In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $0.79 in the prior trading day, Ocugen Inc (NASDAQ: OCGN) closed at $0.75, down -4.49%. In other words, the price has decreased by -$4.49 from its previous closing price. On the day, 5.77 million shares were traded. OCGN stock price reached its highest trading level at $0.8099 during the session, while it also had its lowest trading level at $0.7351.
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 2.58 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:
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 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 229152496 and an Enterprise Value of 184354544. For the stock, the TTM Price-to-Sale (P/S) ratio is 46.57 while its Price-to-Book (P/B) ratio in mrq is 5.37. Its current Enterprise Value per Revenue stands at 39.224 whereas that against EBITDA is -3.648.
Stock Price History:
The Beta on a monthly basis for OCGN is 3.87, which has changed by 0.40535712 over the last 52 weeks, in comparison to a change of 0.22263205 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 $0.49. The 50-Day Moving Average of the stock is -15.68%, while the 200-Day Moving Average is calculated to be -40.82%.
Shares Statistics:
The stock has traded on average 4.51M shares per day over the past 3-months and 5173540 shares per day over the last 10 days, according to various share statistics. A total of 290.26M shares are outstanding, with a floating share count of 286.08M. Insiders hold about 1.80% of the company’s shares, while institutions hold 27.53% stake in the company. Shares short for OCGN as of 1734048000 were 58632954 with a Short Ratio of 11.59, compared to 1731628800 on 54396876. Therefore, it implies a Short% of Shares Outstanding of 58632954 and a Short% of Float of 20.47.
