In yesterday’s Wall Street session, Ocugen Inc (NASDAQ:OCGN) shares traded at $0.94, down -0.84% from the previous session.
OCGN stock price is now -17.76% away from the 50-day moving average and -24.45% away from the 200-day moving average. The market capitalization of the company currently stands at $270.33M.
With the price target of $4, Maxim Group recently initiated with Buy rating for Ocugen Inc (NASDAQ: OCGN). On March 01, 2023, Chardan Capital Markets Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $3.50, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, RAMESH KUMAR, Director bought 116,705 shares of the company’s stock on Aug 16 ’24. The stock was bought for $145,905 at an average price of $1.25. A total of 1.44% of the company’s stock is owned by insiders.
During the past 12 months, Ocugen Inc has had a low of $0.34 and a high of $2.11. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.04, and a quick ratio of 1.04. The fifty day moving average price for OCGN is $1.14902 and a two-hundred day moving average price translates $1.24121 for the stock.
The latest earnings results from Ocugen Inc (NASDAQ: OCGN) was released for 2024-06-30. The net profit margin was -1328.51% and return on equity was -120.03% for OCGN. The company reported revenue of $1.14 million for the quarter, compared to $0.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 135.26 percent.
