Opus Genetics (IRD) Stock Price, News & Analysis

Company Overview

Opus Genetics Inc. is a clinical-stage ophthalmic biopharmaceutical company, focuses on developing and commercializing therapies for the treatment of unmet needs of patients with refractive and retinal eye disorders. Opus Genetics Inc., formerly known as Ocuphire Pharma Inc., is based in Farmington Hills, Michigan.

Key Stats

• Today's Range: $0.98 to $1.10
• 50-Day Range: N/A
• 52-Week Range: $0.81 to $3.40
• Volume: 399,234 shs
• Average Volume: 180,950 shs
• Market Capitalization: $30.89 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.00
• Consensus Rating: Buy

Opus Genetics Stock Analysis - MarketRank™

Opus Genetics scored higher than 54% of companies evaluated by MarketBeat, and ranked 553rd out of 944 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Opus Genetics has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Opus Genetics has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Opus Genetics are expected to grow in the coming year, from ($1.22) to ($1.03) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Opus Genetics is -0.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Opus Genetics is -0.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Opus Genetics has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for IRD.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Opus Genetics does not currently pay a dividend.

Dividend Growth

Opus Genetics does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for IRD.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.70

News Sentiment

Opus Genetics has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Opus Genetics this week, compared to 1 article on an average week.

MarketBeat Follows

Only 1 people have added Opus Genetics to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Opus Genetics insiders have bought more of their company's stock than they have sold. Specifically, they have bought $101,097.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 6.60% of the stock of Opus Genetics is held by insiders.

Percentage Held by Institutions

Only 14.97% of the stock of Opus Genetics is held by institutions.

IRD Stock Analysis - Frequently Asked Questions

How have IRD shares performed this year?

Opus Genetics' stock was trading at $1.08 at the beginning of 2024. Since then, IRD stock has decreased by 9.4% and is now trading at $0.9785.
View the best growth stocks for 2024 here.

How were Opus Genetics' earnings last quarter?

Opus Genetics, Inc. (NASDAQ:IRD) released its quarterly earnings data on Tuesday, November, 12th. The company reported ($0.29) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.01. The firm earned $3.87 million during the quarter, compared to the consensus estimate of $1.17 million. Opus Genetics had a negative net margin of 324.45% and a negative trailing twelve-month return on equity of 63.65%.

How do I buy shares of Opus Genetics?

Shares of IRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 11/12/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: N/A
• Current Symbol: NASDAQ:IRD
• CUSIP: N/A
• CIK: 1228627
• Web: www.ocuphire.com
• Phone: 248-957-9024
• Fax: 240-268-5310
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.00
• High Stock Price Target: $8.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +717.6%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.09)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-9,990,000.00
• Net Margins: -324.45%
• Pretax Margin: -324.47%
• Return on Equity: -63.65%
• Return on Assets: -56.94%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 6.63
• Quick Ratio: 6.63

Sales & Book Value

• Annual Sales: $8.38 million
• Price / Sales: 3.69
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.20 per share
• Price / Book: 0.44

Miscellaneous

• Outstanding Shares: 31,568,000
• Free Float: 29,485,000
• Market Cap: $30.89 million
• Optionable: N/A
• Beta: 0.19