Ocugen Inc. (NASDAQ:OCGN) shares traded lower over the last trading session, losing -1.83% on 06/01/21. The shares fell to a low of $8.26 before closing at $8.57. Intraday shares traded counted 19.84 million, which was 69.53% higher than its 30-day average trading volume of 65.13M. OCGN’s previous close was $8.73 while the outstanding shares total 186.30M. The firm has a beta of 4.51. The stock’s Relative Strength Index (RSI) is 47.95, with weekly volatility at 9.37% and ATR at 1.44. The OCGN stock’s 52-week price range has touched low of $0.17 and a $18.77 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 $1.69 billion, 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 44.79 million on their books with 0.37 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 an incline. In terms of their assets, the company currently has 51.36 million total, with 4.28 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 2.66 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, Kompella Uday sold 7,191 shares of the company’s stock in a transaction that recorded on May 28. The sale was performed at an average price of 8.82, for a total value of 63,417. As the sale deal closes, the Director, Fernandes Prabhavathi now sold 33,500 shares of the company’s stock, valued at 274,755. Also, Chief Financial Officer, Subramanian Sanjay sold 31,000 shares of the company’s stock in a deal that was recorded on May 14. The shares were price at an average price of 8.18 per share, with a total market value of 253,673. Following this completion of acquisition, the Senior Vice President, Tammara Vijay now holds 15,711 shares of the company’s stock, valued at 214,954. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
2 out of 4 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Ocugen Inc.. 0 analysts has assigned a Sell rating on the OCGN stock. The 12-month mean consensus price target for the company’s shares has been set at $7.75.