Ocugen Inc (NASDAQ:OCGN) currently has a daily average trading volume of 8.54M but it saw 6739943 shares traded in last market. With a market cap of 433.49M USD, the company’s current market price of $1.69 came falling about -6.11 while comparing to the previous closing price of $1.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.11 and as low as $0.34.
Taking a look at 20-day trading activity of Ocugen Inc (OCGN) gives us an average price of $1.5137, while its current price level is -19.71% below from 52-week high level whereas it is 389.86% 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 $1.0857 while that of 200 days or SMA-200 reads an average of $0.6221. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.53% during that period while stretching the period over a month that increases to 14.58%. 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 59.52 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Chardan Capital Markets which upgraded the stock as “Buy” in its note to investors issued on March 01, 2023, recommending a price target of $3.50 for it. ROTH Capital issued its recommendations for the stock as it resumed the price target for the stock is $8.
Over the week, OCGN’s stock price is moving 11.92% up while it is 71.75% when we observe its performance for the past one month. Year-to-date it is 193.91% up and over the past year, the stock is showing an upside performance of 109.42%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2023, when its quarterly earnings per share (EPS) of -$0.06 beat the consensus estimate of -$0.07 for the same.
Currently, Ocugen Inc’s total number of outstanding shares is 256.50M with 1.45% of that held by the insiders while 10.34% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -119.78% and return on equity (ROE) at -98.28%. Stock’s beta reads 3.45. Stock has a price to book (P/B) ratio of 7.42. Its return on asset (ROA) is -79.11% on average.
