Otonomy Inc. (OTIC): Next Year EPS Value is Estimated at -1.09

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Otonomy Inc. (NASDAQ:OTIC) changes shares on Monday trading session, with a change of -2.85% or -$0.1 shares. The trading starts at $3.56 and closed at $3.51 throughout the day. The trading session low price was $3.31 and day high was $3.57 on Monday, August 03. After the session, the Healthcare sector daily volume shifted to 0.48 million while its average volume is 323.26K. In other hand, the OTIC market cap reached to $170.02M.

On July 9, 2020, BRIEF-Otonomy Announces Pricing Of $60.1 Million Public Offering. According to the news reported on Reuters, * OTONOMY INC – PRICING OF UNDERWRITTEN PUBLIC OFFERING OF 14.5 MILLION SHARES OF COMMON STOCK AT PRICE TO PUBLIC OF $3.25 PER SHARE Source text for Eikon: Further company coverage:

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -15.80% and up 7.91% for month. Its quarterly performance was 40.33% above, while its half year performance is down -0.87%. OTIC yearly performance stood at positive 33.20% and fall -10.97% for year-to-date. Current recommendation for Otonomy Inc. is 1.80.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. OTIC EPS (TTM) for 12-month is -1.45. EPS for this year is 11.60%, while for the next year its value is -1.09. Its EPS Q/Q reached 2.30%. It has an EPS of 23.30% up for past five years and for the next five years will be up 20.40%.

Let’s take a look on the analyst recommendations on OTIC for the current month and previous month. For the current month, 5 of 5 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $8.00 – $11.00. Average target price for OTIC was reached at $9.40.

Tpg Group Holdings (sbs) Advisors, Inc., Renaissance Technologies, LLC and Sofinnova Investments, Inc. are the top three holders in Otonomy Inc. (OTIC) stock. On Mar 30, 2020, Tpg Group Holdings (sbs) Advisors, Inc. has 2.16 million shares which valued 4.25 million. On Mar 30, 2020, Renaissance Technologies, LLC owned 1.92 million shares which valued at 3.79 million. On Mar 30, 2020, Sofinnova Investments, Inc. has a total of 1.52 million shares which valued at 2.99 million. In the end, Sofinnova Investments, Inc. have 4.91% shares outstanding of Otonomy Inc. (OTIC) on Mar 30, 2020. The insider ownership moved to 0.35% and institutional holding shifted to 42.30%.

The company posted an EPS (TTM) of -1.45. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of -0.39, while -0.38 EPS posted a year ago period. Analyst Estimated EPS for OTIC published in the report was -$0.4 – -$0.37 during the same period. Comparing with last year, the average estimated EPS was -0.38 which is equal to -0.38 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for OTIC rise 19.24% for period of 200 days. SMA for 50 days was -0.37% which is showing red signal, while SMA-20 was -12.76%. The moving average value for Otonomy Inc. (OTIC) is 146.45k and 0.63% for 200 and 50 days respectively.