Ocugen Inc. (NASDAQ: OCGN) open the trading on March 16, 2023, with great promise as it jumped 9.63% to $1.01. During the day, the stock rose to $1.02 and sunk to $0.9013 before settling in for the price of $0.92 at the close. Taking a more long-term approach, OCGN posted a 52-week range of $0.85-$4.03.
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Meanwhile, its Annual Earning per share during the time was 63.60%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -26.70%. This publicly-traded company’s shares outstanding now amounts to $220.13 million, simultaneously with a float of $215.47 million. The organization now has a market capitalization sitting at $220.36 million. At the time of writing, stock’s 50-day Moving Average stood at $1.1297, while the 200-day Moving Average is $1.8258.
Ocugen Inc. (OCGN) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Biotechnology industry. Ocugen Inc.’s current insider ownership accounts for 0.40%, in contrast to 37.90% institutional ownership. According to the most recent insider trade that took place on Feb 16, this organization’s Chief Executive Officer sold 100,000 shares at the rate of 1.08, making the entire transaction reach 108,000 in total value, affecting insider ownership by 2,190,073. Preceding that transaction, on Jan 17, Company’s Chief Executive Officer sold 100,000 for 1.28, making the whole transaction’s value amount to 128,000. This particular insider is now the holder of 2,227,950 in total.
Ocugen Inc. (OCGN) Earnings and Revenue Records
So, what does the last quarter earnings report of the company that was made public on 9/29/2022 suggests? It has posted -$0.1 earnings per share (EPS) beating the forecaster’s viewpoint (set at -$0.1) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.11 per share during the current fiscal year.
Ocugen Inc.’s EPS decrease for this current 12-month fiscal period is -26.70% and is forecasted to reach -0.47 in the upcoming year.
Ocugen Inc. (NASDAQ: OCGN) Trading Performance Indicators
Let’s observe the current performance indicators for Ocugen Inc. (OCGN). It’s Quick Ratio in the last reported quarter now stands at 5.30. The Stock has managed to achieve an average true range (ATR) of 0.07.
In the same vein, OCGN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.38, a figure that is expected to reach -0.11 in the next quarter, and analysts are predicting that it will be -0.47 at the market close of one year from today.
Technical Analysis of Ocugen Inc. (OCGN)
[Ocugen Inc., OCGN] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 56.27% While, its Average True Range was 0.0704.
Raw Stochastic average of Ocugen Inc. (OCGN) in the period of the previous 100 days is set at 16.10%, which indicates a major fall in contrast to 80.49% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 62.65% that was lower than 76.69% volatility it exhibited in the past 100-days period.