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The closing price of Ocugen Inc (NASDAQ: OCGN) was $0.94 for the day, up 1.06% from the previous closing price of $0.93. In other words, the price has increased by $1.06 from its previous closing price. On the day, 2.26 million shares were traded. OCGN stock price reached its highest trading level at $0.9722 during the session, while it also had its lowest trading level at $0.9222.
Ratios:
Our analysis of OCGN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.30.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on October 15, 2024, initiated with a Buy rating and assigned the stock a target price of $4.
On March 01, 2023, Chardan Capital Markets Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $3.50.
On August 23, 2022, Mizuho started tracking the stock assigning a Buy rating and target price of $5.Mizuho initiated its Buy rating on August 23, 2022, with a $5 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 16 ’24 when RAMESH KUMAR bought 116,705 shares for $1.25 per share.
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 270586496 and an Enterprise Value of 261754304. For the stock, the TTM Price-to-Sale (P/S) ratio is 76.01 while its Price-to-Book (P/B) ratio in mrq is 14.29. Its current Enterprise Value per Revenue stands at 36.039 whereas that against EBITDA is -5.182.
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 -16.82%, while the 200-Day Moving Average is calculated to be -24.55%.
Shares Statistics:
OCGN traded an average of 4.04M shares per day over the past three months and 2540200 shares per day over the past ten days. A total of 287.86M shares are outstanding, with a floating share count of 283.71M. Insiders hold about 1.44% of the company’s shares, while institutions hold 23.92% stake in the company. Shares short for OCGN as of 1727654400 were 50619903 with a Short Ratio of 12.52, compared to 1724976000 on 51229713. Therefore, it implies a Short% of Shares Outstanding of 50619903 and a Short% of Float of 17.889999.
