As of close of business last night, Ocugen Inc’s stock clocked out at $1.71, down -9.04% from its previous closing price of $1.88. On the day, 10151239 shares were traded.
Ratios:
To gain a deeper understanding of OCGN’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 438.79M and an Enterprise Value of 391.79M.
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 1.0382, while the 200-Day Moving Average is calculated to be 0.6098.
Shares Statistics:
It appears that OCGN traded 8.37M shares on average per day over the past three months and 13.5M shares per day over the past ten 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 10.22% stake in the company. Shares short for OCGN as of Mar 15, 2024 were 35.4M with a Short Ratio of 4.23, compared to 24.36M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 13.80% and a Short% of Float of 17.90%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. 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.
