Oragenics Inc (AMEX: OGEN) Trading above Its 20 Day MA ($0.3233), Why Showing An Interesting Price Pattern?

Oragenics Inc (AMEX:OGEN) does about 834.20K shares in volume on a normal day but saw 2840539 shares change hands in the recent trading day. The company now has a market cap of 5.21M USD. Its current market price is $0.38, marking an increase of 20.35% compared to the previous close of $0.32. The 52 week high reached by this stock is $7.74 whilst the lowest price level in 52 weeks is $0.28.

Oragenics Inc (OGEN) has a 20-day trading average at $0.3233 and the current price is -95.03% off the 52-week high compared with 37.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4286 and its 200-day simple moving average is $1.3461. If we look at the stock’s price movements over the week, volatility stands at 13.02%, which decreases to 12.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.34 to suggest the stock is neutral.

The consensus objective for the share price is $90.00, suggesting that the stock has a potential upside of 99.58% over the period.

The current price level is 19.10%, -10.16%, and -71.40% away from its SMA20, SMA50, and SMA200 respectively, with the OGEN price moving above the 50-day SMA on current market day. Oragenics Inc (OGEN) stock is up 29.67% over the week and -0.52% over the past month. Its price is -93.16% year-to-date and -89.84% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2023, with the company’s earnings per share (EPS) of -1.8 above consensus estimates by 0.6. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 99.58 percent from here.

The company has a return on investment of -1471.37% and return on equity of -454.72%. The beta has a value of 0.43. Price to sales ratio is 521.12.