Oculis Holding Ag (OCS)
NASDAQ:OCS
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Oculis Holding
(NASDAQ:OCS)
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Rating:43Neutral
Price Target:
$11.50
▼(-58.12% Downside)
Action:Reiterated
Date:06/05/26
The score is pressured primarily by weak financial performance (large ongoing losses and sustained free-cash-flow burn) and very bearish technicals (price far below moving averages with depressed momentum indicators). A strong, low-debt balance sheet provides some support, but valuation remains constrained by negative earnings and no dividend.
Positive Factors
Low leverage & strong balance sheet
Very low leverage and a sizable equity base provide durable financial flexibility for a clinical-stage biotech. This reduces near-term refinancing risk, supports continued R&D spend and partnerships, and gives management runway to advance trials without immediate debt pressures over the next 2–6 months.
Negative Factors
Sustained cash burn
Persistent negative operating and free cash flow at roughly -$62M TTM indicates ongoing funding consumption from R&D and operations. Without a material revenue inflection or spending reduction, this burn profile necessitates future financing, constraining strategic options and increasing dilution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage & strong balance sheet
Very low leverage and a sizable equity base provide durable financial flexibility for a clinical-stage biotech. This reduces near-term refinancing risk, supports continued R&D spend and partnerships, and gives management runway to advance trials without immediate debt pressures over the next 2–6 months.
Read all positive factors
Oculis Holding (OCS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$641.44M
Dividend YieldN/A
Average Volume (3M)984.50K
Price to Earnings (P/E)―
Beta (1Y)0.71
Revenue GrowthN/A
EPS Growth19.41%
CountryUS
Employees49
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-1.73
Shares Outstanding57,169,476
10 Day Avg. Volume809,745
30 Day Avg. Volume984,500
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)4.22
Price to Sales (P/S)0.00
P/FCF Ratio-13.27
Enterprise Value/Market Cap0.71
Enterprise Value/Revenue900.61
Enterprise Value/Gross Profit-31.17
Enterprise Value/Ebitda-4.82
Forecast
1Y Price Target
$38.30Price Target Upside39.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)-1.77
Revenue Forecast (FY)$787.01K
Oculis Holding Business Overview & Revenue Model
Company Description
Oculis Holding AG is a biopharmaceutical company in the clinical development stage, specializing in the creation of innovative eye drop medications for various ocular conditions, addressing both the anterior and posterior segments of the eye. A ke...
How the Company Makes Money
null...
Oculis Holding Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
72
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 504.00K | 0.00 | 686.00K | 0.00 | 0.00 | 0.00 |
| Gross Profit | -14.56M | 0.00 | -51.40M | 0.00 | 0.00 | 0.00 |
| EBITDA | -94.13M | -93.37M | -85.53M | -87.09M | -31.90M | -13.17M |
| Net Income | -95.06M | -94.51M | -85.78M | -88.80M | -38.70M | -18.55M |
Balance Sheet | ||||||
| Total Assets | 243.26M | 236.23M | 120.35M | 114.35M | 37.06M | 58.04M |
| Cash, Cash Equivalents and Short-Term Investments | 221.37M | 213.25M | 98.66M | 91.65M | 19.79M | 46.28M |
| Total Debt | 2.24M | 2.32M | 1.18M | 605.00K | 123.08M | 114.27M |
| Total Liabilities | 47.20M | 39.94M | 46.97M | 20.63M | 135.05M | 119.00M |
| Stockholders Equity | 196.06M | 196.29M | 73.38M | 93.73M | -97.99M | -60.95M |
Cash Flow | ||||||
| Free Cash Flow | -62.47M | -62.51M | -47.73M | -53.89M | -28.62M | -13.85M |
| Operating Cash Flow | -62.18M | -62.22M | -47.50M | -53.84M | -25.07M | -13.82M |
| Investing Cash Flow | -35.56M | -59.38M | -17.56M | -54.21M | -3.55M | -28.00K |
| Financing Cash Flow | 105.86M | 178.60M | 54.03M | 129.67M | 1.71M | 55.19M |
Oculis Holding Technical Analysis
Negative
27.46
Price Trends
23.76
Negative
25.58
Negative
22.82
Negative
Market Momentum
-4.30
Positive
23.68
Positive
48.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OCS, the sentiment is Negative. The current price of 27.46 is above the 20-day moving average (MA) of 16.78, above the 50-day MA of 23.76, and above the 200-day MA of 22.82, indicating a bearish trend. The MACD of -4.30 indicates Positive momentum. The RSI at 23.68 is Positive, neither overbought nor oversold. The STOCH value of 48.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OCS.
Oculis Holding Risk Analysis
Oculis Holding disclosed 95 risk factors in its most recent earnings report. Oculis Holding reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Oculis Holding Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $7.67B | -170.37 | -31.25% | ― | ― | 22.31% | |
55 Neutral | $7.87B | -24.97 | -43.02% | ― | -100.00% | -24.90% | |
55 Neutral | $958.28M | -4.84 | -153.61% | ― | 1.92% | -1130.30% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
47 Neutral | $1.14B | -4.30 | -110.54% | ― | -86.41% | -45.44% | |
45 Neutral | $340.12M | -2.17 | -43.82% | ― | ― | ― | |
43 Neutral | $641.44M | -5.60 | -57.09% | ― | ― | 19.41% |
* Healthcare Sector Average
OCS
Oculis Holding
11.22
-8.06
-41.80%
EYPT
EyePoint Pharmaceuticals
13.58
5.16
61.28%
SYRE
Spyre Therapeutics
88.34
73.33
488.54%
PRAX
Praxis Precision Medicines
282.31
239.97
566.77%
SPRY
ARS Pharmaceuticals
9.65
-6.15
-38.92%
UPB
Upstream Bio, Inc.
6.25
-4.63
-42.56%
Oculis Holding Corporate Events
Oculis AGM Backs All Proposals, Adds Veteran Biotech CFO to Board and Expands Capital Flexibility
May 14, 2026
On May 13, 2026, Oculis Holding AG held its 2026 Annual General Meeting in Zug, Switzerland, where shareholders approved all agenda items, including the 2025 annual and consolidated financial statements, despite a standalone statutory loss of CHF ...
Oculis Reports Strong Liquidity in Q1 2026 Unaudited Results
May 11, 2026
On May 11, 2026, Oculis Holding AG reported unaudited financial results for the three months ended March 31, 2026, filing a Form 6-K with the U.S. Securities and Exchange Commission that included interim financial statements and management’s...
Oculis Sets May 13, 2026 AGM in Zug and Schedules Shareholder Info Session
Apr 21, 2026
Oculis Holding AG announced on April 21, 2026 that it has published the invitation to its 2026 Annual General Meeting, to be held in Zug, Switzerland, on May 13, 2026, with the meeting available in person and via broadcast but without a virtual pa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.