During the last session, Ocugen Inc. (NASDAQ:OCGN)’s traded shares were 14.92 million, with the beta value of the company hitting 3.89. At the end of the trading day, the stock’s price was $0.45, reflecting an intraday loss of -3.73% or -$0.02. The 52-week high for the OCGN share is $3.11, that puts it down -591.11 from that peak though still a striking 2.22% gain since the share price plummeted to a 52-week low of $0.44. The company’s market capitalization is $99.37M, and the average intraday trading volume over the past 10 days was 11.58 million shares, and the average trade volume was 7.19 million shares over the past three months.
Ocugen Inc. (OCGN) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. OCGN has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.08.
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Ocugen Inc. (NASDAQ:OCGN) trade information
Ocugen Inc. (OCGN) registered a -3.73% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.73% in intraday trading to $0.45 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -31.70%, and it has moved by -37.57% in 30 days. Based on these gigs, the overall price performance for the year is -78.39%. The short interest in Ocugen Inc. (NASDAQ:OCGN) is 40.76 million shares and it means that shorts have 7.34 day(s) to cover.
The consensus price target of analysts on Wall Street is $4.58, which implies an increase of 90.17% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.50 and $8.00 respectively. As a result, OCGN is trading at a discount of -1677.78% off the target high and -455.56% off the low.
Ocugen Inc. (OCGN) estimates and forecasts
Statistics show that Ocugen Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Ocugen Inc. (OCGN) shares have gone down -71.00% during the last six months, with a year-to-date growth rate more than the industry average at 21.05% against 11.40. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 11.10% this quarter and then jump 20.00% in the quarter after that.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 63.60%. While earnings are projected to return -26.70% in 2023.
Ocugen Inc. is due to release its next quarterly earnings between August 03 and August 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.