While Ocugen Inc has underperformed by -4.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OCGN rose by 128.59%, with highs and lows ranging from $2.11 to $0.36, whereas the simple moving average fell by -30.50% in the last 200 days.
On October 15, 2024, Maxim Group started tracking Ocugen Inc (NASDAQ: OCGN) recommending Buy. A report published by Chardan Capital Markets on March 01, 2023, Upgraded its rating to ‘Buy’ for OCGN. Mizuho also rated OCGN shares as ‘Buy’, setting a target price of $5 on the company’s shares in an initiating report dated August 23, 2022. ROTH Capital Initiated an Buy rating on June 15, 2022, and assigned a price target of $8. Cantor Fitzgerald initiated its ‘Overweight’ rating for OCGN, as published in its report on June 02, 2022. ROTH Capital also rated the stock as ‘Neutral’.
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Analysis of Ocugen Inc (OCGN)
One of the most important indicators of Ocugen Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -103.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.58, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and OCGN is recording 3.66M average volume. On a monthly basis, the volatility of the stock is set at 7.54%, whereas on a weekly basis, it is put at 6.16%, with a loss of -1.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.25, showing growth from the present price of $0.91, which can serve as yet another indication of whether OCGN is worth investing in or should be passed over.
How Do You Analyze Ocugen Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.45%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 27.54% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OCGN shares are owned by institutional investors to the tune of 27.54% at present.
