Ocugen Inc (NASDAQ: OCGN) is -38.67% lower on its value in year-to-date trading and has touched a low of $0.51 and a high of $1.98 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 $1.14 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $1.11, the stock is 6.08% and 19.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.1 million and changing -2.63% at the moment leaves the stock 33.84% off its SMA200. OCGN registered 37.89% gain for a year compared to 6-month gain of 33.59%. The firm has a 50-day simple moving average (SMA 50) of $0.92852 and a 200-day simple moving average (SMA200) of $0.82932.
The stock witnessed a -4.31% loss in the last 1 month and extending the period to 3 months gives it a 65.77%, and is 14.43% 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 7.57% over the week and 8.44% over the month.
Ocugen Inc (OCGN) has around 95 employees, a market worth around $324.16M and $4.52M in sales. Profit margin for the company is -1160.86%. Distance from 52-week low is 115.53% and -43.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-111.69%).
The EPS is expected to shrink by -10.00% this year.
Ocugen Inc (OCGN) Top Institutional Holders
143.0 institutions hold shares in Ocugen Inc (OCGN), with institutional investors hold 26.91% of the company’s shares. The shares outstanding are 292.03M, and float is at 286.77M with Short Float at 22.04%. Institutions hold 26.48% 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 6.9632% 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 6.0311 of the shares outstanding. The other top investors are STATE STREET CORP which holds 14.78 million shares representing 5.7418% and valued at over $22.9 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.2945 of the shares totaling 5.9 million with a market value of $9.15 million.
Ocugen Inc (OCGN) Insider Activity
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Still, SEC filings show that on Nov 26 ’24, Fernandes Prabhavathi (Director) acquired 10,000 shares at an average price of $0.91 for $9095.0. The insider now directly holds 10,000 shares of Ocugen Inc (OCGN).
