In recent trading session, Ocugen Inc (NASDAQ:OCGN) saw 2.28 million shares changing hands at last check today with its beta currently measuring 3.87. Company’s recent per share price level of $1.09 trading at $0.1 or 9.89% at last check today assigns it a market valuation of $313.77M. That most recent trading price of OCGN’s stock is at a discount of -93.58% from its 52-week high price of $2.11 and is indicating a premium of 67.89% from its 52-week low price of $0.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.52 million shares which gives us an average trading volume of 3.48 million if we extend that period to 3-months.
For Ocugen Inc (OCGN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.05 in the current quarter.
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Ocugen Inc (NASDAQ:OCGN) trade information
Ocugen Inc’s shares saw a change of 89.57% in year-to-date performance and have moved 19.65% in past 5-day. Ocugen Inc (NASDAQ:OCGN) showed a performance of 14.87% in past 30-days. Number of shares sold short was 51.92 million shares which calculate 14.1 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 78.2% to its recent value today. Analysts have been projecting 3.5 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -221.1% in reaching the projected high whereas dropping to the targeted low would mean a loss of -221.1% for stock’s current value.
Ocugen Inc (OCGN) estimates and forecasts
Statistics highlight that Ocugen Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -34.73% of value to its shares in past 6 months, showing an annual growth rate of 23.08% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -54.40% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 300k for the same. And 3 analysts are in estimates of company making revenue of 400k in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 41.20% during past 5 years.
Ocugen Inc (NASDAQ:OCGN)’s Major holders
Insiders are in possession of 1.41% of company’s total shares while institution are holding 24.48 percent of that, with stock having share float percentage of 24.83%. Investors also watch the number of corporate investors in a company very closely, which is 24.48% institutions for Ocugen Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at OCGN for having 17.92 million shares of worth $27.78 million. And as of 2024-06-30, it was holding 6.9665 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 15.52 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.0339 of outstanding shares, having a total worth of $24.06 million.
