Ocugen Inc. (NASDAQ:OCGN) currently has a daily average trading volume of 34.61M but it saw 15647152 shares traded on Monday. With a market cap of 73.98M USD stock’s current market price of $0.50 came falling about -12.00 while comparing to the previous closing price of $0.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.40 and as low as $0.17. In the recent trading on the day, stock has struck highest price mark of $0.532 while lowest mark touched by it was $0.481.
Taking a look at 20-day trading activity of Ocugen Inc. (OCGN) gives us an average price of $0.5253, while its current price level is -97.14% below from 52-week high level whereas it is 192.35% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3518 while that of 200 days or SMA-200 reads an average of $0.4369. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.16% during that period while stretching the period over a month that increases to 26.52%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.64 which implies that the stock is in neutral territory.
Ocugen Inc. (OCGN)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $0.70 and $0.70 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $0.70 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $0.70. Average price target assigned by them is $0.70 which highlights an upside potential of 28.57% for the stock over that period. And to attain the median price target of $0.70 assigned by those analysts, stock has to add about 28.57% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, OCGN’s stock price is moving -29.50% down while it is 140.10% when we observe its performance for the past one month. Year-to-date it is -4.42% down and over the past year, the stock is showing a downside performance of -95.57%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of -$0.19 beaten by the consensus estimate of -$0.03 for the same. For OCGN, analysts are forecasting an EPS-growth rate of 87.30% for current year and estimate for EPS growth in next year is 12.50%.
Currently, Ocugen Inc.’s total number of outstanding shares is 135.01M with 8.15% of that held by the insiders while 11.98% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 0.24. Stock’s beta reads 2.91. Stock has a price to book (P/B) ratio of 3.55. Its return on asset (ROA) is -144.70% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Extended Market Index Fu came shrinking its share ownership by 0.00% in the Ocugen Inc. (OCGN) decreasing its stake to 0.24% with control over 0.0 shares in the company. As per SEC documents, Vanguard Extended Market Index Fu shunned 329,385 of company’s common stock of worth $0.17 million as per recent closing price of the stock. Vanguard Extended Market Index Fu is not the only institutional holder which restructured its stake in Ocugen Inc., as Fidelity Extended Market Index Fu dumped 194,488 shares of worth $0.1 million to bring its holdings to a total of 0.0 shares. In the most recent quarter, USAA Extended Market Index Fund came rising its stake by 138.08% in the company and now holds 16494.0 or 0.01% of the company’s stake having worth of about 8494.0.