The 36-month beta value for OCGN is at 3.48. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OCGN is 250.87M, and currently, shorts hold a 14.11% of that float. The average trading volume for OCGN on April 08, 2024 was 7.80M shares.
OCGN) stock’s latest price update
Ocugen Inc (NASDAQ: OCGN)’s stock price has increased by 21.19 compared to its previous closing price of 1.51. However, the company has seen a 11.59% increase in its stock price over the last five trading sessions. Invezz reported 2024-04-07 that Ocugen (NASDAQ: OCGN) stock price has been one of the best-performing companies in Wall Street this year. It has jumped by more than 218% in 2024, beating some of the best-known brands like Nvidia and Amazon.
OCGN’s Market Performance
Ocugen Inc (OCGN) has seen a 11.59% rise in stock performance for the week, with a 110.34% gain in the past month and a 180.29% surge in the past quarter. The volatility ratio for the week is 14.44%, and the volatility levels for the past 30 days are at 14.58% for OCGN. The simple moving average for the past 20 days is 39.01% for OCGN’s stock, with a 209.50% simple moving average for the past 200 days.
Analysts’ Opinion of OCGN
Many brokerage firms have already submitted their reports for OCGN stocks, with Chardan Capital Markets repeating the rating for OCGN by listing it as a “Buy.” The predicted price for OCGN in the upcoming period, according to Chardan Capital Markets is $3.50 based on the research report published on March 01, 2023 of the previous year 2023.
Mizuho, on the other hand, stated in their research note that they expect to see OCGN reach a price target of $5. The rating they have provided for OCGN stocks is “Buy” according to the report published on August 23rd, 2022.
ROTH Capital gave a rating of “Buy” to OCGN, setting the target price at $8 in the report published on June 15th of the previous year.
OCGN Trading at 90.02% 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 -13.06% of loss for the given period.
Volatility was left at 14.58%, however, over the last 30 days, the volatility rate increased by 14.44%, as shares surge +81.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +234.98% upper at present.
During the last 5 trading sessions, OCGN rose by +11.59%, which changed the moving average for the period of 200-days by +230.92% in comparison to the 20-day moving average, which settled at $1.3575. In addition, Ocugen Inc saw 218.26% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OCGN starting from Zhang Junge, who purchase 200,278 shares at the price of $0.50 back on Jun 14 ’23. After this action, Zhang Junge now owns 1,077,182 shares of Ocugen Inc, valued at $99,999 using the latest closing price.
Stock Fundamentals for OCGN
The total capital return value is set at -1.28. Equity return is now at value -98.28, with -79.11 for asset returns.
Based on Ocugen Inc (OCGN), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -10.45. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is 23.4.
Currently, EBITDA for the company is -84.87 million with net debt to EBITDA at 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.08.
Conclusion
In conclusion, Ocugen Inc (OCGN) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
