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After finishing at $1.11 in the prior trading day, Ocugen Inc (NASDAQ: OCGN) closed at $1.04, down -6.31%. In other words, the price has decreased by -$6.31 from its previous closing price. On the day, 4.31 million shares were traded. OCGN stock price reached its highest trading level at $1.12 during the session, while it also had its lowest trading level at $1.04.
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 1.04 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.30.
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 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 299372288 and an Enterprise Value of 310690112. For the stock, the TTM Price-to-Sale (P/S) ratio is 84.09 while its Price-to-Book (P/B) ratio in mrq is 15.82. Its current Enterprise Value per Revenue stands at 42.777 whereas that against EBITDA is -6.151.
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 -23.50%, while the 200-Day Moving Average is calculated to be -12.84%.
Shares Statistics:
The stock has traded on average 5.40M shares per day over the past 3-months and 3617550 shares per day over the last 10 days, according to various share statistics. A total of 287.86M shares are outstanding, with a floating share count of 283.54M. Insiders hold about 1.50% of the company’s shares, while institutions hold 23.52% stake in the company. Shares short for OCGN as of 1724976000 were 51229713 with a Short Ratio of 9.49, compared to 1722384000 on 64030898. Therefore, it implies a Short% of Shares Outstanding of 51229713 and a Short% of Float of 18.100001.
