Ocugen Inc [NASDAQ: OCGN] gained 19.42% on the last trading session, reaching $1.66 price per share at the time.
Ocugen Inc represents 312.31 million in outstanding shares, while the company has a total market value of $518.42 million with the latest information. OCGN stock price has been found in the range of $1.39 to $1.69.
If compared to the average trading volume of 4.34M shares, OCGN reached a trading volume of 12009443 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 158.85, with the Price to Cash per share for the same quarter was set at 0.09.
Trading performance analysis for OCGN stock
Ocugen Inc [OCGN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 41.88. With this latest performance, OCGN shares gained by 64.36% in over the last four-week period, additionally plugging by 160.43% over the last 6 months – not to mention a rise of 106.21% 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 84.02, with the RSI for the last a single of trading hit 0.1057, and the three-weeks RSI is set at 0.0799 for Ocugen Inc [OCGN]. The present Moving Average for the last 50 days of trading for this stock 1.0771, while it was recorded at 1.4220 for the last single week of trading, and 0.8590 for the last 200 days.
Ocugen Inc [OCGN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Ocugen Inc [OCGN] shares currently have an operating margin of -1165.08% and a Gross Margin at 35.91%. Ocugen Inc’s Net Margin is presently recorded at -1197.75%.
Ocugen Inc (OCGN) Capital Structure & Debt Analysis
According to recent financial data for Ocugen Inc. ( OCGN), the Return on Equity (ROE) stands at -569.99%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -120.97%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Ocugen Inc’s Return on Invested Capital (ROIC) is -162.59%, showcasing its effectiveness in deploying capital for earnings.
Ocugen Inc (OCGN) Efficiency & Liquidity Metrics
Based on Ocugen Inc’s (OCGN) latest financial statements, the Debt-to-Equity Ratio is 10.76%, indicating its reliance on debt financing relative to shareholder equity.
Ocugen Inc (OCGN) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Ocugen Inc. (OCGN) effectively leverages its workforce, generating an average of -$599368.42 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.83% and a Quick Ratio of 1.83%, indicating strong ability to cover short-term liabilities.
Ocugen Inc [OCGN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Ocugen Inc posted -0.05/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. 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.
An analysis of Institutional ownership at Ocugen Inc [OCGN]
There are presently around $16.63%, or 16.88%% 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%.
