A Great Bargain Stock You Could Consider Is Ocugen Inc. (OCGN)

Ocugen Inc. (NASDAQ:OCGN) has a beta value of 3.94 and has seen 4.13 million shares traded in the last trading session. The company, currently valued at £199.25M, closed the last trade at £0.92 per share which meant it gained £0.04 on the day or 4.91% during that session. The OCGN stock price is -308.7% off its 52-week high price of £3.76 and 7.61% above the 52-week low of £0.85.

If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.66 million shares traded. The 3-month trading volume is 7.03 million shares. The consensus among analysts is that Ocugen Inc. (OCGN) is a Buy stock at the moment, with a recommendation rating of 2.00.

0 analysts rate the stock as a Sell, while 0 rate it as Overweight.

0 out of 6 have rated it as a Hold, with 6 advising it as a Buy.

0 have rated the stock as Underweight. The expected earnings per share for the stock is -£0.1. From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it’s about to change everything we know about everything. With the global market for AI projected to grow from £137 billion in 2022 to over £1.81 trillion by 2030, there’s never been a better time to invest in this burgeoning industry. That’s why we’ve compiled a list of the Top 5 AI Stocks to Buy for 2023.

These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you. Get our free report, “Top 5 AI Stocks to Buy for 2023”. Sponsored

Sporting 4.91% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 03/24/23 when the OCGN stock price touched £0.92 or saw a rise of 5.15%. Year-to-date, Ocugen Inc. shares have moved -28.98%, while the 5-day performance has seen it change -4.64%. Over the past 30 days, the shares of Ocugen Inc. (NASDAQ:OCGN) have changed -5.61%.

Short interest in the company has seen 44.97 million shares shorted with days to cover at 7.12. Wall Street analysts have a consensus price target for the stock at £4.83, which means that the shares’ value could jump 80.95% from current levels. The projected low price target is £3.00 while the price target rests at a high of £8.00.

In that case, then, we find that the current price level is -769.57% off the targeted high while a plunge would see the stock gain -226.09% from current levels.

Ocugen Inc. (OCGN) estimates and forecasts

Figures show that Ocugen Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -49.83% over the past 6 months, with this year growth rate of -18.42%, compared to 8.30% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue.

Growth estimates for the current quarter are -42.90% and -22.20% for the next quarter.

5 analysts offering their estimates for the company have set an average revenue estimate of £2.6 million for the current quarter.

4 have an estimated revenue figure of £1 million for the next quarter concluding in Mar 2023. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 63.60% over the past 5 years.

OCGN Dividends

Ocugen Inc. is expected to release its next earnings report between May 04 and May 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Ocugen Inc. (NASDAQ:OCGN)’s Major holders

Insiders own 2.48% of the company shares, while shares held by institutions stand at 38.61% with a share float percentage of 39.59%. Investors are also buoyed by the number of investors in a company, with Ocugen Inc. having a total of 179 institutions that hold shares in the company.

The top two institutional holders are State Street Corporation with over 26.01 million shares worth more than £46.29 million. As of Sep 29, 2022, State Street Corporation held 11.88% of shares outstanding. The other major institutional holder is Blackrock Inc., with the holding of over 13.55 million shares as of Sep 29, 2022.

The firm’s total holdings are worth over £24.12 million and represent 6.19% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF and Vanguard Total Stock Market Index Fund.

As of Dec 30, 2022, the former fund manager holds about 10.81% shares in the company for having 23.66 million shares of worth £30.75 million while later fund manager owns 6.5 million shares of worth £11.58 million as of Sep 29, 2022, which makes it owner of about 2.97% of company’s outstanding stock.

Tags:

club-med listed on couponmatrix.ukdonaghy-bros listed on couponmatrix.ukdormeo listed on couponmatrix.ukkitlocker listed on couponmatrix.ukpoundshop listed on couponmatrix.ukvodafone listed on couponmatrix.uk
club-med listed on couponmatrix.ukWhether you're yearning for sun-soaked beaches or a snowy winter wonderland, Club Med provides the ultimate all-inclusive holiday experience. Designed for seamless connections and unparalleled relaxation, Club Med packages offer the perfect getaway. Before you pay for your trip, be sure to add a Club Med discount code to make the dream of a white-sand paradise or snow-covered skitopia more affordable. Whether you're embarking on a solo adventure or travelling in a group, Club Med's packages cater to all, delivering exceptional experiences in breathtaking locations worldwide.
donaghy-bros listed on couponmatrix.ukWhenever your home needs enhancing with the best value appliances, think only of the friendly folks at Donaghy Bros. A Northern Ireland-based brand that offers nationwide delivery of items as far ranging as cookers and kettles, all a customer need to get an unbeatable price on their item of choice is the latest Donaghy Bros discount code from Groupon. From cooking to cleaning, Donaghy Bros can provide all sorts of electrical assistance for you and your home.
dormeo listed on couponmatrix.ukGet the 40 winks you’ve always wanted with Dormeo, the bed brand that offers super high-quality mattresses and bedding without super high prices! With a Dormeo discount code from us in hand, you’ll be able to bring down that price of a brand spanking new bed to an all-time low, letting you have sweet dreams for less. If you’re looking for some sleepspiration then be sure to check out the Dormeo Sleep Blog for decoration ideas and more.
kitlocker listed on couponmatrix.ukIf you’re after training gear, exercise equipment or a new workout outfit, you’ve come to the right place - Kitlocker is your go-to for the biggest brands at the best prices. Shop the awesome range of Nike, adidas and more with a Kitlocker discount code from us - there’s no need to pay full price with these great savings! If you’re working out at home, you’ll want the right gear to get motivated. Get kitted out for less at Kitlocker!
poundshop listed on couponmatrix.ukThe ever-rising cost of living all has us in a slump, but with Poundshop you can the same branded products for a pittance and, best of all, delivery can be as little as £1. As expected, most products are £1, but you find snacks, cleaning products and even skincare for less than this in the Poundshop sale section. We’ll help you get the most of your order with our Poundshop discount codes and our round-up of the best deals available now. With an ever-changing stock rotation, you’ll want to pick up what you need in a hurry!
vodafone listed on couponmatrix.ukAs experts in keeping people connected for over three decades, Vodafone has risen to become one of the UK's most trusted communications providers. Forget lagging network and expensive phone plans - Vodafone is your go-to for state of the art mobile phone, SIM-only and pre-paid plans, alongside super-fast broadband bundles. Use a Vodafone promo code from Groupon and stay connected for less - it's time for an upgrade! Whether it's the brand new Apple iPhone or a swanky new Samsung tablet, Groupon makes Vodafone gadgets more affordable.