Ocugen Inc (NASDAQ: OCGN) is 57.43% 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 -5.40% and -5.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.67 million and changing -4.09% at the moment leaves the stock -30.50% off its SMA200. OCGN registered 128.59% gain for a year compared to 6-month loss of -49.43%. The firm has a 50-day simple moving average (SMA 50) of $0.961 and a 200-day simple moving average (SMA200) of $1.3026.
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The stock witnessed a -4.65% gain in the last 1 month and extending the period to 3 months gives it a -21.97%, and is -1.84% 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 6.16% over the week and 7.54% over the month.
Ocugen Inc (OCGN) has around 65 employees, a market worth around $263.70M and $4.70M in sales. Profit margin for the company is -982.04%. Distance from 52-week low is 151.44% and -57.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-101.17%).
with sales reaching $300k over the same period.The EPS is expected to grow by 22.12% this year, but quarterly earnings will post -40.02% year-over-year. Quarterly sales are estimated to shrink -78.86% in year-over-year returns.
Ocugen Inc (OCGN) Top Institutional Holders
145.0 institutions hold shares in Ocugen Inc (OCGN), with institutional investors hold 27.92% of the company’s shares. The shares outstanding are 290.26M, and float is at 287.09M with Short Float at 18.95%. Institutions hold 27.53% 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.
Ocugen Inc (OCGN) Insider Activity
The most recent transaction is an insider purchase by Fernandes Prabhavathi, the company’s Director. SEC filings show that Fernandes Prabhavathi bought 10,000 shares of the company’s common stock on Nov 26 ’24 at a price of $0.91 per share for a total of $9095.0. Following the purchase, the insider now owns 10000.0 shares.
Ocugen Inc disclosed in a document filed with the SEC on Nov 22 ’24 that Castillo Kirsten (Director) bought a total of 25,000 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $0.91 per share for $22848.0. Following the transaction, the insider now directly holds 75000.0 shares of the OCGN stock.
Still, SEC filings show that on Aug 16 ’24, RAMESH KUMAR (Director) Proposed Sale 116,705 shares at an average price of $1.25 for $0.15 million. The insider now directly holds shares of Ocugen Inc (OCGN).
