Ocugen Inc (OCGN) concluded trading on Thursday at a closing price of $1.01, with 7.69 million shares of worth about $7.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 134.88% during that period and on Thursday the price saw a gain of about 16.09%. Currently the company’s common shares owned by public are about 256.50M shares, out of which, 250.87M shares are available for trading.
Stock saw a price change of 7.91% in past 5 days and over the past one month there was a price change of 93.49%. Year-to-date (YTD), OCGN shares are showing a performance of 75.65% which increased to 4.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.34 but also hit the highest price of $1.28 during that period. The average intraday trading volume for Ocugen Inc shares is 5.48 million. The stock is currently trading 22.98% above its 20-day simple moving average (SMA20), while that difference is up 51.30% for SMA50 and it goes to 97.92% higher than SMA200.
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Ocugen Inc (NASDAQ: OCGN) currently have 256.50M outstanding shares and institutions hold larger chunk of about 10.23% of that.
The stock has a current market capitalization of $259.06M and its 3Y-monthly beta is at 3.47. It has posted earnings per share of -$0.32 in the same period. It has Quick Ratio of 5.08 while making debt-to-equity ratio of 0.11. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OCGN, volatility over the week remained 10.81% while standing at 14.42% over the month.
Analysts are in expectations that Ocugen Inc (OCGN) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is -$0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 25.44% while it is estimated to decrease by -1.18% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Chardan Capital Markets on March 01, 2023 offering a Buy rating for the stock and assigned a target price of $3.50 to it. Coverage by Mizuho stated Ocugen Inc (OCGN) stock as a Buy in their note to investors on August 23, 2022, suggesting a price target of $5 for the stock. On June 15, 2022, ROTH Capital Resumed their recommendations, while on June 02, 2022, Cantor Fitzgerald Initiated their ratings for the stock with a price target of $4.50. Stock get an Outperform rating from Noble Capital Markets on July 26, 2021.
