As on Wednesday, Ocugen Inc (NASDAQ: OCGN) got off with the flyer as it spiked 5.26% to $1.80, before settling in for the price of $1.71 at the close. Taking a more long-term approach, OCGN posted a 52-week range of $0.34-$2.11.
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Meanwhile, its Annual Earning per share during the time was 63.63%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 1.75%. This publicly-traded company’s shares outstanding now amounts to $256.50 million, simultaneously with a float of $250.87 million. The organization now has a market capitalization sitting at $461.70 million. At the time of writing, stock’s 50-day Moving Average stood at $1.0629, while the 200-day Moving Average is $0.6161.
Ocugen Inc (OCGN) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Biotechnology industry. Ocugen Inc’s current insider ownership accounts for 2.20%, in contrast to 10.22% institutional ownership. According to the most recent insider trade that took place on Jun 14 ’23, this organization’s Director bought 200,278 shares at the rate of 0.50, making the entire transaction reach 99,999 in total value, affecting insider ownership by 1,077,182.
Ocugen Inc (OCGN) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.06 earnings per share (EPS) for the quarter, besting the agreed prediction (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.
Ocugen Inc’s EPS increase for this current 12-month fiscal period is 1.75% and is forecasted to reach -0.26 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 5.08. The Stock has managed to achieve an average true range (ATR) of 0.21.
In the same vein, OCGN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.32, a figure that is expected to reach -0.07 in the next quarter, and analysts are predicting that it will be -0.26 at the market close of one year from today.
Technical Analysis of Ocugen Inc (OCGN)
Through scrutinizing the latest numbers posted by the [Ocugen Inc, OCGN], it can be observed that its last 5-days Average volume of 12.93 million was better the volume of 8.28 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 61.71% While, its Average True Range was 0.2241.
Raw Stochastic average of Ocugen Inc (OCGN) in the period of the previous 100 days is set at 82.52%, which indicates a major rise in contrast to 62.11% 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 153.46% that was higher than 112.64% volatility it exhibited in the past 100-days period.
