During the recent session, Ocugen Inc (NASDAQ:OCGN)’s traded shares were 4.56 million, with the beta value of the company hitting 3.48. At the last check today, the stock’s price was $1.61, reflecting an intraday gain of 6.64% or $0.11. The 52-week high for the OCGN share is $2.11, that puts it down -31.06 from that peak though still a striking 78.88% gain since the share price plummeted to a 52-week low of $0.34. The company’s market capitalization is $411.68M, and the average intraday trading volume over the past 10 days was 20.23 million shares, and the average trade volume was 7.72 million shares over the past three months.
Ocugen Inc (NASDAQ:OCGN) trade information
Ocugen Inc (OCGN) registered a 6.64% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.64% in intraday trading to $1.61, hitting a weekly high. The stock’s 5-day price performance is -9.83%, and it has moved by 85.98% in 30 days. Based on these gigs, the overall price performance for the year is 86.11%. The short interest in Ocugen Inc (NASDAQ:OCGN) is 35.4 million shares and it means that shorts have 3.52 day(s) to cover.
Ocugen Inc (OCGN) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 40.00% this quarter and then jump 14.30% 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 63.63%. While earnings are projected to return 1.75% in 2024.
OCGN Dividends
Ocugen Inc is due to release its next quarterly earnings between May 03 and May 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ocugen Inc (NASDAQ:OCGN)’s Major holders
Ocugen Inc insiders own 1.45% of total outstanding shares while institutional holders control 10.34%, with the float percentage being 10.49%. Vanguard Group Inc is the largest shareholder of the company, while 81 institutions own stock in it. As of Jun 29, 2023, the company held over 11.81 million shares (or 4.60% of all shares), a total value of $6.41 million in shares.
The next largest institutional holding, with 4.08 million shares, is of Luminus Management, LLC’s that is approximately 1.59% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $2.22 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ocugen Inc (OCGN) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 7.6 million shares. This amounts to just over 2.96 percent of the company’s overall shares, with a $4.13 million market value. The same data shows that the other fund manager holds slightly less at 3.06 million, or about 1.19% of the stock, which is worth about $1.66 million.
