Ocugen Inc (NASDAQ: OCGN) on November 20, 2023, started off the session at the price of $0.3858, soaring 5.43% from the previous trading day. During the day, the shares moved up to $0.4099 and dropped to $0.3793 before settling in for the closing price of $0.39. Within the past 52 weeks, OCGN’s price has moved between $0.34 and $1.67.
Annual sales at Healthcare sector company slipped by -20.00% over the past five years. The company achieved an average annual earnings per share of 23.03%. With a float of $250.53 million, this company’s outstanding shares have now reached $256.50 million.
Let’s look at the performance matrix of the company that is accounted for 84 employees.
Ocugen Inc (OCGN) Insider and Institutional Ownership
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Ocugen Inc is 2.33%, while institutional ownership is 13.00%. The most recent insider transaction that took place on Jun 14, was worth 99,999. In this transaction Director of this company bought 200,278 shares at a rate of $0.50, taking the stock ownership to the 1,077,182 shares. Before that another transaction happened on Feb 16, when Company’s Chief Executive Officer sold 100,000 for $1.08, making the entire transaction worth $108,000. This insider now owns 2,190,073 shares in total.
Ocugen Inc (OCGN) Latest Financial update
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.06 earnings per share (EPS) for the period topping the consensus outlook (set at -$0.07) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.03% per share during the next fiscal year.
Ocugen Inc (NASDAQ: OCGN) Trading Performance Indicators
Ocugen Inc (OCGN) is currently performing well based on its current performance indicators. A quick ratio of 5.08 was reported for the most recent quarter.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.32, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.28 in one year’s time.
Technical Analysis of Ocugen Inc (OCGN)
Ocugen Inc (NASDAQ: OCGN) saw its 5-day average volume 1.38 million, a negative change from its year-to-date volume of 5.28 million. As of the previous 9 days, the stock’s Stochastic %D was 73.14%. Additionally, its Average True Range was 0.02.
During the past 100 days, Ocugen Inc’s (OCGN) raw stochastic average was set at 23.43%, which indicates a significant decrease from 100.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.51% in the past 14 days, which was lower than the 54.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3968, while its 200-day Moving Average is $0.6177. Nevertheless, the first resistance level for the watch stands at $0.4201 in the near term. At $0.4303, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.4507. If the price goes on to break the first support level at $0.3895, it is likely to go to the next support level at $0.3691. The third support level lies at $0.3589 if the price breaches the second support level.
Ocugen Inc (NASDAQ: OCGN) Key Stats
Market capitalization of the company is 105.14 million based on 256,502K outstanding shares. Right now, sales total 0 K and income totals -81,350 K. The company made 0 K in profit during its latest quarter, and -14,160 K in sales during its previous quarter.