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Ocugen Inc. (OCGN) and the Battle of Fundamentals vs. Technicals

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Ocugen Inc. (NASDAQ:OCGN) went down by -1.69% from its latest closing price compared to the recent 1-year high of $18.77. The company’s stock price has collected -10.77% of loss in the last five trading sessions. Press Release reported on 01/08/22 that COVAXIN(TM) (BBV152) Booster Dose Study Demonstrates Robust Immune Responses and Long-Term Safety

Is It Worth Investing in Ocugen Inc. (NASDAQ :OCGN) Right Now?

Plus, the 36-month beta value for OCGN is at 4.64.

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The average price from analysts is $8.88, which is $4.82 above the current price. OCGN currently public float of 194.32M and currently shorts hold a 27.95% ratio of that float. Today, the average trading volume of OCGN was 33.34M shares.

OCGN’s Market Performance

OCGN stocks went down by -10.77% for the week, with a monthly drop of -32.67% and a quarterly performance of -42.57%, while its annual performance rate touched 50.93%. The volatility ratio for the week stands at 8.07% while the volatility levels for the past 30 days are set at 10.14% for Ocugen Inc.. The simple moving average for the period of the last 20 days is -17.94% for OCGN stocks with a simple moving average of -47.18% 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 -42.64% 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 -78.37% of loss for the given period.

Volatility was left at 10.14%, however, over the last 30 days, the volatility rate increased by 8.07%, as shares sank -28.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.75% lower at present.

During the last 5 trading sessions, OCGN fell by -10.77%, which changed the moving average for the period of 200-days by -47.27% in comparison to the 20-day moving average, which settled at $4.87. In addition, Ocugen Inc. saw -10.77% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at OCGN starting from Musunuri Shankar, who sale 115,000 shares at the price of $5.22 back on Dec 16. After this action, Musunuri Shankar now owns 1,145,299 shares of Ocugen Inc., valued at $600,300 using the latest closing price.

Musunuri Shankar, the Chief Executive Officer of Ocugen Inc., sale 115,000 shares at $8.04 during a trade that took place back on Nov 16, which means that Musunuri Shankar is holding 1,260,299 shares at $924,600 based on the most recent closing price.

Stock Fundamentals for OCGN

Equity return is now at value -65.30, with -59.10 for asset returns.

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