Is Ocugen Inc (OCGN) positioned for future growth?

With 5.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.82 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $1.83 whereas the lowest price it dropped to was $1.7214. The 52-week range on OCGN shows that it touched its highest point at $2.11 and its lowest point at $0.34 during that stretch. It currently has a 1-year price target of $6.67. Beta for the stock currently stands at 3.66.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OCGN was up-trending over the past week, with a rise of 11.08%, but this was up by 4.34% over a month. Three-month performance dropped to -3.99% while six-month performance rose 169.81%. The stock gained 222.32% in the past year, while it has gained 213.91% so far this year. A look at the trailing 12-month EPS for OCGN yields -0.24 with Next year EPS estimates of -0.29. For the next quarter, that number is -0.05. This implies an EPS growth rate of 16.67% for this year and -35.38% for next year.

Float and Shares Shorts:

At present, 256.57 million OCGN shares are outstanding with a float of 253.04 million shares on hand for trading. On 2024-06-14, short shares totaled 49.06 million, which was 1905.9999999999998 higher than short shares on 1715731200. In addition to Dr. Shankar Musunuri M.B.A., Ph.D. as the firm’s Co-Founder, CEO & Chairman, Dr. Uday B. Kompella Ph.D. serves as its Co-founder & Independent Director.

Institutional Ownership:

Through their ownership of 0.12841 of OCGN’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, OCGN reported revenue of $1014000.0 and operating income of -$12216000.0. The EBITDA in the recently reported quarter was -$12037000.0 and diluted EPS was -$0.05.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OCGN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.