Ocular Therapeutix (OCUL) saw a sharp negative reaction in its share price despite positive topline Phase 3 data for Axpaxli, leading to a significant discount to analyst targets. While a narrative suggests a fair value of $24.17 rooted in aggressive growth assumptions and a strong cash position, another view highlights a rich Price/Sales multiple compared to peers. Investors are urged to consider both the clinical promise and valuation risks, examining the full risk-reward picture.
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A Look At Ocular Therapeutix (OCUL) Valuation After Axpaxli Phase 3 SOL-1 Data And Share Price Drop
Ocular Therapeutix (OCUL) saw a sharp negative reaction in its share price despite positive topline Phase 3 data for Axpaxli, leading to a significant discount to analyst targets. While a narrative suggests a fair value of $24.17 rooted in aggressive growth assumptions and a strong cash position, another view highlights a rich Price/Sales multiple compared to peers. Investors are urged to consider both the clinical promise and valuation risks, examining the full risk-reward picture.