Ocugen Inc [NASDAQ: OCGN] gained 7.62% or 0.08 points to close at $1.13 with a heavy trading volume of 6017299 shares.
It opened the trading session at $1.06, the shares rose to $1.13 and dropped to $1.05, the range by which the price of stock traded the whole day. The daily chart for OCGN points out that the company has recorded 26.33% gains over the past six months.
If we look at the average trading volume of 5.65M shares, OCGN reached to a volume of 6017299 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 20.74, with the Price to Cash per share for the same quarter was set at 0.13.
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 22.28. With this latest performance, OCGN shares gained by 6.60% in over the last four-week period, additionally plugging by 26.33% over the last 6 months – not to mention a rise of 40.37% in the past year of trading.
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 -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%.
An analysis of Institutional ownership at Ocugen Inc [OCGN]
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%.
