Opthea Stock Price on December 4, 2024
| OPT Stock | USD 3.61 0.04 1.10% |
Below is the normalized historical share price chart for Opthea extending back to April 12, 2012. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Opthea stands at 3.61, as last reported on the 11th of December 2024, with the highest price reaching 3.61 and the lowest price hitting 3.61 during the day.
If you're considering investing in Opthea Stock, it is important to understand the factors that can impact its price. Opthea appears to be moderately volatile, given 3 months investment horizon. Opthea maintains Sharpe Ratio (i.e., Efficiency) of 0.0696, which implies the firm had a 0.0696% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Opthea, which you can use to evaluate the volatility of the company. Please evaluate Opthea's Coefficient Of Variation of 1432.4, semi deviation of 3.83, and Risk Adjusted Performance of 0.0588 to confirm if our risk estimates are consistent with your expectations.
At this time, Opthea's Common Stock Total Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 198.2 M in 2024, whereas Other Stockholder Equity is likely to drop 1.09 in 2024. . At this time, Opthea's Price To Sales Ratio is comparatively stable compared to the past year. Price Sales Ratio is likely to gain to 2,079 in 2024, whereas Price Earnings Ratio is likely to drop (0.70) in 2024. Opthea Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 12th of April 2012 | 200 Day MA 3.2689 | 50 Day MA 4.1374 | Beta 1.54 |
Opthea |
Sharpe Ratio = 0.0696
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | OPT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.41 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.07 actual daily | 5 95% of assets perform better |
Based on monthly moving average Opthea is performing at about 5% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Opthea by adding it to a well-diversified portfolio.
Price Book 4.3101 | Enterprise Value Ebitda (0.73) | Price Sales 2.1 K | Shares Float 773.2 M | Wall Street Target Price 12.1667 |
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Opthea Valuation on December 4, 2024
It is possible to determine the worth of Opthea on a given historical date. On December 4, 2024 Opthea was worth 3.73 at the beginning of the trading date compared to the closed value of 3.61. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Opthea stock. Still, in general, we apply an absolute valuation method to find Opthea's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Opthea where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Opthea's related companies.
| Open | High | Low | Close | Volume | |
| 3.73 | 3.86 | 3.66 | 3.77 | 10,910 | |
12/04/2024 | 3.73 | 3.73 | 3.57 | 3.61 | 13,976 |
| 3.68 | 3.72 | 3.59 | 3.65 | 2,164 |
| Backtest Opthea | | | Opthea History | | | Opthea Valuation | Previous | Next |
Opthea Trading Date Momentum on December 4, 2024
| On December 05 2024 Opthea was traded for 3.65 at the closing time. Highest Opthea's price during the trading hours was 3.72 and the lowest price during the day was 3.59 . The net volume was 2.2 K. The overall trading history on the 5th of December contributed to the next trading period price appreciation. The trading delta at closing time to the next next day price was 1.11% . The trading delta at closing time to current price is 1.11% . |
Opthea Fundamentals Correlations and Trends
By evaluating Opthea's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Opthea's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Opthea financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Opthea Stock history
Opthea investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Opthea is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Opthea will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Opthea stock prices may prove useful in developing a viable investing in Opthea
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 79.8 M | 46.6 M | |
| Net Loss | -128.3 M | -121.9 M |
Opthea Quarterly Net Working Capital |
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Opthea Stock Technical Analysis
Opthea technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Opthea Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Opthea cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Opthea December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Opthea stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Opthea shares will generate the highest return on investment. By undertsting and applying Opthea stock market strength indicators, traders can identify Opthea entry and exit signals to maximize returns
Opthea Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Opthea's price direction in advance. Along with the technical and fundamental analysis of Opthea Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Opthea to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0588 | |||
| Jensen Alpha | 0.2069 | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | 0.0429 | |||
| Treynor Ratio | 0.3859 |
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Additional Tools for Opthea Stock Analysis
When running Opthea's price analysis, check to measure Opthea's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Opthea is operating at the current time. Most of Opthea's value examination focuses on studying past and present price action to predict the probability of Opthea's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opthea's price. Additionally, you may evaluate how the addition of Opthea to your portfolios can decrease your overall portfolio volatility.