Ocugen Inc (NASDAQ:OCGN) has a beta value of 3.81 and has seen 2.02 million shares traded in the recent trading session. The company, currently valued at $216.63M, closed the recent trade at $0.74 per share which meant it lost -$0.04 on the day or -4.67% during that session. The OCGN stock price is -185.14% off its 52-week high price of $2.11 and 32.43% above the 52-week low of $0.50. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.7 million shares traded. The 3-month trading volume is 4.85 million shares.
The consensus among analysts is that Ocugen Inc (OCGN) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.06.
Ocugen Inc (NASDAQ:OCGN) trade information
Sporting -4.67% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the OCGN stock price touched $0.74 or saw a rise of 9.75%. Year-to-date, Ocugen Inc shares have moved -7.63%, while the 5-day performance has seen it change 4.73%. Over the past 30 days, the shares of Ocugen Inc (NASDAQ:OCGN) have changed 0.47%. Short interest in the company has seen 52.26 million shares shorted with days to cover at 9.49.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 85.2% from the levels at last check today. The projected low price target is $3.5 while the price target rests at a high of $6.0. In that case, then, we find that the latest price level in today’s session is -710.81% off the targeted high while a plunge would see the stock gain -372.97% from the levels at last check today.
Ocugen Inc (OCGN) estimates and forecasts
Figures show that Ocugen Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -54.38% over the past 6 months, with this year growth rate of 23.08%, compared to 16.40% for the industry. Revenue growth from the last financial year stood is estimated to be -40.02%.
4 analysts offering their estimates for the company have set an average revenue estimate of 300k for the current quarter. Year-ago sales stood 1.42M and 1.01M respectively for this quarter and the next, and analysts expect sales will shrink by -78.86% for the current quarter and -40.02% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 41.20% over the past 5 years. Earnings growth for 2025 is a modest 22.12% while over the next 5 years, the company’s earnings are expected to increase by 6.14%.
OCGN Dividends
Ocugen Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Ocugen Inc (NASDAQ:OCGN)’s Major holders
Insiders own 1.27% of the company shares, while shares held by institutions stand at 27.53% with a share float percentage of 27.88%. Investors are also buoyed by the number of investors in a company, with Ocugen Inc having a total of 143.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 17.92 million shares worth more than $27.78 million. As of 2024-06-30, BLACKROCK INC. held 6.9665% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 15.52 million shares as of 2024-06-30. The firm’s total holdings are worth over $24.06 million and represent 6.0339% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF. As of Sep 30, 2024 , the former fund manager holds about 3.11% shares in the company for having 9.07 shares of worth $6.64 million while later fund manager owns 8.7 shares of worth $6.37 million as of Nov 30, 2024 , which makes it owner of about 2.99% of company’s outstanding stock.
