After finishing at $1.03 in the prior trading day, Ocugen Inc (NASDAQ: OCGN) closed at $1.10, up 6.80%. In other words, the price has increased by $+0.0700 from its previous closing price. On the day, 3301943 shares were traded.
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 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:
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 264.20M and an Enterprise Value of 217.20M.
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 0.7372, while the 200-Day Moving Average is calculated to be 0.5288.
Shares Statistics:
The stock has traded on average 6.03M shares per day over the past 3-months and 5.11M shares per day over the last 10 days, according to various share statistics. 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 10.22% stake in the company. Shares short for OCGN as of Feb 29, 2024 were 36.65M with a Short Ratio of 6.08, compared to 23.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.29% and a Short% of Float of 18.53%.
Earnings Estimates
Its stock is currently analyzed by 2 different market analysts. 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.
