. On Aug 21 ’24, another insider, RABIA OZDEN, who serves as the Officer of the company, bought 10,000 shares for $8.90 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 1420444544 and an Enterprise Value of 1020052352. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.99 while its Price-to-Book (P/B) ratio in mrq is 3.71. Its current Enterprise Value per Revenue stands at 16.696 whereas that against EBITDA is -9.211.
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 19.42%, while the 200-Day Moving Average is calculated to be 44.42%.
Shares Statistics:
According to the various share statistics, OCUL traded on average about 1.85M shares per day over the past 3-months and 856860 shares per day over the past 10 days. A total of 155.92M shares are outstanding, with a floating share count of 135.49M. Insiders hold about 13.10% of the company’s shares, while institutions hold 76.73% stake in the company. Shares short for OCUL as of 1722384000 were 19087496 with a Short Ratio of 10.32, compared to 1719532800 on 21339425. Therefore, it implies a Short% of Shares Outstanding of 19087496 and a Short% of Float of 12.3100005.
