Optheas Wet AMD Program to be Featured at FLORetina 2024
OPT Stock | USD 3.69 0.36 10.81% |
Slightly above 63% of all Opthea's private investors are looking to take a long position. The analysis of the overall investor sentiment regarding Opthea suggests that some traders are interested. Opthea's investing sentiment can be driven by a variety of factors including economic data, Opthea's earnings reports, geopolitical events, and overall market trends.
Opthea |
MELBOURNE, Australia, and Princeton, N.J., Nov. 26, 2024 -- Opthea Limited , a clinical-stage biopharmaceutical company developing novel therapies to treat highly prevalent and progressive retinal diseases, including wet age-related macular degeneration , today announced that sozinibercept will be featured as part of an oral presentation at the annual FLORetina Congress being held on December 5-8, 2024 in Florence, Italy. FLOReti
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Opthea Investor Sentiment by Other News Outlets
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Opthea Fundamental Analysis
We analyze Opthea's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Opthea using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Opthea based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Sales
Price To Sales Comparative Analysis
Opthea is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Opthea Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Opthea stock to make a market-neutral strategy. Peer analysis of Opthea could also be used in its relative valuation, which is a method of valuing Opthea by comparing valuation metrics with similar companies.
Peers
Opthea Related Equities
ANTX | AN2 Therapeutics | 21.90 | ||||
CSBR | Champions Oncology | 4.87 | ||||
MNOV | MediciNova | 2.99 | ||||
ADAG | Adagene | 1.30 | ||||
RZLT | Rezolute | 1.00 | ||||
ACRV | Acrivon Therapeutics, | 0.80 | ||||
ANEB | Anebulo Pharmaceuticals | 0.70 | ||||
MOLN | Molecular Partners | 0.17 | ||||
AVTE | Aerovate Therapeutics | 0.38 | ||||
INBX | Inhibrx | 2.37 | ||||
MLYS | Mineralys Therapeutics, | 2.59 | ||||
ELYM | Eliem Therapeutics | 5.88 |
Additional Tools for Opthea Stock Analysis
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