Ocugen Inc. (OCGN) is priced at $2.69 after the most recent trading session. At the very opening of the session, the stock price was $2.68 and reached a high price of $2.75, prior to closing the session it reached the value of $2.80. The stock touched a low price of $2.56.
Recently in News on January 8, 2021, Ocugen Inc. Regains Compliance with Nasdaq Bid Price Rule. Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to fight COVID-19, today received formal notification from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company has regained compliance with Listing Rule 5550(a)(2). You can read further details here
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Ocugen Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.50 on 01/04/21, with the lowest value was $2.40 for the same time period, recorded on 01/06/21.
Ocugen Inc. (OCGN) full year performance was 301.49%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Ocugen Inc. shares are logging -23.14% during the 52-week period from high price, and 1482.35% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.17 and $3.50.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 23254096 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Ocugen Inc. (OCGN) recorded performance in the market was 46.99%, having the revenues showcasing 693.98% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 453.70M, as it employees total of 16 workers.
Market experts do have their say about Ocugen Inc. (OCGN)
During the last month, 2 analysts gave the Ocugen Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 0.56, with a change in the price was noted +2.19. In a similar fashion, Ocugen Inc. posted a movement of +441.25% for the period of last 100 days, recording 32,005,500 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for OCGN is recording 0.22 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.13.
Technical breakdown of Ocugen Inc. (OCGN)
Raw Stochastic average of Ocugen Inc. in the period of last 50 days is set at 75.08%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 74.81%. In the last 20 days, the company’s Stochastic %K was 75.12% and its Stochastic %D was recorded 76.60%.
Bearing in mind the latest performance of Ocugen Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 46.99%. Additionally, trading for the stock in the period of the last six months notably improved by 1143.07%, alongside a boost of 301.49% for the period of the last 12 months. The shares increased approximately by 46.99% in the 7-day charts and went down by 789.26% in the period of the last 30 days. Common stock shares were driven by 693.98% during last recorded quarter.