Ocugen Inc [OCGN] stock prices are down -5.83% to $1.13 at the moment. 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 6.60% over the last week, with a monthly amount glided 62.68%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ocugen Inc [NASDAQ: OCGN] stock has seen the most recent analyst activity on October 15, 2024, when Maxim Group initiated its Buy rating and assigned the stock a price target of $4. Previously, Chardan Capital Markets upgraded its rating to Buy on March 01, 2023, and kept the price target unchanged to $3.50. On August 23, 2022, Mizuho initiated with a Buy rating and assigned a price target of $5 on the stock. Cantor Fitzgerald initiated its recommendation with a Overweight and recommended $4.50 as its price target on June 02, 2022. In a note dated June 11, 2021, ROTH Capital downgraded an Neutral rating on this stock and revised its target price from $10 to $6.
The stock price of Ocugen Inc [OCGN] has been fluctuating between $0.51 and $1.98 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 $1.13 at the most recent close of the market. An investor can expect a potential return of 342.48% based on the average OCGN price forecast.
Analyzing the OCGN fundamentals
The Ocugen Inc [NASDAQ:OCGN] reported sales of 4.52M for trailing twelve months, representing a surge of 46.06%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -12.61%, Pretax Profit Margin comes in at -12.71%, and Net Profit Margin reading is -12.71%. To continue investigating profitability, this company’s Return on Assets is posted at -0.89, Equity is -2.23 and Total Capital is -1.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 1.0967 points at the first support level, and at 1.0633 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1667, and for the 2nd resistance point, it is at 1.2033.
Ratios To Look Out For
It’s worth pointing out that Ocugen Inc [NASDAQ:OCGN]’s Current Ratio is 2.60. Also, the Quick Ratio is 2.60, while the Cash Ratio stands at 2.24. Considering the valuation of this stock, the price to sales ratio is 73.01, the price to book ratio is 20.74.
Transactions by insiders
Recent insider trading involved PRABHAVATHI FERNANDES, Director, that happened on Jun 11 ’25 when 0.15 million shares were purchased. Director, Fernandes Prabhavathi completed a deal on Nov 26 ’24 to buy 10000.0 shares. Meanwhile, Director Castillo Kirsten bought 25000.0 shares on Nov 22 ’24.
