Ocugen Inc (NASDAQ:OCGN) shares traded -4.42% lower at $1.73 on Wall Street last session.
OCGN stock price is now 7.63% away from the 50-day moving average and 111.09% away from the 200-day moving average. The market capitalization of the company currently stands at $445.22M.
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With the price target maintained at $3.50, Chardan Capital Markets recently Upgraded its rating from Neutral to Buy for Ocugen Inc (NASDAQ: OCGN). On August 23, 2022, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $5, while ‘ROTH Capital’ rates the stock as ‘Buy’
In other news, Zhang Junge, Director bought 200,278 shares of the company’s stock on Jun 14 ’23. The stock was bought for $99,999 at an average price of $0.50. Upon completion of the transaction, the Director now directly owns 1,077,182 shares in the company, valued at $1.86 million. A total of 1.58% 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 0.23, a current ratio of 1.87, and a quick ratio of 1.87. The fifty day moving average price for OCGN is $1.6073 and a two-hundred day moving average price translates $0.826045 for the stock.
The latest earnings results from Ocugen Inc (NASDAQ: OCGN) was released for 2024-03-31. The net profit margin was -2475.48% and return on equity was -113.11% for OCGN. The company reported revenue of $1.01 million for the quarter, compared to $0.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 128.89 percent.
