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Oculis Holding
(NASDAQ:OCS)
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Rating:45Neutral
Price Target:
$8.00
▼(-38.27% Downside)
Action:Reiterated
Date:09/25/26
The score is held down primarily by weak financial performance (minimal and shrinking revenue, large losses, and heavy negative free cash flow) and bearish technicals (price below all key moving averages with negative MACD). A strong balance sheet with very low leverage provides some support, while valuation is only modestly supportive given negative earnings and no dividend data.
Positive Factors
Very low leverage
Minimal leverage gives Oculis greater financial flexibility while it funds clinical development. The substantial equity and asset base can help support operations and reduce immediate balance-sheet pressure, although continued losses could erode this cushion over time.
Negative Factors
Shrinking revenue and deep losses
Oculis remains far from a self-sustaining commercial model, with very limited and declining revenue alongside a large net loss. This indicates that clinical progress has not yet translated into meaningful operating income and leaves future performance dependent on pipeline execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal leverage gives Oculis greater financial flexibility while it funds clinical development. The substantial equity and asset base can help support operations and reduce immediate balance-sheet pressure, although continued losses could erode this cushion over time.
Read all positive factors
Oculis Holding (OCS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$514.85M
Dividend YieldN/A
Average Volume (3M)243.05K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue GrowthN/A
EPS Growth34.21%
CountryUS
Employees60
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)-1.40
Shares Outstanding61,732,063
10 Day Avg. Volume363,818
30 Day Avg. Volume243,049
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 Cap1.11
Enterprise Value/Revenue2.35K
Enterprise Value/Gross Profit6.66K
Enterprise Value/Ebitda-7.27
Forecast
1Y Price Target
$36.43Price Target Upside181.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)-1.55
Revenue Forecast (FY)$862.15K
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
Oculis is a clinical-stage company, so its primary economic model is not based on recurring product sales. Instead, it typically funds operations through (1) external financing (e.g., issuing equity and other capital markets transactions), and (2)...
Oculis Holding Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
76
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 243.00K | 0.00 | 686.00K | 0.00 | 0.00 | 0.00 |
| Gross Profit | 85.57K | 0.00 | -51.40M | 0.00 | 0.00 | 0.00 |
| EBITDA | -78.34M | -93.34M | -85.53M | -87.09M | -31.90M | -13.17M |
| Net Income | -79.66M | -94.51M | -85.78M | -88.80M | -38.70M | -18.55M |
Balance Sheet | ||||||
| Total Assets | 250.34M | 236.23M | 120.35M | 114.35M | 37.06M | 58.04M |
| Cash, Cash Equivalents and Short-Term Investments | 8.00K | 213.25M | 98.66M | 91.65M | 19.79M | 46.28M |
| Total Debt | 2.54M | 2.32M | 1.18M | 605.00K | 123.08M | 114.27M |
| Total Liabilities | 31.00M | 39.94M | 46.97M | 20.63M | 135.05M | 119.00M |
| Stockholders Equity | 219.34M | 196.29M | 73.38M | 93.73M | -97.99M | -60.95M |
Cash Flow | ||||||
| Free Cash Flow | -66.05M | -62.51M | -47.73M | -53.89M | -28.62M | -13.85M |
| Operating Cash Flow | -65.87M | -62.22M | -47.50M | -53.84M | -25.07M | -13.82M |
| Investing Cash Flow | -69.94M | -59.38M | -17.56M | -54.21M | -3.55M | -28.00K |
| Financing Cash Flow | 131.68M | 178.60M | 54.03M | 129.67M | 1.71M | 55.19M |
Oculis Holding Technical Analysis
Negative
12.96
Price Trends
11.21
Negative
13.00
Negative
19.83
Negative
Market Momentum
-0.82
Positive
26.74
Positive
16.03
Positive
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 12.96 is above the 20-day moving average (MA) of 9.40, above the 50-day MA of 11.21, and below the 200-day MA of 19.83, indicating a bearish trend. The MACD of -0.82 indicates Positive momentum. The RSI at 26.74 is Positive, neither overbought nor oversold. The STOCH value of 16.03 is Positive, 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 |
|---|---|---|---|---|---|---|---|
52 Neutral | $386.86M | -3.68 | 1147.63% | ― | -36.09% | 24.84% | |
52 Neutral | $225.08M | -3.68 | -68.44% | ― | 19.49% | -4.53% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
48 Neutral | $324.02M | -3.78 | 1688.22% | ― | -3.66% | -28.98% | |
45 Neutral | $514.85M | -4.98 | -42.92% | ― | ― | 34.21% | |
44 Neutral | $293.12M | -0.91 | -135.81% | ― | -94.63% | -39.78% |
* Healthcare Sector Average
OCS
Oculis Holding
8.34
-12.66
-60.29%
EYPT
EyePoint Pharmaceuticals
3.40
-9.94
-74.51%
IRD
Opus Genetics
4.65
2.65
132.50%
PRQR
ProQR
1.63
-0.66
-28.82%
OCGN
Ocugen
0.96
-0.65
-40.31%
SGP
SpyGlass Pharma
24.92
-1.48
-5.61%
Oculis Holding Corporate Events
Oculis Holding Announces Board Resignation of Long-Serving Director Lionel Carnot
Sep 30, 2026
On September 30, 2026, Oculis Holding AG announced that director Lionel Carnot resigned from its Board of Directors, effective the same day, after serving since 2017 through the company’s transition from a private startup to a publicly liste...
Oculis to Acquire Full Rights to Privosegtor in Asset Deal with Accure Therapeutics
Aug 10, 2026
On August 10, 2026, Oculis Holding AG announced it had signed an asset purchase agreement with Spain-based Accure Therapeutics to acquire all worldwide development and commercial rights to Privosegtor (ACT-01) and a separate early-stage neurology ...
Oculis Holding Reports Strong Equity Base and Updates SEC Risk Factors in Q2 2026 Filing
Aug 6, 2026
On August 6, 2026, Oculis Holding AG reported unaudited financial results for the three- and six-month periods ended June 30, 2026, showing total assets of CHF 250.3 million and shareholders’ equity of CHF 219.3 million, up from year-end 202...
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.