Ocuphire Pharma Stock Price on November 3, 2020
| OCUP Stock | USD 1.51 0.15 9.04% |
Below is the normalized historical share price chart for Ocuphire Pharma extending back to November 30, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ocuphire Pharma stands at 1.51, as last reported on the 23rd of April, with the highest price reaching 1.64 and the lowest price hitting 1.50 during the day.
If you're considering investing in Ocuphire Stock, it is important to understand the factors that can impact its price. Ocuphire Pharma maintains Sharpe Ratio (i.e., Efficiency) of -0.18, which implies the firm had a -0.18% return per unit of risk over the last 3 months. Ocuphire Pharma exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocuphire Pharma's Risk Adjusted Performance of (0.10), coefficient of variation of (544.03), and Variance of 15.03 to confirm the risk estimate we provide.
At this time, Ocuphire Pharma's Total Stockholder Equity is relatively stable compared to the past year. As of 04/23/2024, Liabilities And Stockholders Equity is likely to grow to about 56.6 M, while Common Stock is likely to drop 1,710. . As of 04/23/2024, Price Earnings To Growth Ratio is likely to grow to 0.05, while Price To Sales Ratio is likely to drop 3.24. Ocuphire Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 23rd of May 2005 | 200 Day MA 3.0671 | 50 Day MA 2.1744 | Beta 0.242 |
Ocuphire |
Sharpe Ratio = -0.1752
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| Negative Returns | OCUP |
Estimated Market Risk
| 4.0 actual daily | 35 65% of assets are more volatile |
Expected Return
| -0.7 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ocuphire Pharma is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ocuphire Pharma by adding Ocuphire Pharma to a well-diversified portfolio.
Price Book 0.9149 | Enterprise Value Ebitda (2.66) | Price Sales 2.3968 | Shares Float 23.8 M | Wall Street Target Price 19.2 |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Ocuphire Pharma Stock history
Ocuphire Pharma investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ocuphire is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocuphire Pharma will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ocuphire Pharma stock prices may prove useful in developing a viable investing in Ocuphire Pharma
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 21.6 M | 20.5 M | |
| Net Income Applicable To Common Shares | 16.1 M | 16.9 M |
Ocuphire Pharma Quarterly Net Working Capital |
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Ocuphire Pharma Stock Technical Analysis
Ocuphire Pharma technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Ocuphire Pharma Period Price Range
Ocuphire Pharma April 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Ocuphire Pharma stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocuphire Pharma shares will generate the highest return on investment. By undertsting and applying Ocuphire Pharma stock market strength indicators, traders can identify Ocuphire Pharma entry and exit signals to maximize returns
| Accumulation Distribution | 32373.38 | |||
| Daily Balance Of Power | (1.07) | |||
| Rate Of Daily Change | 0.91 | |||
| Day Median Price | 1.57 | |||
| Day Typical Price | 1.55 | |||
| Price Action Indicator | (0.13) | |||
| Period Momentum Indicator | (0.15) |
Ocuphire Pharma Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocuphire Pharma's price direction in advance. Along with the technical and fundamental analysis of Ocuphire Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocuphire to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.84) | |||
| Total Risk Alpha | (1.20) | |||
| Treynor Ratio | (0.46) |
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| Volume Indicators |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocuphire Pharma. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. To learn how to invest in Ocuphire Stock, please use our How to Invest in Ocuphire Pharma guide.You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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Is Ocuphire Pharma's industry 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 Ocuphire Pharma. If investors know Ocuphire 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 Ocuphire Pharma listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.46) | Revenue Per Share 0.882 | Quarterly Revenue Growth (0.96) | Return On Assets (0.13) | Return On Equity (0.21) |
The market value of Ocuphire Pharma is measured differently than its book value, which is the value of Ocuphire that is recorded on the company's balance sheet. Investors also form their own opinion of Ocuphire Pharma's value that differs from its market value or its book value, called intrinsic value, which is Ocuphire Pharma'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 Ocuphire Pharma's market value can be influenced by many factors that don't directly affect Ocuphire Pharma'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 Ocuphire Pharma's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocuphire Pharma is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocuphire Pharma'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.