In the latest trading session,, 0.57 million Ocugen Inc (NASDAQ:OCGN) shares changed hands as the company’s beta touched 3.74. With the company’s most recent per share price at $1.20 changed hands at -$0.05 or -4.40% at last look, the market valuation stands at $343.99M. OCGN’s current price is a discount, trading about -75.83% off its 52-week high of $2.11. The share price had its 52-week low at $0.34, which suggests the last value was 71.67% up since then. When we look at Ocugen Inc’s average trading volume, we note the 10-day average is 3.66 million shares, with the 3-month average coming to 5.51 million.
Analysts gave the Ocugen Inc (OCGN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended OCGN as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Ocugen Inc’s EPS for the current quarter is expected to be -0.04.
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Ocugen Inc (NASDAQ:OCGN) trade information
Instantly OCGN was in red as seen in intraday trades today. With action -1.24%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 107.83%, with the 5-day performance at -1.24% in the red. However, in the 30-day time frame, Ocugen Inc (NASDAQ:OCGN) is -4.40% down. Looking at the short shares, we see there were 51.27 million shares sold at short interest cover period of 9.95 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 76.0% from its recent market value. According to analyst projections, OCGN’s forecast low is 3.5 with 6 as the target high. To hit the forecast high, the stock’s price needs a -400.0% plunge from its current level, while the stock would need to soar -191.67% for it to hit the projected low.
Ocugen Inc (OCGN) estimates and forecasts
Data shows that the Ocugen Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 26.82% over the past 6 months, a 23.08% in annual growth rate that is considerably higher than the industry average of 17.60%. Year-over-year growth is forecast to reach -51.10% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 400k. 2 analysts are of the opinion that Ocugen Inc’s revenue for the current quarter will be 600k. The estimates for the next quarter sales put growth at -90.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 41.20%. The 2024 estimates are for Ocugen Inc earnings to increase by 23.08%.
Ocugen Inc (NASDAQ:OCGN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.41% of Ocugen Inc shares while 23.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 23.86%. There are 23.52% institutions holding the Ocugen Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.9665% of the shares, roughly 17.92 million OCGN shares worth $27.78 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.0339% or 15.52 million shares worth $24.06 million as of 2024-06-30.
