In today’s recent session, 0.52 million shares of the Ocugen Inc (NASDAQ:OCGN) have been traded, and its beta is 3.89. Most recently the company’s share price was $0.62, and it changed around $0.02 or 2.98% from the last close, which brings the market valuation of the company to $181.81M. OCGN at last check was trading at a discount to its 52-week high of $2.11, offering almost -240.32% off that amount. The share price’s 52-week low was $0.51, which indicates that the recent value has risen by an impressive 17.74% since then. We note from Ocugen Inc’s average daily trading volume that its 10-day average is 3.66 million shares, with the 3-month average coming to 4.19 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 (NASDAQ:OCGN) trade information
Instantly OCGN has been showing a green trend so far today with a performance of 2.98% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.6299 on recent trading dayincreased the stock’s daily price by 1.57%. The company’s shares are currently down -22.66% year-to-date, but still up 8.73% over the last five days. On the other hand, Ocugen Inc (NASDAQ:OCGN) is -8.44% down in the 30-day period. We can see from the shorts that 63.67 million shares have been sold at a short interest cover period of 18.84 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 87.6% 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 (NASDAQ:OCGN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.27% of Ocugen Inc shares, and 24.84% of them are in the hands of institutional investors. The stock currently has a share float of 25.16%. Ocugen Inc stock is held by 149.0 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 iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 9.07 shares worth $5.62 million, making up 3.11% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 7.76 shares worth around $4.81 million, which represents about 2.66% of the total shares outstanding.
