Opus Genetics, Inc. (IRD) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Opus Genetics, Inc. stock $2.41, price $4.23, that is 43.0% below the price, quality 49 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.
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Opus Genetics, Inc.
IRD · USOur calculation puts a fair price 43% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range $0.7100 – $6.38 · fair‑value band $1.81 – $3.01 · the $4.23 price screens above the $2.41 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Company profile
Opus Genetics, Inc., a clinical-stage biopharmaceutical company, develops gene therapies to restore vision and prevent blindness in patients with inherited retinal diseases (IRDs) and other types of therapies for additional ophthalmic disorders.
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It develops OPGx-LCA5, an early-onset retinal degeneration that is in Phase 1/2 clinical trial for the treatment of LCA5-associated IRD; and OPGx-BEST1 to treat BEST1-associated retinal disease.
The company also develops various pre-clinical IRD programs, including OPGx-RHO, a gene therapy that targets autosomal dominant retinitis pigmentosa caused by RHO mutations; OPGx-RDH12 that is designed to restore protein expression and halt functional deterioration in patients with retinal dystrophy caused by mutations in the retinal dehydrogenase gene; OPGx-MERTK, an AAV vector for the treatment of MERTK IRD; OPGx-NMNAT1, a gene augmentation therapy designed to halt functional deterioration in pediatric patients with retinal degenerative disease caused by mutations in the nicotinamide mononucleotide adenylyltransferase 1 gene; and OPGx-CNGB1, an AAV gene therapy for retinitis pigmentosa due to mutations in the CNGB1 gene.
In addition, it develops Phentolamine Ophthalmic Solution for reversal of mydriasis, as well as for the treatment of presbyopia and dim light or night vision disturbances and APX3330, a small-molecule inhibitor of Ref-1 for the treatment of diabetic retinopathy.
Opus Genetics, Inc. was formerly known as Ocuphire Pharma, Inc. and changed its name to Opus Genetics, Inc. in November 2020. The company was founded in 2018 and is headquartered in Durham, North Carolina.
Stock analysis
Opus Genetics, Inc. (IRD) currently trades at $4.23, while our estimate is $2.41, 43% below the price, so the stock looks overvalued today.
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Valuation
None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Scenario range: $1.81 (bear) to $3.01 (bull), the price of $4.23 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Healthcare sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Opus Genetics, Inc. reported revenue of $14.2M in FY2025 versus $589K in FY2021, a compound +121.6%/yr. Reported net income was −$49.6M in FY2025.
Key figures
Market cap $471M Small · P/S ratio 35.3 · EPS (TTM) $−1.27 · Return on equity −4,797% · Return on assets (EBIT) −62.9% (5-year average) · Operating margin −2,183% · Revenue (TTM) $9.9M · Revenue growth (YoY) −73.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).
What moves the price
The share trades about 30% below its 52-week high and 143% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −7% fair-value upside, at −43%, IRD screens richer than that median.
Fair Value
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 5 officers or directors sold shares worth $10.7M and none bought.
- SaleGeorge MagrathChief Executive Officer, Director5× since Mar 16, 2026: 81,273 shares, avg. $4.30$349,488Nov 3, 2026
- SaleRobert E. GagnonChief Financial Officer4× since Apr 23, 2026: 57,625 shares, avg. $4.17$240,351Oct 23, 2026
- SaleBenjamin R YerxaPresident, Director3× since Apr 23, 2026: 48,088 shares, avg. $3.71$178,572Oct 23, 2026
- SaleJoseph K SchachleChief Operating Officer4× since Mar 16, 2026: 17,827 shares, avg. $4.19$74,691Oct 23, 2026
- SaleFoundation Fighting Blindness Retinal Degeneration FundDirector3× since Dec 9, 2025: 6,256,000 shares, avg. $3.00$18.8MSep 30, 2026
- SaleAshwath JayagopalChief Scientific & Dev. Ofc.2× since Mar 16, 2026: 11,261 shares, avg. $5.17$58,184Apr 23, 2026
- SaleRabourn Amy ZarembaHead of Fin. Quality Assurance2× since Mar 16, 2026: 4,457 shares, avg. $5.23$23,317Apr 23, 2026
- BuyCam GallagherDirector164,000 shares at $1.97$323,890Dec 29, 2025
Plus 2 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗
Revenue & earnings trend
Compare Opus Genetics, Inc. with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Biotechnology · 849 stocks
Valuation Multiplesvs Biotechnology median · lower = cheaper
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Biotechnology stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Regeneron Pharmaceuticals, Inc REGN | $916.06 | $1,275 | +39% | vs IRD |
| Samsung Biologics Co 207940 | 1,468,000 KRW | 1,661,000 KRW | +13% | vs IRD |
| Vertex Pharmaceuticals Incorporated VRTX | $547.89 | $601.80 | +10% | vs IRD |
| Genmab A/S GMAB | kr 3,581 | kr 3,880 | +8% | vs IRD |
| argenx SE ARGX | $971.55 | $908.40 | −7% | vs IRD |
| CSL Limited CSL | A$201.68 | A$181.40 | −10% | vs IRD |
| Moderna, Inc MRNA | $250.83 | $158.70 | −37% | vs IRD |
| BeOne Medicines AG 6160 | HK$252.20 | HK$152.80 | −39% | vs IRD |
| Celltrion, Inc 068270 | 203,000 KRW | 74,945 KRW | −63% | vs IRD |
| Royalty Pharma plc RPRX | $69.45 | $19.01 | −73% | vs IRD |
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Frequently asked questions
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Key figures of Opus Genetics, Inc.
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