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In other words, the price has increased by $0.00 from its previous closing price. On the day, 6.65 million shares were traded. OCGN stock price reached its highest trading level at $1.37 during the session, while it also had its lowest trading level at $1.27.
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 2.51 and its Current Ratio is at 2.51. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.16. 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 339668992 and an Enterprise Value of 307149344. For the stock, the TTM Price-to-Sale (P/S) ratio is 240.90 while its Price-to-Book (P/B) ratio in mrq is 8.35. Its current Enterprise Value per Revenue stands at 50.886 whereas that against EBITDA is -4.738.
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 11.27%, while the 200-Day Moving Average is calculated to be 104.00%.
Shares Statistics:
The stock has traded on average 8.95M shares per day over the past 3-months and 8215240 shares per day over the last 10 days, according to various share statistics. A total of 256.57M shares are outstanding, with a floating share count of 251.67M. Insiders hold about 2.20% of the company’s shares, while institutions hold 10.20% stake in the company. Shares short for OCGN as of 1711584000 were 43483048 with a Short Ratio of 4.86, compared to 1709164800 on 36649164. Therefore, it implies a Short% of Shares Outstanding of 43483048 and a Short% of Float of 21.97.
Earnings Estimates
Ocugen Inc (OCGN) is currently under the scrutiny of Ocugen, Inc. analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $17.82, with high estimates of $0.69 and low estimates of $25.84.
