Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Ocugen Inc (NASDAQ: OCGN) was $0.59 for the day, down -2.50% from the previous closing price of $0.61. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 5.95 million shares were traded.
Ratios:
Our analysis of OCGN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.58 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.12.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Maxim Group on October 15, 2024, initiated with a Buy rating and assigned the stock a target price of $4.
On March 01, 2023, Chardan Capital Markets Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $3.50.
On August 23, 2022, Mizuho started tracking the stock assigning a Buy rating and target price of $5.Mizuho initiated its Buy rating on August 23, 2022, with a $5 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 26 ’24 when Fernandes Prabhavathi bought 10,000 shares for $0.91 per share. The transaction valued at 9,095 led to the insider holds 10,000 shares of the business.
Castillo Kirsten bought 25,000 shares of OCGN for $22,848 on Nov 22 ’24. The Director now owns 75,000 shares after completing the transaction at $0.91 per share. On Aug 16 ’24, another insider, RAMESH KUMAR, who serves as the Director of the company, bought 116,705 shares for $1.25 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 36.52 while its Price-to-Book (P/B) ratio in mrq is 4.21.
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 $0.60. The 50-Day Moving Average of the stock is -19.86%, while the 200-Day Moving Average is calculated to be -47.77%.
Shares Statistics:
A total of 290.26M shares are outstanding, with a floating share count of 285.71M. Insiders hold about 1.80% of the company’s shares, while institutions hold 24.78% stake in the company.
Earnings Estimates
Ocugen Inc (OCGN) is currently under the scrutiny of 3.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.04 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.17 and -$0.22 for the fiscal current year, implying an average EPS of -$0.2. EPS for the following year is -$0.26, with 3.0 analysts recommending between -$0.18 and -$0.32.
Revenue Estimates
A total of 4 analysts have provided revenue estimates for OCGN’s current fiscal year. The highest revenue estimate was $4.6M, while the lowest revenue estimate was $3.29M, resulting in an average revenue estimate of $3.62M. In the same quarter a year ago, actual revenue was $6.04M
