Ocugen Inc (NASDAQ: OCGN) on Monday, plunged -7.15% from the previous trading day, before settling in for the closing price of $0.65. Within the past 52 weeks, OCGN’s price has moved between $0.60 and $2.11.
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Annual sales at Healthcare sector company grew by 10.65% over the past five years. The company achieved an average annual earnings per share of 23.08%. With a float of $285.71 million, this company’s outstanding shares have now reached $290.26 million.
Let’s look at the performance matrix of the company that is accounted for 65 employees. In terms of profitability, gross margin is 0.72%, operating margin of -531.15%, and the pretax margin is -532.51%.
Ocugen Inc (OCGN) Insider Updates
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Ocugen Inc is 1.80%, while institutional ownership is 24.78%. The most recent insider transaction that took place on Nov 26 ’24, was worth 9,095. In this transaction Director of this company bought 10,000 shares at a rate of $0.91, taking the stock ownership to the 10,000 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Director bought 25,000 for $0.91, making the entire transaction worth $22,848. This insider now owns 75,000 shares in total.
Ocugen Inc (OCGN) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 23.08% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.71% during the next five years compared to 41.20% growth over the previous five years of trading.
Ocugen Inc (NASDAQ: OCGN) Trading Performance Indicators
Ocugen Inc (OCGN) is currently performing well based on its current performance indicators. A quick ratio of 2.58 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 37.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.18, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.25 in one year’s time.
Technical Analysis of Ocugen Inc (OCGN)
Ocugen Inc (NASDAQ: OCGN) saw its 5-day average volume 3.67 million, a negative change from its year-to-date volume of 4.11 million. As of the previous 9 days, the stock’s Stochastic %D was 13.73%. Additionally, its Average True Range was 0.05.
During the past 100 days, Ocugen Inc’s (OCGN) raw stochastic average was set at 0.96%, which indicates a significant decrease from 3.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.43% in the past 14 days, which was higher than the 65.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7410, while its 200-day Moving Average is $1.1352. Nevertheless, the first resistance level for the watch stands at $0.6501 in the near term. At $0.6950, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.7201. If the price goes on to break the first support level at $0.5801, it is likely to go to the next support level at $0.5550. Assuming the price breaks the second support level, the third support level stands at $0.5101.
Ocugen Inc (NASDAQ: OCGN) Key Stats
Market capitalization of the company is 176.05 million based on 291,320K outstanding shares. Right now, sales total 6,040 K and income totals -63,080 K. The company made 1,140 K in profit during its latest quarter, and -12,970 K in sales during its previous quarter.
