Somewhat Favorable News Coverage Somewhat Unlikely to Impact Otonomy (OTIC) Share Price

Media coverage about Otonomy (NASDAQ:OTIC) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Otonomy earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the biopharmaceutical company an impact score of 45.0840287412142 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have effected Accern’s scoring:

A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Otonomy from a “buy” rating to a “hold” rating in a research note on Thursday. Piper Jaffray Companies restated a “hold” rating and issued a $8.00 target price on shares of Otonomy in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.15.

Shares of Otonomy (NASDAQ:OTIC) traded down $0.05 during midday trading on Monday, hitting $5.70. The stock had a trading volume of 407,200 shares, compared to its average volume of 371,775. Otonomy has a 12-month low of $2.80 and a 12-month high of $21.15. The stock has a market cap of $172.92, a P/E ratio of -1.76 and a beta of 3.33.

Otonomy (NASDAQ:OTIC) last announced its earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.69) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.15. Otonomy had a negative return on equity of 60.74% and a negative net margin of 7,899.03%. The firm had revenue of $0.28 million for the quarter, compared to the consensus estimate of $0.43 million. The business’s revenue was down 12.8% compared to the same quarter last year. research analysts anticipate that Otonomy will post -2.88 earnings per share for the current year.

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Otonomy Company Profile

Otonomy, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of therapeutics for diseases and disorders of the ear. The Company’s product candidates include OTIPRIO, OTO-104 and OTO-311. OTIPRIO is a single-dose, physician-administered antibacterial, which is used for the treatment of pediatric patients with bilateral otitis media with effusion undergoing tympanostomy tube placement (TTP) surgery and is available for commercial purchase.

Insider Buying and Selling by Quarter for Otonomy (NASDAQ:OTIC)

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