Ocugen Inc (NASDAQ:OCGN) traded at $1.88 at close of the session on Monday, April 08, made an upward move of 2.73% on its previous day’s price.
Looking at the stock we see that its previous close was $1.83 and the beta (5Y monthly) reads 3.68 . In terms of its 52-week price range, OCGN has a high of $2.11 and a low of $0.34. The company’s stock has gained about 86.14% over that past 30 days.
Ocugen Inc has a market cap of $482.22 million and is expected to release its quarterly earnings report on Mar 12, 2024 – Mar 17, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.06, with the EPS growth for the year raised at -$0.28 for 2023 and -$0.28 for next year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the OCGN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 38.49% off its SMA20 and 90.14% from its 50-day simple moving average. The RSI (14) is pointing at 69.85 while the volatility over the past week is 14.53% and jumps to 14.33% over the past one month. The beta value is 3.45, while the average true range (ATR) is currently pointing at 0.21.
Coming back to Ocugen Inc (NASDAQ:OCGN), we note that the average 3-month trading volume was 8.09 million, while that of the preceding 10-day period stands at 16.89 million. Current shares outstanding are 256.50 million.
The insiders hold 2.20% of the company’s shares while institutions hold 10.22%. The data shows that short shares as of Mar 15, 2024, stood at 35.4 million at a short ratio of 3.52. This represents a 13.80% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 24.36 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 226.96% up in year-to-date price movement.
