Ocugen Inc [NASDAQ: OCGN] traded at a high on Wednesday, posting a 6.46 gain after which it closed the day’ session at $0.69.
The results of the trading session contributed to over 3618307 shares changing hands. Over the past one week, the price volatility of Ocugen Inc stands at 12.21% while the volatility over the past one month is 9.56%.
The market cap for OCGN stock reached $201.20 million, with 291.37 million shares outstanding and 286.75 million shares in the current float. Compared to the average trading volume of 4.15M shares, OCGN reached a trading volume of 3618307 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Ocugen Inc [OCGN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OCGN shares is $6.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OCGN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Maxim Group have made an estimate for Ocugen Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 15, 2024. The new note on the price target was released on March 01, 2023, representing the official price target for Ocugen Inc stock. Previously, the target price had yet another raise to $5, while Mizuho analysts kept a Buy rating on OCGN stock.
The Average True Range (ATR) for Ocugen Inc is set at 0.06, with the Price to Sales ratio for OCGN stock in the period of the last 12 months amounting to 49.68. The Price to Book ratio for the last quarter was 6.77, with the Price to Cash per share for the same quarter was set at 0.20.
How has OCGN stock performed recently?
Ocugen Inc [OCGN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.77. With this latest performance, OCGN shares gained by 16.78% in over the last four-week period, additionally sinking by -30.56% over the last 6 months – not to mention a drop of -55.26% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OCGN stock in for the last two-week period is set at 53.40, with the RSI for the last a single of trading hit 54.17, and the three-weeks RSI is set at 51.86 for Ocugen Inc [OCGN]. The present Moving Average for the last 50 days of trading for this stock 0.6651, while it was recorded at 0.7132 for the last single week of trading, and 1.0134 for the last 200 days.
Ocugen Inc [OCGN]: Deeper insight into the fundamentals
Ocugen Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.86 and a Current Ratio set at 2.86.
Insider trade positions for Ocugen Inc [OCGN]
There are presently around $24.78%, or 25.10%% of OCGN stock, in the hands of institutional investors. The top three institutional holders of OCGN stocks are: BLACKROCK INC. with ownership of 17.92 million shares, which is approximately 6.9632%. VANGUARD GROUP INC, holding 15.52 million shares of the stock with an approximate value of $$24.06 million in OCGN stocks shares; and VANGUARD GROUP INC, currently with $$22.9 million in OCGN stock with ownership which is approximately 5.7418%.
