Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Ocugen Inc (NASDAQ: OCGN) closed at $1.33 in the last session, up 0.76% from day before closing price of $1.32. In other words, the price has increased by $0.76 from its previous closing price. On the day, 4.76 million shares were traded. OCGN stock price reached its highest trading level at $1.42 during the session, while it also had its lowest trading level at $1.32.
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 2.51 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:
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 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 342246240 and an Enterprise Value of 309722592. For the stock, the TTM Price-to-Sale (P/S) ratio is 242.73 while its Price-to-Book (P/B) ratio in mrq is 8.41. Its current Enterprise Value per Revenue stands at 51.313 whereas that against EBITDA is -4.778.
Stock Price History:
The Beta on a monthly basis for OCGN is 3.58, which has changed by 0.83844006 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. 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 2.48%, while the 200-Day Moving Average is calculated to be 94.87%.
Shares Statistics:
According to the various share statistics, OCGN traded on average about 9.76M shares per day over the past 3-months and 6325040 shares per day over the past 10 days. A total of 256.57M shares are outstanding, with a floating share count of 251.68M. Insiders hold about 2.20% of the company’s shares, while institutions hold 10.21% stake in the company. Shares short for OCGN as of 1713139200 were 45232214 with a Short Ratio of 4.64, compared to 1710460800 on 35396705. Therefore, it implies a Short% of Shares Outstanding of 45232214 and a Short% of Float of 22.770001.
Earnings Estimates
The stock of Ocugen Inc (OCGN) is currently in the spotlight, with 3.0 analysts actively rating and assessing its market standing.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 -$0.07. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.06 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.23 and -$0.31 for the fiscal current year, implying an average EPS of -$0.26. EPS for the following year is -$0.26, with 2.0 analysts recommending between -$0.26 and -$0.27.
