Ocugen Inc Stock Price on May 28, 2024
| OCGN Stock | USD 0.85 0.04 4.94% |
Below is the normalized historical share price chart for Ocugen Inc extending back to December 03, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ocugen stands at 0.85, as last reported on the 29th of December, with the highest price reaching 0.87 and the lowest price hitting 0.79 during the day.
If you're considering investing in Ocugen Stock, it is important to understand the factors that can impact its price. Ocugen Inc maintains Sharpe Ratio (i.e., Efficiency) of -0.0352, which implies the firm had a -0.0352% return per unit of risk over the last 3 months. Ocugen Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Ocugen's Risk Adjusted Performance of (0.03), variance of 17.96, and Coefficient Of Variation of (2,247) to confirm the risk estimate we provide.
At this time, Ocugen's Common Stock Total Equity is very stable compared to the past year. As of the 29th of December 2024, Common Stock Shares Outstanding is likely to grow to about 256.5 M, while Total Stockholder Equity is likely to drop about 22.2 M. . At this time, Ocugen's Price Book Value Ratio is very stable compared to the past year. As of the 29th of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.08, while Price To Sales Ratio is likely to drop 22.11. Ocugen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of December 2014 | 200 Day MA 1.2917 | 50 Day MA 0.9087 | Beta 3.766 |
Ocugen |
Sharpe Ratio = -0.0352
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Estimated Market Risk
| 4.26 actual daily | 37 63% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Ocugen is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ocugen by adding Ocugen to a well-diversified portfolio.
Price Book 6.063 | Enterprise Value Ebitda (1.95) | Price Sales 52.4128 | Shares Float 283.9 M | Wall Street Target Price 6.25 |
Related Headline
Enveric Biosciences Headline on 28th of May 2024
Insider Trading by Dewitt Sheila Filed transaction by Enveric Biosciences Executive. Insider Public Trading |
Ocugen Valuation on May 28, 2024
It is possible to determine the worth of Ocugen on a given historical date. On May 28, 2024 Ocugen was worth 1.75 at the beginning of the trading date compared to the closed value of 1.71. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ocugen stock. Still, in general, we apply an absolute valuation method to find Ocugen's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ocugen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ocugen's related companies.
| Open | High | Low | Close | Volume | |
| 1.78 | 1.82 | 1.71 | 1.75 | 3,667,229 | |
05/28/2024 | 1.75 | 1.79 | 1.62 | 1.71 | 5,474,849 |
| 1.65 | 1.69 | 1.56 | 1.63 | 4,495,999 |
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Ocugen Trading Date Momentum on May 28, 2024
| On May 29 2024 Ocugen Inc was traded for 1.63 at the closing time. The top price for the day was 1.69 and the lowest listed price was 1.56 . The trading volume for the day was 4.5 M. The trading history from May 29, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 4.68% . The trading delta at closing time against the current closing price is 1.17% . |
Ocugen Inc Fundamentals Correlations and Trends
By evaluating Ocugen's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ocugen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ocugen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ocugen Stock history
Ocugen investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ocugen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocugen Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ocugen stock prices may prove useful in developing a viable investing in Ocugen
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 244.3 M | 256.5 M | |
| Net Loss | -73.2 M | -69.6 M |
Ocugen Quarterly Net Working Capital |
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Ocugen Stock Technical Analysis
Ocugen technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Ocugen Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
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Ocugen December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Ocugen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocugen shares will generate the highest return on investment. By undertsting and applying Ocugen stock market strength indicators, traders can identify Ocugen Inc entry and exit signals to maximize returns
Ocugen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocugen's price direction in advance. Along with the technical and fundamental analysis of Ocugen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocugen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.32) | |||
| Treynor Ratio | 0.7182 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocugen Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ocugen. If investors know Ocugen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ocugen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.19) | Revenue Per Share 0.018 | Quarterly Revenue Growth 1.353 | Return On Assets (0.48) | Return On Equity (1.03) |
The market value of Ocugen Inc is measured differently than its book value, which is the value of Ocugen that is recorded on the company's balance sheet. Investors also form their own opinion of Ocugen's value that differs from its market value or its book value, called intrinsic value, which is Ocugen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ocugen's market value can be influenced by many factors that don't directly affect Ocugen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ocugen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocugen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocugen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.