Ocugen Inc [NASDAQ: OCGN] price plunged by -4.46 percent to reach at $4809998.97.
A sum of 48242470 shares traded at recent session while its average daily volume was at 4.81M shares. Ocugen Inc shares reached a high of $1.09 and dropped to a low of $0.9841 until finishing in the latest session at $4810000.0.
The one-year OCGN stock forecast points to a potential downside of -73999900.0. The average equity rating for OCGN stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 18.06, with the Price to Cash per share for the same quarter was set at 0.13.
OCGN Stock Performance Analysis:
Ocugen Inc [OCGN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.16. With this latest performance, OCGN shares gained by 11.40% in over the last four-week period, additionally plugging by 32.97% over the last 6 months – not to mention a rise of 22.25% in the past year of trading.
Insight into Ocugen Inc 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%.
Ocugen Inc [OCGN] Institutonal Ownership Details
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%.
