Ocugen Inc (OCGN) – key numbers that make it a Strong Buy For Now

Ocugen Inc (NASDAQ: OCGN) is 66.52% higher on its value in year-to-date trading and has touched a low of $0.35 and a high of $2.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OCGN stock was last observed hovering at around $0.95 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $0.96, the stock is 1.28% and -9.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.81 million and changing 0.86% at the moment leaves the stock -24.31% off its SMA200. OCGN registered 158.16% gain for a year compared to 6-month loss of -41.26%. The firm has a 50-day simple moving average (SMA 50) of $1.06376 and a 200-day simple moving average (SMA200) of $1.26276.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a -5.20% gain in the last 1 month and extending the period to 3 months gives it a -26.06%, and is -5.20% down 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 7.93% over the week and 6.31% over the month.

Ocugen Inc (OCGN) has around 65 employees, a market worth around $287.21M and $3.56M in sales. Profit margin for the company is -1328.51%. Distance from 52-week low is 172.79% and -54.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-214.97%).

with sales reaching $300k over the same period.The EPS is expected to grow by 18.27% this year, but quarterly earnings will post -54.40% year-over-year.

Ocugen Inc (OCGN) Top Institutional Holders

122.0 institutions hold shares in Ocugen Inc (OCGN), with institutional investors hold 24.25% of the company’s shares. The shares outstanding are 287.86M, and float is at 283.71M with Short Float at 18.30%. Institutions hold 23.91% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 17.92 million shares valued at $27.78 million. The investor’s holdings represent 6.9665% of the OCGN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 15.52 million shares valued at $24.06 million to account for 6.0339 of the shares outstanding. The other top investors are STATE STREET CORP which holds 14.78 million shares representing 5.7445% and valued at over $22.9 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.2956 of the shares totaling 5.9 million with a market value of $9.15 million.