Ocugen Inc. (NASDAQ:OCGN) went up by 15.80% from its latest closing price compared to the recent 1-year high of $18.77. The company’s stock price has collected 11.44% of gains in the last five trading sessions. Press Release reported on 09/10/21 that OCUGEN INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Ocugen, Inc. – OCGN
Is It Worth Investing in Ocugen Inc. (NASDAQ :OCGN) Right Now?
Plus, the 36-month beta value for OCGN is at 4.52. Opinions of the stock are interesting as 2 analysts out of 5 who provided ratings for Ocugen Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $7.90, which is -$0.38 below the current price. OCGN currently public float of 193.90M and currently shorts hold a 26.34% ratio of that float. Today, the average trading volume of OCGN was 19.18M shares.
OCGN’s Market Performance
OCGN stocks went up by 11.44% for the week, with a monthly jump of 3.89% and a quarterly performance of 35.07%, while its annual performance rate touched 2493.17%. The volatility ratio for the week stands at 8.81% while the volatility levels for the past 30 days are set at 6.25% for Ocugen Inc.. The simple moving average for the period of the last 20 days is 12.43% for OCGN stocks with a simple moving average of 25.37% for the last 200 days.
Analysts’ Opinion of OCGN
ROTH Capital, on the other hand, stated in their research note that they expect to see OCGN reach a price target of $6, previously predicting the price at $10. The rating they have provided for OCGN stocks is “Neutral” according to the report published on June 11th, 2021.
OCGN Trading at 13.57% from the 50-Day Moving Average
After a stumble in the market that brought OCGN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.89% of loss for the given period.
Volatility was left at 6.25%, however, over the last 30 days, the volatility rate increased by 8.81%, as shares surge +11.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.75% upper at present.
During the last 5 trading sessions, OCGN rose by +11.44%, which changed the moving average for the period of 200-days by +2,761.09% in comparison to the 20-day moving average, which settled at $7.41. In addition, Ocugen Inc. saw 352.46% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at OCGN starting from Subramanian Sanjay, who sale 30,000 shares at the price of $7.22 back on Aug 16. After this action, Subramanian Sanjay now owns 45,591 shares of Ocugen Inc., valued at $216,600 using the latest closing price.
Kompella Uday, the Director of Ocugen Inc., sale 10,000 shares at $6.81 during a trade that took place back on Jul 30, which means that Kompella Uday is holding 550,674 shares at $68,072 based on the most recent closing price.
Stock Fundamentals for OCGN
Equity return is now at value -95.10, with -83.70 for asset returns.