Ocular Therapeutix Stock Beta
| OCUL Stock | USD 8.83 0.31 3.64% |
Ocular Therapeutix fundamentals help investors to digest information that contributes to Ocular Therapeutix's financial success or failures. It also enables traders to predict the movement of Ocular Stock. The fundamental analysis module provides a way to measure Ocular Therapeutix's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ocular Therapeutix stock.
Ocular | Beta |
Ocular Therapeutix Company Beta Analysis
Ocular Therapeutix's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Ocular Therapeutix Beta | 1.26 |
Most of Ocular Therapeutix's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ocular Therapeutix is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Ocular Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Ocular Therapeutix is extremely important. It helps to project a fair market value of Ocular Stock properly, considering its historical fundamentals such as Beta. Since Ocular Therapeutix's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ocular Therapeutix's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ocular Therapeutix's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Ocular Therapeutix has a Beta of 1.256. This is 46.05% higher than that of the Pharmaceuticals sector and 9.64% lower than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.
Ocular Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ocular Therapeutix's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ocular Therapeutix could also be used in its relative valuation, which is a method of valuing Ocular Therapeutix by comparing valuation metrics of similar companies.Ocular Therapeutix is currently under evaluation in beta category among its peers.
Ocular Therapeutix Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ocular Therapeutix from analyzing Ocular Therapeutix's financial statements. These drivers represent accounts that assess Ocular Therapeutix's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ocular Therapeutix's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 178.8M | 1.3B | 532.5M | 216.0M | 356.0M | 238.3M | |
| Enterprise Value | 183.7M | 1.1B | 427.3M | 178.0M | 243.6M | 200.8M |
Ocular Therapeutix ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Ocular Therapeutix's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Ocular Therapeutix's managers, analysts, and investors.Environmental | Governance | Social |
Ocular Therapeutix Institutional Holders
Institutional Holdings refers to the ownership stake in Ocular Therapeutix that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ocular Therapeutix's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ocular Therapeutix's value.| Shares | Adage Capital Partners Gp Llc | 2024-06-30 | 3.7 M | Geode Capital Management, Llc | 2024-06-30 | 3.5 M | Perceptive Advisors Llc | 2024-09-30 | 3.3 M | Assenagon Asset Management Sa | 2024-09-30 | 2.8 M | Point72 Asset Management, L.p. | 2024-06-30 | 2.7 M | Deltec Asset Management Llc | 2024-09-30 | 2.6 M | Octagon Capital Advisors Lp | 2024-06-30 | 2.4 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 2.3 M | Braidwell Lp | 2024-09-30 | 2.2 M | Summer Road Llc | 2024-06-30 | 14.9 M | Vr Adviser, Llc | 2024-06-30 | 12.8 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Ocular Therapeutix will likely underperform.
Ocular Fundamentals
| Return On Equity | -0.73 | ||||
| Return On Asset | -0.22 | ||||
| Profit Margin | (2.26) % | ||||
| Operating Margin | (2.65) % | ||||
| Current Valuation | 987.4 M | ||||
| Shares Outstanding | 157.22 M | ||||
| Shares Owned By Insiders | 1.00 % | ||||
| Shares Owned By Institutions | 91.07 % | ||||
| Number Of Shares Shorted | 12.67 M | ||||
| Price To Earning | (2.69) X | ||||
| Price To Book | 3.81 X | ||||
| Price To Sales | 21.92 X | ||||
| Revenue | 58.44 M | ||||
| Gross Profit | (6.51 M) | ||||
| EBITDA | (66.42 M) | ||||
| Net Income | (80.74 M) | ||||
| Cash And Equivalents | 134.54 M | ||||
| Cash Per Share | 1.75 X | ||||
| Total Debt | 83.39 M | ||||
| Debt To Equity | 0.90 % | ||||
| Current Ratio | 6.14 X | ||||
| Book Value Per Share | 0.79 X | ||||
| Cash Flow From Operations | (70.23 M) | ||||
| Short Ratio | 9.68 X | ||||
| Earnings Per Share | (1.29) X | ||||
| Target Price | 18.22 | ||||
| Number Of Employees | 267 | ||||
| Beta | 1.26 | ||||
| Market Capitalization | 1.34 B | ||||
| Total Asset | 252.06 M | ||||
| Retained Earnings | (697.58 M) | ||||
| Working Capital | 197.34 M | ||||
| Current Asset | 106.98 M | ||||
| Current Liabilities | 5.38 M | ||||
| Net Asset | 252.06 M |
About Ocular Therapeutix Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ocular Therapeutix's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ocular Therapeutix using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ocular Therapeutix based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ocular Therapeutix. If investors know Ocular will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ocular Therapeutix listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.29) | Revenue Per Share 0.529 | Quarterly Revenue Growth 0.083 | Return On Assets (0.22) | Return On Equity (0.73) |
The market value of Ocular Therapeutix is measured differently than its book value, which is the value of Ocular that is recorded on the company's balance sheet. Investors also form their own opinion of Ocular Therapeutix's value that differs from its market value or its book value, called intrinsic value, which is Ocular Therapeutix's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ocular Therapeutix's market value can be influenced by many factors that don't directly affect Ocular Therapeutix's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ocular Therapeutix's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocular Therapeutix is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocular Therapeutix's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.