Oculis (NASDAQ:OCS) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Oculis (NASDAQ:OCS - Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.59) earnings per share for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.06), Zacks reports. The business had revenue of $0.25 million for the quarter, compared to analyst estimates of $0.14 million. Oculis had a negative net margin of 13,788.70% and a negative return on equity of 92.95%.Oculis Stock Up 1.4%Oculis stock opened at $17.80 on Friday. Oculis has a 52 week low of $10.79 and a 52 week high of $23.08. The company's 50 day moving average price is $18.41 and its two-hundred day moving average price is $18.74. The stock has a market cap of $777.15 million, a P/E ratio of -6.74 and a beta of 0.27. Wall Street Analyst Weigh InA number of research analysts have issued reports on OCS shares. HC Wainwright boosted their target price on Oculis from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Friday. Chardan Capital upped their target price on Oculis from $28.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $35.67.Check Out Our Latest Stock Analysis on OculisHedge Funds Weigh In On OculisSeveral institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Oculis during the 2nd quarter valued at $393,000. Geode Capital Management LLC increased its stake in Oculis by 27.7% in the second quarter. Geode Capital Management LLC now owns 29,436 shares of the company's stock valued at $571,000 after acquiring an additional 6,384 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Oculis by 2.2% during the second quarter. Bank of America Corp DE now owns 40,512 shares of the company's stock valued at $786,000 after buying an additional 878 shares during the last quarter. Hedge funds and other institutional investors own 22.30% of the company's stock. Oculis Company Profile (Get Free Report)Oculis Holding AG, a clinical-stage biopharmaceutical company, develops drug candidates to treat ophthalmic diseases. The company's lead product candidate is OCS-01, a topical dexamethasone optireach formulation, which is in Phase 3 clinical trials for the treatment of diabetic macular edema; OCS-02, a topical biologic candidate that is in Phase 2b clinical trials for the treatment for dry eye disease; and OCS-05, a disease modifying neuroprotective agent for neurological damage with indications for glaucoma, dry age-related macular degeneration and diabetic retinopathy, and acute optic neuritis.Further ReadingFive stocks we like better than OculisWhat does consumer price index measure? Broadcom Named in Apple’s $100B U.S. Investment PlanGolden Cross Stocks: Pattern, Examples and Charts 3 Reasons Salesforce Is a Bargain Right NowHow to Profit From Value Investing How ServiceNow Is Turning AI Strategy Into Real RevenueThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Oculis Right Now?Before you consider Oculis, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oculis wasn't on the list.While Oculis currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here