Ocugen Inc [OCGN] stock prices are up 21.19% to $1.83 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The OCGN shares have gain 11.59% over the last week, with a monthly amount glided 110.34%, 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
On 5, April 2024, Ocugen Announces Positive Data and Safety Monitoring Board Review and Initiation of Enrollment in Medium Dose for OCU410—a Modifier Gene Therapy—in Phase 1/2 ArMaDa Study for Geographic Atrophy. In a post published today on Yahoo Finance, Established Low Dose as Safe and Tolerable Dose in Current OCU410 Clinical Trial.
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.
The stock price of Ocugen Inc [OCGN] has been fluctuating between $0.34 and $2.11 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 $1.83 at the most recent close of the market. An investor can expect a potential return of 173.22% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 1.6167 points at the first support level, and at 1.4033 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9767, and for the 2nd resistance point, it is at 2.1233.
Ocugen Inc [OCGN] reported earnings per share of -$0.06 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.07/share, meaning a difference of $0.01 and a surprise factor of 14.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.1 per share as compared to estimates of -$0.07 per share, a difference of -$0.03 representing a surprise of -42.90%.
Ratios To Look Out For
It’s worth pointing out that Ocugen Inc [NASDAQ:OCGN]’s Current Ratio is 5.08. Further, the Quick Ratio stands at 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.
