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After finishing at $1.81 in the prior trading day, Ocugen Inc (NASDAQ: OCGN) closed at $1.73, down -4.42%. In other words, the price has decreased by -$4.42 from its previous closing price. On the day, 3.27 million shares were traded. OCGN stock price reached its highest trading level at $1.84 during the session, while it also had its lowest trading level at $1.71.
Ratios:
Our goal is to gain a better understanding of OCGN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 1.87. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.16.
On August 23, 2022, Mizuho started tracking the stock assigning a Buy rating and target price of $5.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 14 ’23 when Zhang Junge bought 200,278 shares for $0.50 per share. The transaction valued at 99,999 led to the insider holds 1,077,182 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OCGN now has a Market Capitalization of 445222432 and an Enterprise Value of 425635584. For the stock, the TTM Price-to-Sale (P/S) ratio is 183.97 while its Price-to-Book (P/B) ratio in mrq is 14.71. Its current Enterprise Value per Revenue stands at 64.422 whereas that against EBITDA is -7.214.
Stock Price History:
Over the past 52 weeks, OCGN has reached a high of $2.11, while it has fallen to a 52-week low of $0.34. The 50-Day Moving Average of the stock is 7.63%, while the 200-Day Moving Average is calculated to be 111.09%.
Shares Statistics:
The stock has traded on average 8.75M shares per day over the past 3-months and 4187020 shares per day over the last 10 days, according to various share statistics. A total of 256.57M shares are outstanding, with a floating share count of 253.28M. Insiders hold about 1.58% of the company’s shares, while institutions hold 12.76% stake in the company. Shares short for OCGN as of 1715731200 were 52077776 with a Short Ratio of 5.95, compared to 1713139200 on 45232214. Therefore, it implies a Short% of Shares Outstanding of 52077776 and a Short% of Float of 20.549999.
