OCUL Stock Summary and Trading Ideas (Ocular Therapeutix | NASDAQ:OCUL)

Ocular Therapeutix Inc is a biotechnology company that specializes in therapies for diseases and conditions of the eye. The company uses its proprietary hydrogel platform technology to deliver therapeutic agents to the eye. Its pipeline consists of eye medication that aims to overcome the limitations of current eye-drop-based therapies for ophthalmic diseases and conditions. Its pipeline product includes Dextenza, OTX-TIC, OTX-TKI, and OTX-IVT.

Ocular Therapeutix trades on the NASDAQ stock market under the symbol OCUL.

As of April 22, 2024, OCUL stock price declined to $5.07 with 3,641,154 million shares trading.

OCUL has a beta of 2.49, meaning it tends to be more sensitive to market movements. OCUL has a correlation of 0.08 to the broad based SPY ETF.

OCUL has a market cap of $754.14 million. This is considered a Small Cap stock.

Last quarter Ocular Therapeutix reported $15 million in Revenue and -$.35 earnings per share. This fell short of revenue expectation by $-908,000 and missed earnings estimates by -$.05.

In the last 3 years, OCUL stock traded as high as $19.84 and as low as $2.00.

The top ETF exchange traded funds that OCUL belongs to (by Net Assets): VTI, VXF, IWM, IWO, VTWO.

OCUL has underperformed the market in the last year with a price return of -12.8% while the SPY ETF gained +22.3%. However, in the short term, OCUL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +31.8% vs +3.9% return in SPY. But in the last 2 weeks, OCUL shares have been beat by the market, returning -39.9% compared to an SPY return of -3.6%.

OCUL support price is $4.94 and resistance is $5.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OCUL stock will trade within this expected range on the day.