Now Is A Suitable Moment For A Long-Term Purchase Of Ocugen Inc (NASDAQ: OCGN)

Currently, there are 256.50M common shares owned by the public and among those 250.87M shares have been available to trade.

However, the script later moved the day high at 0.6500, up 17.84%. The company’s stock has a 5-day price change of 25.79% and 72.05% over the past three months. OCGN shares are trading 10.26% year to date (YTD), with the 12-month market performance down to -43.39% lower. It has a 12-month low price of $0.34 and touched a high of $1.14 over the same period. OCGN has an average intraday trading volume of 2.45 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.82%, 26.41%, and 27.85% respectively.

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Institutional ownership of Ocugen Inc (NASDAQ: OCGN) shares accounts for 12.82% of the company’s 256.50M shares outstanding.

It has a market capitalization of $162.62M and a beta (3y monthly) value of 3.30. The earnings-per-share (ttm) stands at -$0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.07% over the week and 6.87% over the month.

Analysts forecast that Ocugen Inc (OCGN) will achieve an EPS of $Organon & Co. for the current quarter, $16.83 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Origin Materials, Inc. while analysts give the company a high EPS estimate of $OpGen, Inc.. Comparatively, EPS for the current quarter was $Ocwen Financial Corporation NEW a year ago. Earnings per share for the fiscal year are expected to increase by 25.44%, and -1.18% over the next financial year.

Looking at the support for the OCGN, a number of firms have released research notes about the stock. Chardan Capital Markets stated their Buy rating for the stock in a research note on March 01, 2023, with the firm’s price target at $3.50.

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