The OTIC stock forecast information provided here is based on our experts, technical analysis of the company and Otonomy Inc stock price chart.
With NASDAQ: OTIC stock price prediction, you can easily analyze and invest in OTIC nasdaq stock,
About Otonomy Inc.
It is a biopharmaceutical company engaged in the development of innovative therapeutics for diseases and disorders of the ear.
This autonomous company pioneered the application of drug delivery technology in the ear to develop products for continuous drug intake from the local administration.
Financial overview of Otic ( as per December 2022)
Market Cap (intraday) – 8.22M
Enterprise Value – -1.36M
Gross Profit – -244k
Total Cash – 40.15M
Current Ratio – 1.74
Operating Cash Flow – -46.77M
Total Debt/Equity – 141.98
% of Shares Held by All Insider – 2.04%
% of Float Held by Institutions – 37.01%
% of Shares Held by Institutions – 36.26%
Number of Institutions Holding Shares – 49
Otic stock forecast 2022
As per our experts, you should take Otic stock in December 2022 which will give you good returns in the future. If you take its stock for a short time then you may have to take financial risk, the forecast price will be $0.10 to $0.32 by the end of December 2022.
Otic stock forecast 2023
If we look at the Otonomy Inc financial overview, the NASDAQ: OTIC share price forecast to be around $0.80 to $4.82 in 2023,
Otic stock forecast 2024
If we talk about 2024, then the first Otic stock forecast price can be around $4.87 and the second target can be around $7.52,
Otic stock forecast 2025
If you analyze the historical charts of the last 5 years, you will see that the Otic stock price has not declined much, based on which the Otic stock price prediction will be estimated to be around $8.20 to $12.65,
Should you buy Otic stock in December 2022?
According to Otic historical charts, analyst ratings, financial overview, Otic stock twits, and Otic stock projections, its stock price may see a decline in December 2022, so you can decide to buy or not.
Is there risk in buying Otic stock?
Here we have given Otic stock predictions, in which Otic price prediction data is given, you can analyze and invest as per company financial positions,
Final word
You should invest in Otic stock as per your discretion and financial advisor, for more details read our website disclaimer,
The Otic stock forecast article is written according to Otic stock news, historical charts, analyst ratings, financial information and technical analysis etc.
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