A Look At Oclaro, Inc. (OCLR) Insider Buying

With 10 sell/buy ratio, Oclaro, Inc. (NASDAQ:OCLR) experienced more insider selling than insider buying over the last three months. Could this be a sign for outside investors to start selling as well? OCLR recorded 10 sales on the open market in the last three months. They sold nearly 51,995 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 547,787 shares when buyers snapped up 665,000 shares. The 12-month’s totals signify about a 0.82-to-1 sell/buy ratio.

Paul Lisa parted with a total of 5 thousand shares of Oclaro, Inc. (OCLR) at average share price of $9.08. This insider trade in the company took place on 06/14/2018. The total for the sales was set at $45.4 thousand. After this transaction, the EVP of Human Resources account balance stood at 204.4 thousand shares. The stock lost -7.05 percent since that insider sale. On 05/14/2018, Dougherty Greg, CEO, sold 40 thousand shares at a price per share of $9.26. This removed 370.4 thousand shares from the insider’s fortune and the stock saw a -8.86 percent retreat in value since the news became public. This transaction left 1.25 million shares in the CEO account.

On 03/15/2018, EVP of Human Resources Paul Lisa performed a sale transaction worth $50.5 thousand. This sale at $10.1 each has eliminated 5 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -16.44 percent decrease since the transaction was reported. The insider now is left with 216.89 thousand shares remaining in the account. Dougherty Greg, who performs the CEO job, sold 80 thousand shares for $783.2 thousand. The disposal occurred on 03/12/2018 was priced at $9.79 per share. The share price plunged -13.79 percent since the reporting date. Dougherty Greg now left with a stake of 1.31 million OCLR stock worth $11.07 million after the insider selling.

The 12-month median price target for Oclaro, Inc. (OCLR) assigned by the analysts stands at $9.25, which represents a return potential of 9.6 percent when compared to the closing price of the stock of $8.44 on Thursday, December 06. The lowest price target for the stock is $8.4 — slightly more than -0.47 percent from OCLR’s current share price. The stock will probably climb 5.69 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $10-month high price target. This represents a whopping 18.48 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 58.6 on daily chart, which may remain a cause for concern. If the price breaks below $8.2 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $8.51 mark may result into a pull-back move towards $8.58 level. The stock is currently hovering around the first support level of $8.32. Below this, the next support is placed in the zone of $8.2. Till the time, the OCLR stock trades above this level, bulls have nothing to fear.

Shares of Oclaro, Inc. (OCLR) are trading at a P/E ratio of 11.57 times earnings reported for the past 12 months. The industry OCLR operates in has an average P/E of 17.33. Its P/E ratio went as low as 12.06X and as high as 63.21 over the 5-year span. Further, it is sporting a 2.77 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.6. 35.8 percent is the gross profit margin for Oclaro, Inc. and operating margin sits at 9.1 percent. Along with this, the net profit margin is 8.9 percent.

On 6th of December, Oclaro, Inc. (NASDAQ:OCLR) shares ended higher after a volatile session. The shares accumulated 0.15 points or 1.81 percent at $8.44 with a heavy trade volume of 5.033 million shares. After opening the session at $8.3, the shares went as high as $8.46 and as low as $8.27, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.44 billion and now has 170.12 million shares outstanding. Oclaro, Inc. (OCLR) stock has gained 2.3 percent of market value in 21 trading days.

OCLR stock has a trailing 3-year beta of 0.55, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.47 a share in the trailing twelve months. The stock’s value has surged 25.22 percent year to date (YTD) against a rise of 18.87 percent in 12 month’s time. The company’s shares still trade -17.25 percent away from its 1-year high of $10.20 and 50.45 percent up from 52-week low of $5.61. The average consensus rating on the company is 2.7, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.