Ocugen Inc [OCGN] stock is trading at $1.64, up 22.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OCGN shares have gain 51.85% over the last week, with a monthly amount glided 64.56%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Ocugen Inc [NASDAQ: OCGN] stock has seen the most recent analyst activity on March 01, 2023, when Chardan Capital Markets upgraded its rating to a Buy but kept the price target unchanged to $3.50 for it. Previously, Mizuho started tracking the stock with Buy rating on August 23, 2022, and set its price target to $5. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $4.50 on June 02, 2022. Noble Capital Markets initiated its recommendation with a Outperform. ROTH Capital downgraded its rating to Neutral for this stock on June 11, 2021, and downed its price target to $6. In a note dated May 07, 2021, Cantor Fitzgerald downgraded an Neutral rating on this stock.
Ocugen Inc [OCGN] stock has fluctuated between $0.34 and $1.60 over the past year. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Ocugen Inc [NASDAQ: OCGN] shares were valued at $1.64 at the most recent close of the market. An investor can expect a potential return of 204.88% based on the average OCGN price forecast.
Analyzing the OCGN fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.96, Equity is -1.0 and Total Capital is -1.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4633 points at the first support level, and at 1.2867 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7633, and for the 2nd resistance point, it is at 1.8867.
Ratios To Look Out For
For context, Ocugen Inc’s Current Ratio is 5.08. As well, the Quick Ratio is 5.08, while the Cash Ratio is 4.8.
Transactions by insiders
Recent insider trading involved Zhang Junge, Director, that happened on Jun 14 ’23 when 0.2 million shares were purchased.
