Ocular Therapeutix - OCUL Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ocular Therapeutix in the last year. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" OCUL shares.
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3 Wall Street research analysts have issued 1 year target prices for Ocular Therapeutix's stock. Their OCUL share price forecasts range from $10.00 to $14.00. On average, they predict the company's stock price to reach $11.50 in the next twelve months. This suggests a possible upside of 137.1% from the stock's current price.
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Ocular Therapeutix's stock was trading at $2.81 at the beginning of the year. Since then, OCUL shares have increased by 72.6% and is now trading at $4.85.
View the best growth stocks for 2023 here.

Ocular Therapeutix saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 3,980,000 shares, an increase of 27.2% from the February 13th total of 3,130,000 shares. Based on an average daily trading volume, of 1,390,000 shares, the short-interest ratio is currently 2.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
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Ocular Therapeutix, Inc. (NASDAQ:OCUL) released its quarterly earnings results on Monday, November, 8th. The biopharmaceutical company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.03. The biopharmaceutical company earned $12.15 million during the quarter, compared to analysts' expectations of $12.13 million. Ocular Therapeutix had a negative net margin of 137.95% and a negative trailing twelve-month return on equity of 127.95%. During the same period last year, the business earned ($0.17) EPS.

ETFs with the largest weight of Ocular Therapeutix (NASDAQ:OCUL) stock in their portfolio include Invesco Raymond James SB-1 Equity ETF (RYJ), SPDR S&P Pharmaceuticals ETF (XPH), Principal Healthcare Innovators ETF (BTEC), ProShares Ultra Nasdaq Biotechnology (BIB) and Invesco Nasdaq Biotechnology ETF (IBBQ),

Ocular Therapeutix issued an update on its FY 2023 earnings guidance on Monday, March, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $55.00 million-$60.00 million, compared to the consensus revenue estimate of $69.98 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ocular Therapeutix investors own include Clearside Biomedical (CLSD), Northwest Biotherapeutics (NWBO), Novavax (NVAX), Dynavax Technologies (DVAX), Omeros (OMER), Gilead Sciences (GILD), TG Therapeutics (TGTX), Inovio Pharmaceuticals (INO) and SCYNEXIS (SCYX).

Ocular Therapeutix trades on the NASDAQ under the ticker symbol "OCUL."

Ocular Therapeutix's stock is owned by many different institutional and retail investors. Top institutional shareholders include Summer Road LLC (7.95%), Opaleye Management Inc. (7.89%), Deltec Asset Management LLC (2.41%), Geode Capital Management LLC (1.83%), Emerald Advisers LLC (1.25%) and Emerald Mutual Fund Advisers Trust (0.88%). Insiders that own company stock include Antony C Mattessich, Christopher G White, Donald Notman, Philip C Strassburger, Richard L Md Lindstrom and Summer Road Llc.
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Shares of OCUL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OCUL stock can currently be purchased for approximately $4.85.

Ocular Therapeutix (NASDAQ:OCUL) has a market capitalization of $375.92 million and generates $51.49 million in revenue each year. The biopharmaceutical company earns $-71,040,000.00 in net income (profit) each year or ($1.02) on an earnings per share basis.

The company employs 228 workers across the globe.

Ocular Therapeutix's mailing address is 15 CROSBY DRIVE, BEDFORD MA, 01730. The official website for the company is www.ocutx.com. The biopharmaceutical company can be reached via phone at (781) 357-4000, via email at chris.brinzey@westwicke.com, or via fax at 781-357-4001.