Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Ocugen Inc (NASDAQ: OCGN) closed at $0.68 in the last session, up 4.01% from day before closing price of $0.65. In other words, the price has increased by $4.01 from its previous closing price. On the day, 3.49 million shares were traded. OCGN stock price reached its highest trading level at $0.6899 during the session, while it also had its lowest trading level at $0.65.
Ratios:
We take a closer look at OCGN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.86 and its Current Ratio is at 2.86. In the meantime, Its Debt-to-Equity ratio is 1.10 whereas as Long-Term Debt/Eq ratio is at 1.03.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
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 198394336 and an Enterprise Value of 172383632. For the stock, the TTM Price-to-Sale (P/S) ratio is 48.99 while its Price-to-Book (P/B) ratio in mrq is 6.68. Its current Enterprise Value per Revenue stands at 42.511 whereas that against EBITDA is -3.266.
Stock Price History:
The Beta on a monthly basis for OCGN is 4.19, which has changed by -0.45241934 over the last 52 weeks, in comparison to a change of 0.05430484 over the same period for the S&P500. Over the past 52 weeks, OCGN has reached a high of $2.06, while it has fallen to a 52-week low of $0.51. The 50-Day Moving Average of the stock is 5.06%, while the 200-Day Moving Average is calculated to be -30.28%.
Shares Statistics:
According to the various share statistics, OCGN traded on average about 3.95M shares per day over the past 3-months and 4220000 shares per day over the past 10 days. A total of 291.37M shares are outstanding, with a floating share count of 286.75M. Insiders hold about 1.80% of the company’s shares, while institutions hold 24.63% stake in the company. Shares short for OCGN as of 1743379200 were 65794489 with a Short Ratio of 16.65, compared to 1740700800 on 63673877. Therefore, it implies a Short% of Shares Outstanding of 65794489 and a Short% of Float of 22.91.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
