With 3.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.58 million shares. The 52-week range on OCGN shows that it touched its highest point at $2.11 and its lowest point at $0.60 during that stretch. It currently has a 1-year price target of $6.50. Beta for the stock currently stands at 3.91.
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 down-trending over the past week, with a drop of -4.16%, but this was down by -11.91% over a month. Three-month performance dropped to -29.33% while six-month performance fell -51.00%. The stock lost -34.17% in the past year, while it has lost -19.04% so far this year. A look at the trailing 12-month EPS for OCGN yields -0.18 with Next year EPS estimates of -0.25. For the next quarter, that number is -0.05. This implies an EPS growth rate of 23.08% for this year and -25.00% for next year. EPS is expected to grow by 4.71% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 41.20%.
Float and Shares Shorts:
At present, 290.26 million OCGN shares are outstanding with a float of 285.71 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OCGN since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.18 being high and -$0.22 being low. For OCGN, this leads to a yearly average estimate of -$0.2. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.05.
