What should you know before buying stock in Ocugen Inc (OCGN)

Ocugen Inc (NASDAQ: OCGN) is 58.47% higher on its value in year-to-date trading and has touched a low of $0.36 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 $0.94 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $0.91, the stock is -5.72% and -9.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.19 million and changing -2.92% at the moment leaves the stock -29.22% off its SMA200. OCGN registered 151.85% gain for a year compared to 6-month loss of -52.54%. The firm has a 50-day simple moving average (SMA 50) of $1.01202 and a 200-day simple moving average (SMA200) of $1.2854.

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The stock witnessed a -3.06% gain in the last 1 month and extending the period to 3 months gives it a -24.69%, and is -14.84% 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 9.19% over the week and 7.91% over the month.

Ocugen Inc (OCGN) has around 65 employees, a market worth around $249.15M and $4.70M in sales. Profit margin for the company is -982.04%. Distance from 52-week low is 153.11% and -56.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-101.17%).

The EPS is expected to grow by 22.12% this year.

Ocugen Inc (OCGN) Top Institutional Holders

144.0 institutions hold shares in Ocugen Inc (OCGN), with institutional investors hold 27.91% of the company’s shares. The shares outstanding are 291.32M, and float is at 287.12M with Short Float at 17.64%. Institutions hold 27.52% 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.