Looking To Buy Otonomy Inc. (OTIC)? Read This First

Otonomy Inc. (NASDAQ:OTIC) saw an upside of 3.45% to $1.80 after adding $0.06 on Wednesday. The 5-day average trading volume is 293,446 shares of the company’s common stock. It has gained $1.8400 in the past week. An average of 272,917 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 363,461.

OTIC’s 1-month performance is 13.73% or $0.2704 on its low of $1.5100 reached on 09/14/21. The company’s shares have touched a 52-week low of $1.14 and high of $6.98, with the stock’s rally to the 52-week high happening on 01/06/21. YTD, OTIC has lost -73.11% or -$4.6696. However, the current price is down -74.22%% from the 52-week high price.


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Insider Transactions

On Mar 03, 224 days have gone by since the last insider trading activity for Otonomy Inc. (OTIC). Lichter Jay (Director) most recently sold 321,180 shares at $2.70 per share on Mar 03. This transaction cost the insider $866,544. Director, Lichter Jay, sold 389,574 shares at a price of $2.90 on Mar 02. Then, on Mar 01, Director Lichter Jay sold 173,700 shares at a price of $2.86 per share. This transaction amounted to $496,087.

Valuation Metrics

Otonomy Inc. (OTIC) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 32.23 for the sector.OTIC stock has a beta of 1.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 507.56 while the price-to-book (PB) in the most recent quarter is 1.47.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.20, while the total debt to equity was 0.00The trailing 12-month EBITDA margin is -22060.44%. The firm’s gross profit as reported stood at -$0.92 million against revenue of $0.27 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Otonomy Inc.’s cash and short-term investments amounted to $12.78 million against total debt of $32.22 million. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected OTIC to announce -$0.18 per share in earnings in its latest quarter, but it posted -$0.19, representing a -5.60% surprise. EBITDA for the quarter stood at more than -$11.85 million. OTIC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 37.77 million, with total debt at $32.22 million. Shareholders hold equity totaling $56.68 million

Technical Picture

Let’s look briefly at Otonomy Inc. (OTIC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 56.54% to suggest the stock is trending Neutral, with historical volatility in this time period at 53.44%.

The stock’s 5-day moving average is $1.7421, reflecting a +4.07% or $0.0704 change from its current price. OTIC is currently trading +12.52% above its 20-day SMA, -27.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.12% and -70.19% respectively.

Stochastic %K and %D was 37.54% and 31.10% and the average true range (ATR) pointed at 0.1206. The RSI (14) points at 55.35%, while the 14-day stochastic is at 50.12% with the period’s ATR at 0.1211. The stock’s 9-day MACD Oscillator is pointing at 0.0234 and -0.0228 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for OTIC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate OTIC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is OTIC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.00 and a high of $9.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Otonomy Inc. (OTIC) stock is $6.50.

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