The stock of Ocugen Inc (NASDAQ:OCGN) last traded at $0.92, up 5.14% from the previous session.
OCGN stock price is now -7.38% away from the 50-day moving average and -28.86% away from the 200-day moving average. The market capitalization of the company currently stands at $267.58M.
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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 $0.36 and a high of $2.11. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 2.58, and a quick ratio of 2.58. The fifty day moving average price for OCGN is $0.99792 and a two-hundred day moving average price translates $1.289165 for the stock.
The latest earnings results from Ocugen Inc (NASDAQ: OCGN) was released for 2024-09-30. The net profit margin was -982.04% and return on equity was -103.30% for OCGN. The company reported revenue of $1.14 million for the quarter, compared to $3.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -69.29 percent.
