Ocugen Inc (NASDAQ:OCGN)’s traded shares stood at 0.67 million during the latest session, with the company’s beta value hitting 3.75. At the last check today, the stock’s price was $1.22, to imply an increase of 1.25% or $0.02 in intraday trading. The OCGN share’s 52-week high remains $2.11, putting it -72.95% down since that peak but still an impressive 72.13% since price per share fell to its 52-week low of $0.34. The company has a valuation of $349.75M, with an average of 3.15 million shares in intraday trading volume over the past 10 days and average of 5.44 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Ocugen Inc (OCGN), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give OCGN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy.
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Ocugen Inc (NASDAQ:OCGN) trade information
After registering a 1.25% upside in the latest session, Ocugen Inc (OCGN) has traded red over the past five days. The 5-day price performance for the stock is 6.58%, and -5.08% over 30 days. With these gigs, the year-to-date price performance is 111.30%. Short interest in Ocugen Inc (NASDAQ:OCGN) saw shorts transact 51.23 million shares and set a 10.26 days time to cover.
The extremes give us $3.5 and $6 for target low and target high price respectively. As such, OCGN has been trading -391.8% off suggested target high and -186.89% from its likely low.
Ocugen Inc (OCGN) estimates and forecasts
Looking at statistics comparing Ocugen Inc share performance against respective industry, we note that the company has outperformed competitors. Ocugen Inc (OCGN) shares are 19.12% up over the last 6 months, with its year-to-date growth rate higher than industry average at 23.08% against 17.20%.
OCGN Dividends
Ocugen Inc has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Ocugen Inc (NASDAQ:OCGN)’s Major holders
Ocugen Inc insiders hold 1.41% of total outstanding shares, with institutional holders owning 23.52% of the shares at 23.86% float percentage. In total, 23.52% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 17.92 million shares (or 6.9665% of shares), all amounting to roughly $27.78 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 15.52 million shares, or about 6.0339% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $24.06 million.
