The price of Ocugen Inc (NASDAQ: OCGN) closed at $0.90 in the last session, up 13.28% from day before closing price of $0.79. In other words, the price has increased by $+0.1055 from its previous closing price. On the day, 13393182 shares were traded. OCGN stock price reached its highest trading level at $0.9882 during the session, while it also had its lowest trading level at $0.8400.
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 5.08 and its Current Ratio is at 5.08. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.08.
On August 23, 2022, Mizuho started tracking the stock assigning a Buy rating and target price of $5.
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 Jun 14 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 203.79M and an Enterprise Value of 156.79M.
Stock Price History:
Over the past 52 weeks, OCGN has reached a high of $1.28, while it has fallen to a 52-week low of $0.34. The 50-Day Moving Average of the stock is 0.5815, while the 200-Day Moving Average is calculated to be 0.5018.
Shares Statistics:
According to the various share statistics, OCGN traded on average about 4.73M shares per day over the past 3-months and 14.23M shares per day over the past 10 days. A total of 256.50M shares are outstanding, with a floating share count of 250.87M. Insiders hold about 2.20% of the company’s shares, while institutions hold 10.25% stake in the company. Shares short for OCGN as of Jan 31, 2024 were 23.71M with a Short Ratio of 5.01, compared to 23.51M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.24% and a Short% of Float of 11.99%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.07, while EPS last year was -$0.1. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.06 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.28 and -$0.29 for the fiscal current year, implying an average EPS of -$0.28. EPS for the following year is -$0.28, with 2 analysts recommending between -$0.25 and -$0.31.
