Ocugen Inc (NASDAQ:OCGN) price on Thursday, April 18, fall -8.33% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.32.
A look at the stock’s price movement, the close in the last trading session was $1.44. Turning to its 52-week performance, $2.11 and $0.34 were the 52-week high and 52-week low respectively. Overall, OCGN moved 20.00% over the past month.
Ocugen Inc’s market cap currently stands at around $339.66 million. Analysts project the company’s earnings per share (EPS) to be -$0.06, which has seen fiscal year 2024 EPS growth forecast to increase to -$0.28 and about -$0.26 for fiscal year 2025. Per the data, EPS growth is expected to be -7.70% for 2024 and 7.10% for the next financial year.
Analysts have a consensus estimate of -$ for the company’s revenue for the quarter, with a low and high estimate of -$ and -$ respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that OCGN is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
OCGN’s current price about -18.46% and 12.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.83, while 7-day volatility ratio is 12.81% and 15.19% in the 30-day chart. Further, Ocugen Inc (OCGN) has a beta value of 3.48, and an average true range (ATR) of 0.20.
If we refocus on Ocugen Inc (NASDAQ:OCGN), historical trading data shows that trading volumes averaged 8.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 256.57 million shares.
The 2.20% of Ocugen Inc’s shares are in the hands of company insiders while institutional holders own 10.20% of the company’s shares. Current price change has pushed the stock 129.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OCGN stock continues to rise going into the next quarter.
