Ophthotech Corporation, a biopharmaceutical company, develops novel therapies to treat ophthalmic diseases, with a focus on age-related and orphan retinal diseases. The company is developing Zimura, an inhibitor of complement factor C5, for dry and wet forms of age-related macular degeneration, a disorder of the central portion of the retina known as the macula. Ophthotech Corporation has a research agreement with the University of Massachusetts Medical School to utilize the minigene therapy approach and novel gene delivery technologies to target retinal diseases. The company was founded in 2007 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
SymbolNASDAQ:OPHT
CUSIPN/A
Phone212-845-8200
Debt
Debt-to-Equity RatioN/A
Current Ratio18.62
Quick Ratio18.62
Price-To-Earnings
Trailing P/E Ratio0.84
Forward P/E Ratio-1.68
P/E GrowthN/A
Sales & Book Value
Annual Sales$209.98 million
Price / Sales0.46
Cash Flow$3.2378 per share
Price / Cash0.82
Book Value$1.06 per share
Price / Book2.50
Profitability
EPS (Most Recent Fiscal Year)$3.17
Net Income$114.20 million
Net MarginsN/A
Return on Equity-1,485.62%
Return on Assets79.93%
Miscellaneous
Employees38
Outstanding Shares36,190,000
Market Cap$96.26
Ophthotech (NASDAQ:OPHT) Frequently Asked Questions
What is Ophthotech's stock symbol?
Ophthotech trades on the NASDAQ under the ticker symbol "OPHT."
How were Ophthotech's earnings last quarter?
Ophthotech Corp (NASDAQ:OPHT) issued its earnings results on Wednesday, May, 9th. The biopharmaceutical company reported ($0.36) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.04. View Ophthotech's Earnings History.
When is Ophthotech's next earnings date?
What price target have analysts set for OPHT?
3 brokers have issued 12-month price targets for Ophthotech's shares. Their predictions range from $4.00 to $4.00. On average, they expect Ophthotech's share price to reach $4.00 in the next twelve months. This suggests a possible upside of 50.7% from the stock's current price. View Analyst Ratings for Ophthotech.
What is the consensus analysts' recommendation for Ophthotech?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ophthotech in the last year. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about Ophthotech stock?
Here are some recent quotes from research analysts about Ophthotech stock:
- 1. According to Zacks Investment Research, "Ophthotech is focused on development of Zimura, after the failure of Fovista program. The company has reassessed its wet age-related macular degeneration (AMD) program and is developing Zimura in combination with anti-VEGF therapy. The company also collaborated with other companies to develop Zimura in combination studies. With no approved products, the company’s revenues are dependent on collaborations, which may be affected by pipeline setbacks. In a major setback, Novartis terminated its agreement following the failure of Fovista in three phase III program on Fovista. The company lost a major source of revenues. Shares have underperformed the industry so far this year." (7/10/2018)
- 2. Chardan Capital analysts commented, "We understand previous attempts at this indication, e.g. via RhoNova (acquired by 2016), required 2 vectors (one to block the mutant protein and one to produce normal protein), which requires higher vector doses and was technically difficult. Work in mice has demonstrated a single vector construct can improve both retinal structure and function; and, the company indicated studies in large animal (i.e. canine) models have yielded promising results, which management expects will be published soon. A sponsored research agreement was also established between for continued preclinical and natural history studies. Ophthotech plans to initiate IND-enabling studies with the goal of beginning a phase I/II trial in early 2020." (6/13/2018)
Who are some of Ophthotech's key competitors?
Some companies that are related to Ophthotech include Savara (SVRA), Ra Pharmaceuticals (RARX), MediciNova (MNOV), Xeris Pharmaceuticals (XERS), Mersana Therapeutics (MRSN), Bellicum Pharmaceuticals (BLCM), Clementia Pharmaceuticals (CMTA), Clearside Biomedical (CLSD), AVEO Pharmaceuticals (AVEO), Kindred Biosciences (KIN), Vital Therapies (VTL), BioSpecifics Technologies (BSTC), GTX (GTXI), Paratek Pharmaceuticals (PRTK) and Catalyst Pharmaceuticals (CPRX).
Who are Ophthotech's key executives?
Ophthotech's management team includes the folowing people:
- Dr. David R. Guyer, Exec. Chairman (Age 58)
- Mr. Glenn P. Sblendorio M.B.A., CEO, Pres & Director (Age 62)
- Dr. Samir C. Patel M.D., Co-Founder and Consultant (Age 57)
- Mr. David F. Carroll, Sr. VP, CFO & Treasurer (Age 52)
- Mr. Keith Westby M.B.A., Sr. VP & COO (Age 43)
Has Ophthotech been receiving favorable news coverage?
News stories about OPHT stock have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ophthotech earned a daily sentiment score of 0.20 on Accern's scale. They also gave headlines about the biopharmaceutical company an impact score of 46.01 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.
How do I buy shares of Ophthotech?
Shares of OPHT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ophthotech's stock price today?
One share of OPHT stock can currently be purchased for approximately $2.6550.
How big of a company is Ophthotech?
Ophthotech has a market capitalization of $96.26 million and generates $209.98 million in revenue each year. The biopharmaceutical company earns $114.20 million in net income (profit) each year or $3.17 on an earnings per share basis. Ophthotech employs 38 workers across the globe.
How can I contact Ophthotech?
Ophthotech's mailing address is ONE PENN PLAZA 35TH FLOOR, NEW YORK NY, 10119. The biopharmaceutical company can be reached via phone at 212-845-8200 or via email at [email protected]
MarketBeat Community Rating for Ophthotech (NASDAQ OPHT)
MarketBeat's community ratings are surveys of what our community members think about Ophthotech and other stocks. Vote "Outperform" if you believe OPHT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OPHT will underperform the S&P 500 over the long term. You may vote once every thirty days.
