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Aug 02, 2023

Ophthalmology Sector Stocks Ascend: Average Gain of 18.46% in Last Month (stocks include $HALO,$REGN,$GKOS) sparks Investor Interest.

The ophthalmology sector, focused on developing innovative biotechnology and gene therapies for eyesight-related conditions, has been gaining traction among investors. The field incorporates diagnosing and treating various eye disorders. Renowned biotech companies such as Halozyme Therapeutics Inc., Adverum Biotechnologies Inc., and EyePoint Pharmaceuticals Inc., all form part of this burgeoning field.

Dominant entities within this group include Regeneron Pharmaceuticals (NASDAQ:REGN) and Bausch Health Companies (NYSE:BHC). With their significant contributions to the sector, these companies set the stage for impressive growth figures in the ophthalmology stocks.

Market Capitalization

The average market capitalization across the ophthalmology theme stands at $19.1B, showcasing the sizeable financial footprint of this sector. Individual market caps for the tickers in the group range from $428.6M to $81.9B, demonstrating a wide spectrum of company sizes within this sector. REGN leads the pack with a substantial valuation of $81.9B, while EYPT holds the position of the lowest valued company at $428.6M.

Price Growth Metrics

The average weekly price growth for all stocks in the group registered at 5.78%, with the monthly average price growth reaching a robust 19.15%. On a quarterly basis, the average price growth escalated to a remarkable 44.47%. EYPT took the lead with the highest price growth of 19.23%, while HALO trailed behind with the most substantial fall of 0.49%.

Volume Fluctuations

In terms of volume, the average weekly volume growth across all stocks in the group stood at -21.08%. The monthly average volume growth was -23.99%, while the average quarterly volume growth recorded a slight increase of 0.78%.

Ophthalmology Theme in Focus

The core theme revolves around companies involved in developing biotechnology or gene therapies to treat eyesight-related conditions. With an average market capitalization of $11.9B across the theme, the range in market caps varies from a humble $1.9M to a robust $81.9B.

Theme-based Price Growth

Within the ophthalmology theme, the average weekly price growth was slightly higher at 6.05% compared to the sector's average, while the monthly average price growth was 18.57%. On a quarterly basis, the average price growth skyrocketed to an impressive 52.07%. EYPT stood out with the highest price growth at 19.23%.

Volume in the Theme

The average weekly volume growth for the ophthalmology theme was -22.5%. The monthly average volume growth dipped further to -36.83%, while the average quarterly volume growth recorded a significant decrease of -51.01%.

The ophthalmology sector shows an encouraging performance with an average gain of 18.46% over the past month. With leading companies like Regeneron Pharmaceuticals and Bausch Health Companies driving growth, and others like Halozyme Therapeutics Inc., Adverum Biotechnologies Inc., and EyePoint Pharmaceuticals Inc. making notable contributions, the sector continues to pique investor interest.

1. HALO - Halozyme Therapeutics

The Momentum Indicator for HALO ascended beyond the 0 mark on June 26, 2023, hinting towards a potential upward trend in the making. This development might be an encouraging sign for investors looking to purchase shares or perhaps consider acquiring call options.

Historical data analysis from Tickeron's A.I.dvisor brings more hope, offering insights from 90 comparable occasions where the momentum indicator has switched to positive. In 66 out of these 90 instances, the stock experienced upward movement in the subsequent days. As such, the probability for a similar upward trend is approximately 73%."

2. GKOS - Glaukos Corp.

On July 20, 2023, the 10-day RSI Indicator for Glaukos Corporation (GKOS) stepped out of the overbought region. This movement could signal a potential transition from a bullish to a bearish trend. As such, traders might contemplate offloading their shares or considering put options.

In its retrospective analysis, Tickeron's A.I.dvisor discovered 41 comparable scenarios where the RSI indicator transitioned out of the overbought domain. In 33 out of these 41 instances, the stock demonstrated a downward trajectory in the subsequent days. Consequently, the likelihood of a downward shift in GKOS's trajectory stands at 80%.

3. EYPT - EyePoint Pharmaceuticals

EyePoint Pharmaceuticals, Inc. (EYPT)'s Aroon Indicator painted a bullish picture on July 31, 2023. As observed by Tickeron's A.I.dvisor, the AroonUp green line surged above 70 while the AroonDown red line dropped below 30. This specific pattern, with the up indicator above 70 and the down indicator under 30, often forecasts a prospective bullish trend in the stock.

In such a scenario, traders might consider adding the stock to their portfolios or taking a position in call options. A look back at 157 analogous situations by A.I.dvisor reveals that in 137 instances, the stock followed an upward trajectory in subsequent days. This suggests a robust 87% chance for a continued surge in EYPT's stock value.

Related Ticker: HALO, REGN, GKOS, EYPT, BHC

HALO in +0.78% Uptrend, growing for three consecutive days on July 10, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where HALO advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 05, 2024. You may want to consider a long position or call options on HALO as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 264 cases where HALO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for HALO moved out of overbought territory on July 01, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 56 cases where HALO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for HALO turned negative on June 28, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HALO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

HALO broke above its upper Bollinger Band on June 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 89%.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HALO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (38.023) is normal, around the industry mean (12.561). P/E Ratio (22.066) is within average values for comparable stocks, (157.093). HALO's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.479). Dividend Yield (0.000) settles around the average of (0.064) among similar stocks. P/S Ratio (8.130) is also within normal values, averaging (213.667).

Notable companies

The most notable companies in this group are Regeneron Pharmaceuticals (NASDAQ:REGN), Moderna (NASDAQ:MRNA), Sarepta Therapeutics (NASDAQ:SRPT), Incyte Corp (NASDAQ:INCY), Exelixis (NASDAQ:EXEL), Arrowhead Pharmaceuticals (NASDAQ:ARWR), Novavax (NASDAQ:NVAX), BioCryst Pharmaceuticals (NASDAQ:BCRX), Adaptive Biotechnologies Corp (NASDAQ:ADPT), Inovio Pharmaceuticals (NASDAQ:INO).

Industry description

Biotechnology involves genetic or protein engineering to produce medicines/therapies for treating and preventing ailments. The industry also provides crucial ingredients for diagnostics. This multi-billion-dollar industry is heavily focused on research and development, as companies attempt to continually come up with cutting-edge solutions for health. New discoveries for the treatment of diseases provide opportunities for growth for a company in this industry. Discoveries, however, must pass the regulatory approval from the U.S. Food and Drug Administration (FDA) before they can make it to markets. Amgen Inc., Gilead Sciences, Inc. and Celgene Corporation are examples of companies in this industry.

Market Cap

The average market capitalization across the Biotechnology Industry is 3B. The market cap for tickers in the group ranges from 151 to 625.55B. NONOF holds the highest valuation in this group at 625.55B. The lowest valued company is MYMX at 151.

High and low price notable news

The average weekly price growth across all stocks in the Biotechnology Industry was 9%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 61%. KZIA experienced the highest price growth at 347%, while HLVX experienced the biggest fall at -88%.

Volume

The average weekly volume growth across all stocks in the Biotechnology Industry was 49%. For the same stocks of the Industry, the average monthly volume growth was 84% and the average quarterly volume growth was 49%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 86
Price Growth Rating: 57
SMR Rating: 94
Profit Risk Rating: 93
Seasonality Score: -9 (-100 ... +100)
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General Information

a developer of recombinant human enzymes for the infertility, ophthalmology and oncology markets

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Biotechnology
Address
12390 El Camino Real
Phone
+1 858 794-8889
Employees
373
Web
https://www.halozyme.com
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