On Monday, Ocugen Inc (NASDAQ: OCGN) opened lower -8.82% from the last session, before settling in for the closing price of $0.61. Price fluctuations for OCGN have ranged from $0.55 to $2.11 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 1.96% over the past five years. Company’s average yearly earnings per share was noted -23.75% at the time writing. With a float of $286.76 million, this company’s outstanding shares have now reached $291.37 million.
Let’s look at the performance matrix of the company that is accounted for 95 employees. In terms of profitability, gross margin is -123.95%, operating margin of -1350.36%, and the pretax margin is -1333.02%.
Ocugen Inc (OCGN) Insider Updates
A key investor’s attitude towards the stock of the Biotechnology industry is another important factor to consider. The insider ownership of Ocugen Inc is 1.80%, while institutional ownership is 24.69%. 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 -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -23.75% per share during the next fiscal year.
Ocugen Inc (NASDAQ: OCGN) Trading Performance Indicators
Check out the current performance indicators for Ocugen Inc (OCGN). In the past quarter, the stock posted a quick ratio of 2.86. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 40.12.
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 -0.25 in one year’s time.
Technical Analysis of Ocugen Inc (OCGN)
Ocugen Inc (NASDAQ: OCGN) saw its 5-day average volume 5.03 million, a positive change from its year-to-date volume of 4.21 million. As of the previous 9 days, the stock’s Stochastic %D was 35.18%. Additionally, its Average True Range was 0.05.
During the past 100 days, Ocugen Inc’s (OCGN) raw stochastic average was set at 1.10%, which indicates a significant decrease from 3.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.71% in the past 14 days, which was higher than the 68.91% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7228, while its 200-day Moving Average is $1.1026. Nevertheless, the first resistance level for the watch stands at $0.5910 in the near term. At $0.6256, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6461. If the price goes on to break the first support level at $0.5359, it is likely to go to the next support level at $0.5154. Assuming the price breaks the second support level, the third support level stands at $0.4808.
Ocugen Inc (NASDAQ: OCGN) Key Stats
There are currently 292,014K shares outstanding in the company with a market cap of 162.48 million. Presently, the company’s annual sales total 6,040 K according to its annual income of -63,080 K. Last quarter, the company’s sales amounted to 1,140 K and its income totaled -12,970 K.
