Otonomy Inc. (NASDAQ:OTIC) traded at a new 52-week low today of $1.80. So far today approximately 335,000 shares have been exchanged, as compared to an average 30-day volume of 342,000 shares.
Over the past year, Otonomy Inc. has traded in a range of $1.80 to $6.98 and is now at $1.83.
Otonomy Inc is a biopharmaceutical company, focuses on the development and commercialization of therapeutics for diseases and disorders of the ear. It offers OTIPRIO, a ciprofloxacin otic suspension for use during tympanostomy tube placement surgery in pediatric patients. The company also develops OTO-104, a sustained-exposure formulation of the steroid dexamethasone for the treatment of Meniere’s disease and other inner ear conditions; and OTO-311, a sustained-exposure formulation for the treatment of tinnitus. All the business activity primarily operates through the region of the United States.
There is potential upside of 19.4% for shares of Otonomy Inc. based on a current price of $1.83 and an average consensus analyst price target of $2.18.
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