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After finishing at $0.99 in the prior trading day, Ocugen Inc (NASDAQ: OCGN) closed at $1.02, up 3.51%. In other words, the price has increased by $3.51 from its previous closing price. On the day, 2.61 million shares were traded. OCGN stock price reached its highest trading level at $1.05 during the session, while it also had its lowest trading level at $0.99.
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 293615136 and an Enterprise Value of 284782912. For the stock, the TTM Price-to-Sale (P/S) ratio is 82.48 while its Price-to-Book (P/B) ratio in mrq is 15.51. Its current Enterprise Value per Revenue stands at 39.21 whereas that against EBITDA is -5.638.
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 -20.85%, while the 200-Day Moving Average is calculated to be -15.39%.
Shares Statistics:
The stock has traded on average 5.21M shares per day over the past 3-months and 4508490 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 1726185600 were 50901819 with a Short Ratio of 9.77, compared to 1723680000 on 51272476. Therefore, it implies a Short% of Shares Outstanding of 50901819 and a Short% of Float of 17.989999.
