Ocugen Inc (NASDAQ:OCGN) price closed higher on Monday, May 06, jumping 22.56% above its previous close.
A look at the daily price movement shows that the last close reads $1.33. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.11 and 52-week low of $0.34. The stock subtracted -10.93% on its value in the past month.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give OCGN a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that OCGN’s price is at present 12.69% off the SMA20 and 24.95% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 60.27, with weekly volatility standing at 11.90%. The indicator jumps to 11.83% when calculated based on the past 30 days. Ocugen Inc (NASDAQ:OCGN)’s beta value is holding at 3.57, while the average true range (ATR) indicator is currently reading 0.17.
An analysis of the Ocugen Inc (NASDAQ:OCGN) stock in terms of its daily trading volume indicates that the 3-month average is 9.68 million.
Current records show that the company has 256.57M in outstanding shares. The insiders’ percentage holdings are 2.20% of outstanding shares while the percentage share held by institutions stands at 10.21%. But the 183.48% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
