Ocular Therapeutix Inc (NASDAQ: OCUL) stock suffered a major decline of -22.7% on 4/18/24. The shares closed at $5.86. Moreover, this decline was accompanied by exceptionally high trading volume at 248% of normal. The stock has declined -25.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, OCUL is expected to continue to be a modest Value Eraser.
Ocular Therapeutix has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Ocular Therapeutix has a very low Appreciation Score of 3 but a very high Power Rating of 97, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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