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NASDAQ:OTIC - Otonomy Stock Price, Forecast & News

$3.20
+0.16 (+5.26 %)
(As of 02/28/2020 01:19 PM ET)
Today's Range
$2.95
Now: $3.20
$3.20
50-Day Range
$3.04
MA: $3.46
$3.97
52-Week Range
$2.10
Now: $3.20
$4.18
Volume4,654 shs
Average Volume209,943 shs
Market Capitalization$98.40 million
P/E RatioN/A
Dividend YieldN/A
Beta2.75
Otonomy, Inc, a biopharmaceutical company, develops therapeutics for neurotology in the United States. The company offers OTIPRIO, a ciprofloxacin otic suspension for use during tympanostomy tube placement surgery in pediatric patients. It also develops OTIVIDEX, a sustained-exposure formulation of the steroid dexamethasone in Phase III clinical trial for the treatment of Ménière's disease; OTO-313, a sustained-exposure formulation of N-methyl-D-aspartate receptor antagonist gacyclidine, which is in Phase I/II clinical trial to treat tinnitus; and OTO-413, a proprietary formulation of brain-derived neurotrophic factor that is in Phase I/II clinical trial for the repair of cochlear synaptopathy and the treatment of speech-in-noise hearing difficulties. Read More…

Industry, Sector and Symbol

Industry Pharmaceutical preparations
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:OTIC
CUSIPN/A
Phone619-323-2200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$750,000.00
Book Value$2.60 per share

Profitability

Net Income$-50,370,000.00
Net Margins-6,516.78%

Miscellaneous

Employees49
Market Cap$98.40 million
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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Otonomy (NASDAQ:OTIC) Frequently Asked Questions

What is Otonomy's stock symbol?

Otonomy trades on the NASDAQ under the ticker symbol "OTIC."

How were Otonomy's earnings last quarter?

Otonomy Inc (NASDAQ:OTIC) released its earnings results on Thursday, February, 27th. The biopharmaceutical company reported ($0.36) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.47) by $0.11. The biopharmaceutical company had revenue of $0.09 million for the quarter, compared to analysts' expectations of $0.11 million. Otonomy had a negative return on equity of 72.06% and a negative net margin of 6,516.78%. View Otonomy's Earnings History.

When is Otonomy's next earnings date?

Otonomy is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Otonomy.

What price target have analysts set for OTIC?

4 analysts have issued twelve-month price targets for Otonomy's stock. Their forecasts range from $5.00 to $8.00. On average, they anticipate Otonomy's stock price to reach $7.00 in the next year. This suggests a possible upside of 118.8% from the stock's current price. View Analyst Price Targets for Otonomy.

What is the consensus analysts' recommendation for Otonomy?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Otonomy in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Otonomy.

What are Wall Street analysts saying about Otonomy stock?

Here are some recent quotes from research analysts about Otonomy stock:
  • 1. According to Zacks Investment Research, "Otonomy, Inc. engages in developing and commercializing therapeutics to address unmet medical needs in the otology market. It develops therapeutics for treatment of inner and middle ear disorders. The Company's product candidates under development includes AuriPro to treat pediatric patients with middle ear effusion; and OTO-104 for the treatment of patients with Ménière's disease. Otonomy, Inc. is headquartered in San Diego, California. " (1/7/2020)
  • 2. HC Wainwright analysts commented, "Our $8 12-month target is based on a 60% probability of success adjusted DCF. We only include in our model—assuming 2022 launch and over $300M peak sales—and do not include any contribution from the early-stage pipeline. Our DCF reflects a 12% WACC discount rate and 1% terminal growth beyond 2028, which we think is appropriate assuming IP into the 2030s, and a likely high generic bioequivalence bar for locally acting therapy, requiring a head-to-head clinical trial." (8/29/2019)

Has Otonomy been receiving favorable news coverage?

Media stories about OTIC stock have trended very negative on Friday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Otonomy earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media coverage about the biopharmaceutical company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Otonomy.

Are investors shorting Otonomy?

Otonomy saw a decline in short interest during the month of February. As of February 14th, there was short interest totalling 130,300 shares, a decline of 29.1% from the January 30th total of 183,800 shares. Based on an average trading volume of 193,200 shares, the short-interest ratio is presently 0.7 days. Approximately 0.5% of the shares of the stock are sold short. View Otonomy's Current Options Chain.

Who are some of Otonomy's key competitors?

What other stocks do shareholders of Otonomy own?

Who are Otonomy's key executives?

Otonomy's management team includes the folowing people:
  • Dr. Jay B. Lichter, Co-Founder & Chairman (Age 57)
  • Dr. David Allen Weber, Pres, CEO & Director (Age 59)
  • Mr. Paul E. Cayer, Chief Financial & Bus. Officer (Age 57)
  • Mr. Robert Michael Savel II, Chief Technical Officer (Age 51)
  • Dr. Allen F. Ryan Ph.D., Co-Founder and Member of the Advisory Panel

Who are Otonomy's major shareholders?

Otonomy's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (6.31%), Sofinnova Investments Inc. (4.93%), Ikarian Capital LLC (3.47%), Mercer Global Advisors Inc. ADV (0.45%), Bank of America Corp DE (0.44%) and Jacobs Levy Equity Management Inc. (0.22%). View Institutional Ownership Trends for Otonomy.

Which institutional investors are selling Otonomy stock?

OTIC stock was sold by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc. and Bank of America Corp DE. View Insider Buying and Selling for Otonomy.

Which institutional investors are buying Otonomy stock?

OTIC stock was acquired by a variety of institutional investors in the last quarter, including Ikarian Capital LLC, Renaissance Technologies LLC, Mercer Global Advisors Inc. ADV and Sofinnova Investments Inc.. View Insider Buying and Selling for Otonomy.

How do I buy shares of Otonomy?

Shares of OTIC 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, Robinhood, Fidelity and Charles Schwab.

What is Otonomy's stock price today?

One share of OTIC stock can currently be purchased for approximately $3.20.

How big of a company is Otonomy?

Otonomy has a market capitalization of $98.40 million and generates $750,000.00 in revenue each year. The biopharmaceutical company earns $-50,370,000.00 in net income (profit) each year or ($1.65) on an earnings per share basis. Otonomy employs 49 workers across the globe.View Additional Information About Otonomy.

What is Otonomy's official website?

The official website for Otonomy is http://www.otonomy.com/.

How can I contact Otonomy?

Otonomy's mailing address is 4796 EXECUTIVE DRIVE, SAN DIEGO CA, 92121. The biopharmaceutical company can be reached via phone at 619-323-2200 or via email at [email protected]


MarketBeat Community Rating for Otonomy (NASDAQ OTIC)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  297 (Vote Outperform)
Underperform Votes:  289 (Vote Underperform)
Total Votes:  586
MarketBeat's community ratings are surveys of what our community members think about Otonomy and other stocks. Vote "Outperform" if you believe OTIC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OTIC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/28/2020 by MarketBeat.com Staff

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