Second Sight Medical Products Inc. [NASDAQ: EYES] loss -2.84% or -0.05 points to close at $1.71 with a heavy trading volume of 964477 shares. The company report on September 22, 2020 that Second Sight Medical Products Inc. Announces Resumption of Its Early Feasibility Study of the Orion® Cortical Visual Prosthesis at UCLA.
Second Sight Medical Products Inc. (NASDAQ: EYES), a developer, manufacturer and marketer of implantable visual prosthetics that are intended to create an artificial form of useful vision for blind individuals, announced the resumption of its Early Feasibility Study of the Orion® Visual Cortical Prosthesis System (“Orion”) at UCLA Medical Center (“UCLA”). The study, which includes four participants at UCLA and two participants at Baylor College of Medicine (“Baylor”), was paused for in-person visits following the guidelines for clinical trials at each institution in March 2020 due to COVID-19. Study visits have now been resumed; several UCLA participants are being examined this week, and Baylor is anticipated to resume its study soon.
The first human subject was implanted with Orion in January 2018. A total of six subjects have been implanted in the Orion Early Feasibility Study.
It opened the trading session at $1.75, the shares rose to $1.77 and dropped to $1.66, the range by which the price of stock traded the whole day. The daily chart for EYES points out that the company has recorded 77.20% gains over the past six months. However, it is still -147.83% lower than its most recent low trading price.
If we look at the average trading volume of 2.34M shares, EYES reached to a volume of 964477 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Second Sight Medical Products Inc. [EYES]:
Dougherty & Company have made an estimate for Second Sight Medical Products Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 13, 2019. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on July 06, 2015, representing the official price target for Second Sight Medical Products Inc. stock.
The Average True Range (ATR) for Second Sight Medical Products Inc. is set at 0.33, with the Price to Sales ratio for EYES stock in the period of the last 12 months amounting to 81.81. The Price to Book ratio for the last quarter was 85.50, with the Price to Cash per share for the same quarter was set at 0.10.
Trading performance analysis for EYES stock
Second Sight Medical Products Inc. [EYES] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, EYES shares gained by 17.12% in over the last four-week period, additionally plugging by 77.20% over the last 6 months – not to mention a drop of -66.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EYES stock in for the last two-week period is set at 48.37, with the RSI for the last a single of trading hit 44.85, and the three-weeks RSI is set at 50.64 for Second Sight Medical Products Inc. [EYES]. The present Moving Average for the last 50 days of trading for this stock 1.4678, while it was recorded at 1.7160 for the last single week of trading, and 1.1162 for the last 200 days.
Second Sight Medical Products Inc. [EYES]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Second Sight Medical Products Inc. [EYES] shares currently have an operating margin of -905.50 and a Gross Margin at +36.31. Second Sight Medical Products Inc.’s Net Margin is presently recorded at -994.14.
Return on Total Capital for EYES is now -472.14, given the latest momentum, and Return on Invested Capital for the company is -528.01. Return on Equity for this stock declined to -648.56, with Return on Assets sitting at -246.27. When it comes to the capital structure of this company, Second Sight Medical Products Inc. [EYES] has a Total Debt to Total Equity ratio set at 35.77. Additionally, EYES Total Debt to Total Capital is recorded at 26.34, with Total Debt to Total Assets ending up at 15.68. Long-Term Debt to Equity for the company is recorded at 32.51, with the Long-Term Debt to Total Capital now at 23.94.
Reflecting on the efficiency of the workforce at the company, Second Sight Medical Products Inc. [EYES] managed to generate an average of -$299,929 per employee. Receivables Turnover for the company is 7.05 with a Total Asset Turnover recorded at a value of 0.25.Second Sight Medical Products Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Second Sight Medical Products Inc. [EYES]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Second Sight Medical Products Inc. posted -0.48/share EPS, while the average EPS was predicted by analysts to be reported at -0.48/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EYES.
An analysis of insider ownership at Second Sight Medical Products Inc. [EYES]
There are presently around $2 million, or 23.00% of EYES stock, in the hands of institutional investors. The top three institutional holders of EYES stocks are: VERSANT VENTURE MANAGEMENT, LLC with ownership of 561,612, which is approximately 0% of the company’s market cap and around 43.09% of the total institutional ownership; VANGUARD GROUP INC, holding 130,668 shares of the stock with an approximate value of $0.22 million in EYES stocks shares; and UBS GROUP AG, currently with $0.15 million in EYES stock with ownership of nearly 3462.237% of the company’s market capitalization.
Positions in Second Sight Medical Products Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 8 institutional holders increased their position in Second Sight Medical Products Inc. [NASDAQ:EYES] by around 171,173 shares. Additionally, 11 investors decreased positions by around 70,001 shares, while 7 investors held positions by with 699,102 shares. The mentioned changes placed institutional holdings at 940,276 shares, according to the latest SEC report filing. EYES stock had 5 new institutional investments in for a total of 44,209 shares, while 7 institutional investors sold positions of 66,470 shares during the same period.