Let’s start up with the current stock price of Ocugen Inc. (OCGN), which is $12.67 to be very precise. The Stock rose vividly during the last session to $13.37 after opening rate of $11.45 while the lowest price it went was recorded $11.39 before closing at $11.96.
Recently in News on April 28, 2021, Ocugen Inc. Announces Closing of $100 Million Registered Direct Offering of Common Stock Priced at a Premium to Market. Ocugen, Inc. (Nasdaq: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness diseases and developing a vaccine to save lives from COVID-19, today announced that it has closed the previously announced registered direct offering with healthcare-focused institutional investors for the sale of an aggregate of 10 million shares of its common stock at a purchase price of $10 per share. You can read further details here
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 $18.77 on 02/08/21, with the lowest value was $1.40 for the same time period, recorded on 01/27/21.
Ocugen Inc. (OCGN) full year performance was 3947.92%
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 -32.50% during the 52-week period from high price, and 7352.94% 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 $18.77.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 164400928 for the day, which was evidently higher, 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 592.35%, having the revenues showcasing 615.82% 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 2.37B, as it employees total of 15 workers.
Market experts do have their say about Ocugen Inc. (OCGN)
During the last month, 0 analysts gave the Ocugen Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 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 5.91, with a change in the price was noted +12.36. In a similar fashion, Ocugen Inc. posted a movement of +3,989.74% for the period of last 100 days, recording 79,016,125 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 0.09 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.08.
Technical breakdown of Ocugen Inc. (OCGN)
Raw Stochastic average of Ocugen Inc. in the period of last 50 days is set at 84.34%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 88.35%. In the last 20 days, the company’s Stochastic %K was 79.75% 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 592.35%. Additionally, trading for the stock in the period of the last six months notably improved by 4273.49%, alongside a boost of 3947.92% for the period of the last 12 months. The shares increased approximately by 31.57% in the 7-day charts and went down by 86.60% in the period of the last 30 days. Common stock shares were driven by 615.82% during last recorded quarter.