With 3.47 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.18 million shares. The 52-week range on OCGN shows that it touched its highest point at $1.98 and its lowest point at $0.51 during that stretch. It currently has a 1-year price target of $6.50. Beta for the stock currently stands at 4.21.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OCGN was down-trending over the past week, with a drop of -10.06%, but this was up by 13.43% over a month. Three-month performance surged to 38.36% while six-month performance fell -7.86%. The stock lost -48.64% in the past year, while it has gained 4.00% so far this year. A look at the trailing 12-month EPS for OCGN yields -0.19 with Next year EPS estimates of -0.24. For the next quarter, that number is -0.06. This implies an EPS growth rate of -15.00% for this year and -4.35% for next year. EPS is expected to grow by 46.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.82%.
Float and Shares Shorts:
At present, 292.03 million OCGN shares are outstanding with a float of 286.77 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OCGN since 5 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.18 being high and -$0.22 being low. For OCGN, this leads to a yearly average estimate of -$0.2. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.06.
