These Numbers Show Favorable Signs for Ocugen Inc (OCGN)

Ocugen Inc (NASDAQ: OCGN) is -60.08% lower on its value in year-to-date trading and has touched a low of $0.34 and a high of $1.55 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OCGN stock was last observed hovering at around $0.45 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $0.52, the stock is 33.89% and 34.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.7 million and changing 15.33% at the moment leaves the stock -4.31% off its SMA200. OCGN registered -59.77% loss for a year compared to 6-month loss of 2.85%. The firm has a 200-day simple moving average (SMA200) of -$0.85.

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The stock witnessed a 31.36% gain in the last 1 month and extending the period to 3 months gives it a 28.05%, and is 39.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.44% over the week and 5.38% over the month.

Ocugen Inc (OCGN) has around 84 employees, a market worth around $133.12M and $0.00M in sales. Distance from 52-week low is 50.43% and -66.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-119.78%).

Ocugen Inc (OCGN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Ocugen Inc (OCGN) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to grow by 25.44% this year.

Ocugen Inc (OCGN) Top Institutional Holders

The shares outstanding are 256.50M, and float is at 250.57M with Short Float at 9.51%.

Ocugen Inc (OCGN) Insider Activity

The most recent transaction is an insider purchase by Zhang Junge,the company’sDirector. SEC filings show that Zhang Junge bought 200,278 shares of the company’s common stock on Jun 14 at a price of $0.50 per share for a total of $99999.0. Following the purchase, the insider now owns 1.08 million shares.

Ocugen Inc disclosed in a document filed with the SEC on Feb 16 that Musunuri Shankar (Chief Executive Officer) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $1.08 per share for $0.11 million. Following the transaction, the insider now directly holds 2.19 million shares of the OCGN stock.

Still, SEC filings show that on Jan 17, Musunuri Shankar (Chief Executive Officer) disposed off 100,000 shares at an average price of $1.28 for $0.13 million. The insider now directly holds 2,227,950 shares of Ocugen Inc (OCGN).