Ocugen Inc. (NASDAQ:OCGN) previous close was $0.32 while the outstanding shares total 162.03M. The firm has a beta of 2.41. OCGN’s shares traded higher over the last trading session, gaining 6.58% on 12/01/20. The shares fell to a low of $0.3201 before closing at $0.34. Intraday shares traded counted 41.99 million, which was -418.37% lower than its 30-day average trading volume of 8.10M. The stock’s Relative Strength Index (RSI) is 64.25, with weekly volatility at 8.83% and ATR at 0.02. The OCGN stock’s 52-week price range has touched low of $0.17 and a $0.96 high.
Investors have identified the Biotechnology company Ocugen Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $53.83 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Ocugen Inc. (OCGN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For OCGN, the company has in raw cash 19.11 million on their books with 1.21 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 19759000 million total, with 4131000 million as their total liabilities.
OCGN were able to record -10.48 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 11.66 million. In cash movements, the company had a total of -10.43 million as operating cash flow.
Having a look at the company’s valuation, the company is expected to record -1.48 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OCGN sounds very interesting.
Is the stock of OCGN attractive?
In related news, Director, Castillo Kirsten bought 75,000 shares of the company’s stock in a transaction that recorded on May 28. The purchase was performed at an average price of 0.31, for a total value of 23,498. As the purchase deal closes, the Chief Executive Officer, Musunuri Shankar now bought 143,000 shares of the company’s stock, valued at 50,050. Also, Chief Executive Officer, Musunuri Shankar bought 263,000 shares of the company’s stock in a deal that was recorded on Dec 11. The shares were cost at an average price of 0.41 per share, with a total market value of 107,830. Following this completion of disposal, the Director, Zhang Junge now holds 220,000 shares of the company’s stock, valued at 96,800. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.