In the last trading session, 4.14 million shares of the Ocugen Inc (NASDAQ:OCGN) were traded, and its beta was 3.88. Most recently the company’s share price was $0.70, and it changed around -$0.01 or -1.74% from the last close, which brings the market valuation of the company to $203.66M. OCGN currently trades at a discount to its 52-week high of $2.11, offering almost -201.43% off that amount. The share price’s 52-week low was $0.52, which indicates that the current value has risen by an impressive 25.71% since then. We note from Ocugen Inc’s average daily trading volume that its 10-day average is 3.03 million shares, with the 3-month average coming to 4.72 million.
Ocugen Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended OCGN as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Ocugen Inc is expected to report earnings per share of -0.06 for the current quarter.
Ocugen Inc (NASDAQ:OCGN) trade information
Instantly OCGN has showed a red trend with a performance of -1.74% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.7799 on recent trading dayincreased the stock’s daily price by 10.24%. The company’s shares are currently down -13.04% year-to-date, but still down -2.82% over the last five days. On the other hand, Ocugen Inc (NASDAQ:OCGN) is -15.75% down in the 30-day period. We can see from the shorts that 56.11 million shares have been sold at a short interest cover period of 8.85 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 86.0% from its current value. Analyst projections state that OCGN is forecast to be at a low of $3.5 and a high of $6.
Ocugen Inc (OCGN) estimates and forecasts
The year-over-year growth rate is expected to be -40.02%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 300k in revenue for the current quarter. The company’s sales for the same quarters a year ago were 1.42M and 1.01M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -78.86%. Forecasts for the next quarter put sales growth at -100.00%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 41.20%. Ocugen Inc earnings are expected to increase by 22.12% in 2025, but the outlook is positive 6.14% per year for the next five years.
OCGN Dividends
Ocugen Inc’s next quarterly earnings report is expected to be released in March.
Ocugen Inc (NASDAQ:OCGN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.28% of Ocugen Inc shares, and 25.01% of them are in the hands of institutional investors. The stock currently has a share float of 25.34%. Ocugen Inc stock is held by 147.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 6.9665% of the shares, which is about 17.92 million shares worth $27.78 million.
VANGUARD GROUP INC, with 6.0339% or 15.52 million shares worth $24.06 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 9.07 shares worth $6.35 million, making up 3.11% of all outstanding shares. On the other hand, SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF held roughly 8.7 shares worth around $6.09 million, which represents about 2.99% of the total shares outstanding.
