A share price of Ocugen Inc [OCGN] is currently trading at $1.36, up 4.62%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OCGN shares have gain 5.43% over the last week, with a monthly amount drifted -17.07%, and not seem to be holding up well over a long-time horizon.
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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 experienced fluctuations in its stock price throughout the past year between $0.34 and $2.11. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. Ocugen Inc [NASDAQ: OCGN] shares were valued at $1.36 at the most recent close of the market. An investor can expect a potential return of 267.65% based on the average OCGN price forecast.
Analyzing the OCGN fundamentals
Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at -6.31%, Pretax Profit Margin comes in at -6.21%, and Net Profit Margin reading is -6.21%. To continue investigating profitability, this company’s Return on Assets is posted at -1.25, Equity is -1.39 and Total Capital is -2.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 1.2933 points at the first support level, and at 1.2267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4133, and for the 2nd resistance point, it is at 1.4667.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ocugen Inc [NASDAQ:OCGN] is 1.04. Also, the Quick Ratio is 1.04, while the Cash Ratio stands at 0.87. Considering the valuation of this stock, the price to sales ratio is 109.97, the price to book ratio is 20.68.
Transactions by insiders
Recent insider trading involved RAMESH KUMAR, Director, that happened on Aug 16 ’24 when 0.12 million shares were purchased.
