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The price of Ocugen Inc (NASDAQ: OCGN) closed at $0.91 in the last session, up 0.72% from day before closing price of $0.90. In other words, the price has increased by $0.72 from its previous closing price. On the day, 2.4 million shares were traded. OCGN stock price reached its highest trading level at $0.9291 during the session, while it also had its lowest trading level at $0.89.
Ratios:
We take a closer look at OCGN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.58 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.12.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 264343776 and an Enterprise Value of 229289136. For the stock, the TTM Price-to-Sale (P/S) ratio is 56.65 while its Price-to-Book (P/B) ratio in mrq is 6.48. Its current Enterprise Value per Revenue stands at 48.785 whereas that against EBITDA is -4.538.
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 $0.36. The 50-Day Moving Average of the stock is -7.38%, while the 200-Day Moving Average is calculated to be -29.93%.
Shares Statistics:
According to the various share statistics, OCGN traded on average about 3.64M shares per day over the past 3-months and 4217970 shares per day over the past 10 days. A total of 291.32M shares are outstanding, with a floating share count of 287.12M. Insiders hold about 1.44% of the company’s shares, while institutions hold 27.50% stake in the company. Shares short for OCGN as of 1730332800 were 50645227 with a Short Ratio of 13.91, compared to 1727654400 on 50619903. Therefore, it implies a Short% of Shares Outstanding of 50645227 and a Short% of Float of 17.899999.
