Ocugen Inc (NASDAQ: OCGN) kicked off on Friday, up 3.49% from the previous trading day, before settling in for the closing price of $0.89. Over the past 52 weeks, OCGN has traded in a range of $0.34-$2.11.
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Annual sales at Healthcare sector company grew by 8.52% over the past five years. While this was happening, its average annual earnings per share was recorded 18.27%. With a float of $283.71 million, this company’s outstanding shares have now reached $287.86 million.
Let’s look at the performance matrix of the company that is accounted for 65 employees. In terms of profitability, gross margin is 86.41%, operating margin of -631.33%, and the pretax margin is -620.91%.
Ocugen Inc (OCGN) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Ocugen Inc is 1.44%, while institutional ownership is 23.97%. The most recent insider transaction that took place on Aug 16 ’24, was worth 145,905.
Ocugen Inc (OCGN) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.06 earnings per share (EPS), higher than consensus estimate (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 18.27% per share during the next fiscal year.
Ocugen Inc (NASDAQ: OCGN) Trading Performance Indicators
Take a look at Ocugen Inc’s (OCGN) current performance indicators. Last quarter, stock had a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 74.76.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.18, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach -0.26 in one year’s time.
Technical Analysis of Ocugen Inc (OCGN)
Ocugen Inc (NASDAQ: OCGN) saw its 5-day average volume 2.82 million, a negative change from its year-to-date volume of 6.25 million. As of the previous 9 days, the stock’s Stochastic %D was 13.82%. Additionally, its Average True Range was 0.06.
During the past 100 days, Ocugen Inc’s (OCGN) raw stochastic average was set at 3.18%, which indicates a significant decrease from 28.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.89% in the past 14 days, which was lower than the 71.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0928, while its 200-day Moving Average is $1.2528. Nevertheless, the first resistance level for the watch stands at $0.9763 in the near term. At $1.0281, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.0662. If the price goes on to break the first support level at $0.8864, it is likely to go to the next support level at $0.8483. The third support level lies at $0.7965 if the price breaches the second support level.
Ocugen Inc (NASDAQ: OCGN) Key Stats
The company with the Market Capitalisation of 266.16 million has total of 257,354K Shares Outstanding. Its annual sales at the moment are 6,040 K in contrast with the sum of -63,080 K annual income. Company’s last quarter sales were recorded 1,140 K and last quarter income was -15,280 K.
