Ocugen Inc [NASDAQ: OCGN] surged by $4609998.94 during the normal trading session on Monday and reaching a high of $1.065 during the day while it closed the day at $4610000.0.
Ocugen Inc stock has also loss -13.18% of its value over the past 7 days. However, OCGN stock has inclined by 62.27% in the 3 months of the year. Over the past six months meanwhile, it has gained 17.91% and lost -28.91% year-on date.
The market cap for OCGN stock reached $286.51 million, with 292.03 million shares outstanding and 286.77 million shares in the current float. Compared to the average trading volume of 4.61M shares, OCGN reached a trading volume of 10989673 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $6.50 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 Price to Book ratio for the last quarter was 18.01, with the Price to Cash per share for the same quarter was set at 0.13.
OCGN stock trade performance evaluation
Ocugen Inc [OCGN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.18. With this latest performance, OCGN shares gained by 18.20% in over the last four-week period, additionally plugging by 17.91% over the last 6 months – not to mention a rise of 21.88% in the past year of trading.
Ocugen Inc [OCGN]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Ocugen Inc [OCGN] shares currently have an operating margin of -1261.43% and a Gross Margin at 40.34%. Ocugen Inc’s Net Margin is presently recorded at -1160.86%.
Return on Equity for this stock declined to -98.89%, with Return on Assets sitting at -98.89%.
Earnings per share (EPS) analysis for Ocugen Inc [OCGN] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OCGN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ocugen Inc go to 46.87%.
Ocugen Inc [OCGN]: Institutional Ownership
There are presently around $26.48%, or 26.91%% 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%.
