Ocugen Inc. (NASDAQ: OCGN) was one of the biggest movers in the recent trading session, with the company’s stock currently changing hands at 0.07 points up or 10.83% higher on the previous close. So what do we make of this stock that is clearly one of the hottest on the market now? The OCGN stock is trading at $0.67 from a close of $0.60 on 01/15/20. The day’s price range saw the stock hit a low of $0.59, while the highest price level was $0.695 during the intraday trading.
Is the OCGN stock going to continue the plunge or will it steady in coming sessions to climb above its 5-day high price of $0.73. Ocugen Inc. (NASDAQ: OCGN) has a 52-week price range of between $0.23 and $21.60. Notably, the reduced performance in the current session comes on the back of condensed market activity for the stock, as its daily trading volume to 12725000, compared to its 3-months daily average volume of 6.60 million. In comparison, the average volume for the last 50 days stands at 8,048,172.
What about the stock’s price forecasts? OCGN had 2 analysts who offered their 12-month price predictions for the Ocugen Inc. shares. Looking at the 52-week price ranges, the stock’s current price level is 182.98% from its 52-week high price and -96.92% down from its 52-week low in the same period.
Ocugen Inc. shares have surged 12.22% over the past week, but its 1-month performance is in the green at 95.59%. Its performance in the current quarter is down -56.54%, while that figure shoots to -94.77% over the past half-year period. Further, we see that the stock’s 12-month charts show that it has lost by -92.73%, with the year-to-date prices up by 27.88%.
The company has a market cap of 11.38 million and a return on assets (ROA) of -284.40%. In gauging how profitable company analysts and investors look at the respective company’s ROA, with returns above 5% generally regarded as good. Also important is the company’s return on equity (ROE), with OCGN’s at 604.20% indicating that the management is able to generate impressive income with whatever equity at their disposal.
But what do Wall Street analysts tracking this stock recommend, given that it has 17.12 million shares outstanding? 2 analysts polled have a consensus recommendation rating of 5.00, indicating that OCGN is a Buy stock at the moment. Of the 2 analysts, 0 analysts rate the OCGN stock as Overweight, while 0 of them rated it as a Hold. 2 analysts rate Ocugen Inc. as a Buy, while 0 suggested its Underweight. Only 0 analyst advised investors to sell.
Let’s glean at the company’s earnings forecasts for the current quarter and annual growth estimate for the next 5-year period. The analyst forecasts for this stock’s earnings per share (EPS) for the current quarter (Jun 2019) ranged from a low of $0 per share to $0 per share. The average estimate by the 0 analysts for the OCGN shares was $0 a share, while the company’s last-quarter results returned an EPS of -$14. Looking at the current EPS trends, seven days ago, OCGN had its Jun 2019 estimates at -$0.01 per share while the stock’s EPS was forecasted at the -$0.01, a month ago.