Purchase Of Shares In IVERIC bio Inc. (ISEE) By Simms Christopher Paul

As of Friday close, IVERIC bio Inc.’s (NASDAQ:ISEE) stock was up $0.68, moving up 5.61 percent to $12.81. The average number of shares traded per day over the past five days has been 2,066,180 shares. 5 times new highs have been achieved over the past 5 days, with a $2.12 gain in that time frame. In the last twenty days, the average volume was 1,921,265, while in the previous 50 days, it was 1,981,544.

Since last month, ISEE stock rose 14.48%. Shares of the company fell to $10.04 on 07/06/22, the lowest level in the past month. A 52-week high of $19.34 was reached on 04/05/22 after having rallying from a 52-week low of $8.37. Since the beginning of this year, ISEE’s stock price has dropped by -23.39% or -$3.91, and marked a new high 6 times. However, the stock has declined by -33.78% since its 52-week high.


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IVERIC bio Inc. (ISEE) last reported insider trading activity 3 days ago on Aug 03. Simms Christopher Paul, the SVP, Chief Commercial Officer of the company, disposed of 12,272 shares for $11.25 on Aug 03. It resulted in a $138,060 divestment by the insider. Gibney Anthony S sold 7,791 shares at an average price of $9.41 on Jul 05. The insider now owns 10,959 shares following the transaction. On Jun 13, Director Roberts Calvin W. bought 25,000 shares at $9.62 apiece. The transaction was valued at $240,500.

Financial Health

In the three months ended June 29, IVERIC bio Inc.’s quick ratio stood at 12.00, while its current ratio was 12.00, showing that the company is able to pay off its debt. Based on annual data, ISEE earned $114.76 million in gross profit.

While analysts expected IVERIC bio Inc. to report -$0.31 quarterly earnings, the actual figure was -$0.41 per share, beating the consensus estimate by -32.30%. The liabilities of IVERIC bio Inc. were 26.81 million at the end of its most recent quarter ended June 29, and its total debt was $2.06 million. The value of shareholders’ equity is $118.08 million.

Technical Picture

This quick technical analysis looks at IVERIC bio Inc.’s (ISEE) price momentum. With a historical volatility rate of 45.08%, the RSI 9-day stood at 73.12% on 05 August.

With respect to its five-day moving average, the current IVERIC bio Inc. price is up by +19.83% percent or $2.12. At present, ISEE shares trade +9.39% above its 20-day simple moving average and -8.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately +22.00% above its SMA50 and -26.04% below its SMA200.

Stochastic coefficient K was 72.34% and Stochastic coefficient D was 49.04%, while ATR was 0.76. Given the Stochastic reading of 99.60% for the 14-day period, the RSI (14) reading has been calculated as 65.82%. As of today, the MACD Oscillator reading stands at 0.89, while the 14-day reading stands at 0.82.

Analyst Ratings

UBS launched its rating on IVERIC bio Inc. (NASDAQ: ISEE) to a Buy in a note to investors on August 02, 2022. IVERIC bio Inc. (ISEE) has been rated Buy by analysts. According to 0 brokerage firms, ISEE is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate IVERIC bio Inc. stock as buy, with 10 recommending it as overweight.

With a median target price of $25.50, the current consensus forecast for the stock is $12.00 – $30.00. Based on these forecasts, analysts predict IVERIC bio Inc. (ISEE) will achieve an average price target of $24.08.

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