Autonomy Inc. [OTIC] Stock Trading Around $0.10 Per Share: What’s Next?


Autonomy Inc. [NASDAQ: OTIC] The stock went in an uptrend that gained more than 13.98% on Tuesday, which is a one-week price decrease of -26.00%. The company reported on November 10, 2022 that Autonomy reported third quarter 2022 financial results and provided a corporate update.


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Over the past 12 months, OTIC stock declined -95.59%. The one-year Autonomy Inc stock forecast points to a potential upside of 98.89. The Average Equity Rating for OTIC stock is currently 2.70, which is trading closer to the bullish pattern in the stock market.

The market cap for the stock reached $6.04 million, with 68.13 million shares outstanding and 55.99 million shares in the current float. Compared to the average trading volume of 2.49M shares, OTIC stock reached a trading volume of 9549760 in the most recent trading day, which is why market watchdogs consider the stock as active.

Guru’s take on Autonomy Inc. [OTIC],

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on the target price for OTIC shares is $9.00 per share. The target price and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on OTIC stock is a recommendation at 2.70. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.

Oppenheimer has maintained its view on the stock as Outperform, in line with its previous recommendation on June 01, 2020, Otonomy Inc. An estimate is made for the shares. While these analysts retained the previous recommendation, Oppenheimer raised his target price to Outperform. The new note on price target was issued on December 24, 2019, which represents the official price target for Autonomy Inc stock.

Autonomy Inc. The Average True Range (ATR) is set at 0.02. The Price to Book ratio for the previous quarter was 0.31.

OTIC Stock Performance Analysis:

Autonomy Inc. [OTIC] Dropped into the red zone at the end of last week, fell into a negative trend and dropped to -26.00. With this latest performance, OTIC shares are down -7.94% over the past four-week period, as well as down -94.50% over the past 6 months — referencing a -95.59% decline over the past year of trading. Not there.

Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OTIC stock for the past two-week period is set at 38.66, with the RSI for the last single at 44.15, and the three-week RSI for Autonomy Inc. is set at 34.17. [OTIC], The current moving average for the last 50 days of trading for this stock is 0.1799, while it was recorded at 0.1010 for the last one week of trade and 1.3637 for the last 200 days.

Autonomy Inc. Insight into the fundamentals:

Operating margin for any stock indicates how profitable an investment will be, and Autonomy Inc. [OTIC] The shares currently has an Operating Margin of -55620.00 and Gross Margin of -880.80. Autonomy Inc. The Net Margin is currently recorded at -40944.80.

The Return on Equity for this stock decreased to -84.48 while the Return on Assets stood at -50.70.

Autonomy Inc. Equally intriguing is its liquidity data, with its current ratio set at 1.70.

OTIC Stock EPS

The company’s progress can be viewed through the prism of EPS growth rates, while Wall Street analysts are focusing on predicting 5-year EPS growth rates for OTIC. When it comes to quoted price, analysts are expecting 5-Year EPS growth rate for Autonomy Inc to go up to 20.40%.

Autonomy Inc. [OTIC] internal status statement

Institutional investors currently hold approximately $3 million or 51.00% of OTIC stock in hand. The top three institutional holders of OTIC stock are: BAKER BROS. ADVISORS LP with ownership of 8,443,134, which represents approximately 0.363% of the company’s market cap and approximately 2.04% of total institutional ownership; POINT72 Asset Management, LP holds 5,495,000 shares of OTIC stock shares with an approximate value of $0.53 million in shares; and SUVRETTA CAPITAL MANAGEMENT, LLC, with $0.3M in OTIC stock currently owning approximately 0% of the company’s market capitalization.

Otonomy Inc. is held by institutional investors. shares position increased at the end of November and during the November reporting period, where 17 institutional holders increased their positions in Otonomy Inc. [NASDAQ:OTIC] By approximately 9,169,759 shares. Additionally, 25 investors reduced positions by approximately 17,775,006 shares, while 14 investors reduced positions by 1,612,459 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 28,557,224 shares. There were 6 new institutional investments in OTIC stock for a total of 6,538,256 shares, while 17 institutional investors sold 17,213,670 shares during the same period.

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