Ocugen Inc (OCGN) concluded trading on Wednesday at a closing price of $0.97, with 3.56 million shares of worth about $3.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.55% during that period and on October 02, 2024 the price saw a gain of about 2.11%. Currently the company’s common shares owned by public are about 287.86M shares, out of which, 283.54M shares are available for trading.
Stock saw a price change of -5.37% in past 5 days and over the past one month there was a price change of -19.83%. Year-to-date (YTD), OCGN shares are showing a performance of 68.70% which increased to 142.26% 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 $2.11 during that period. The average intraday trading volume for Ocugen Inc shares is 4.48 million. The stock is currently trading -12.84% below its 20-day simple moving average (SMA20), while that difference is down -22.35% for SMA50 and it goes to -20.15% lower than SMA200.
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Ocugen Inc (NASDAQ: OCGN) currently have 287.86M outstanding shares and institutions hold larger chunk of about 23.53% of that.
The stock has a current market capitalization of $279.22M and its 3Y-monthly beta is at 3.76. It has posted earnings per share of -$0.18 in the same period. It has Quick Ratio of 1.04 while making debt-to-equity ratio of 0.41. 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 6.84% while standing at 6.55% over the month.
Stock’s fiscal year EPS is expected to rise by 23.08% while it is estimated to decrease by -28.33% 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.
