In last trading session, IVERIC bio Inc. (NASDAQ:ISEE) saw 2.25 million shares changing hands with its beta currently measuring 1.50. Company’s recent per share price level of $15.52 trading at -$0.06 or -0.39% at ring of the bell on the day assigns it a market valuation of $1.60B. That closing price of ISEE’s stock is at a discount of -16.04% from its 52-week high price of $18.01 and is indicating a premium of 68.04% from its 52-week low price of $4.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.68 million shares which gives us an average trading volume of 5.62 million if we extend that period to 3-months.
For IVERIC bio Inc. (ISEE), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.70. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.27 in the current quarter.
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Upright in the red during last session for losing -0.39%, in the last five days ISEE remained trading in the red while hitting it’s week-highest on Monday, 09/27/21 when the stock touched $15.52 price level, adding 13.83% to its value on the day. IVERIC bio Inc.’s shares saw a change of 124.60% in year-to-date performance and have moved -3.00% in past 5-day. IVERIC bio Inc. (NASDAQ:ISEE) showed a performance of 47.39% in past 30-days. Number of shares sold short was 5.23 million shares which calculate 13.76 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $21.20 to the stock, which implies a rise of 26.79% to its current value. Analysts have been projecting $18.00 as a low price target for the stock while placing it at a high target of $25.00. It follows that stock’s current price would drop -61.08% in reaching the projected high whereas dropping to the targeted low would mean a loss of -15.98% for stock’s current value.
IVERIC bio Inc. (ISEE) estimates and forecasts
Statistics highlight that IVERIC bio Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 151.13% of value to its shares in past 6 months, showing an annual growth rate of -3.51% while that of industry is 6.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2021.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.90% during past 5 years.
IVERIC bio Inc. is more likely to be releasing its next quarterly report on May 05 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
IVERIC bio Inc. (NASDAQ:ISEE)’s Major holders
Insiders are in possession of 0.84% of company’s total shares while institution are holding 93.51 percent of that, with stock having share float percentage of 94.30%. Investors also watch the number of corporate investors in a company very closely, which is 93.51% institutions for IVERIC bio Inc. that are currently holding shares of the company. Avoro Capital Advisors LLC is the top institutional holder at ISEE for having 7.25 million shares of worth $44.8 million. And as of Mar 30, 2021, it was holding 8.04% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 7.06 million shares on Mar 30, 2021. The number of shares represents firm’s hold over 7.83% of outstanding shares, having a total worth of $43.63 million.
On the other hand, Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2020, the former fund manager was holding 2.52 million shares of worth $17.39 million or 2.79% of the total outstanding shares. The later fund manager was in possession of 2.33 million shares on Mar 30, 2021, making its stake of worth around $14.37 million in the company or a holder of 2.58% of company’s stock.