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:

crafters-companion listed on couponmatrix.ukgala-bingo listed on couponmatrix.ukneonbeach listed on couponmatrix.ukselect-fashion listed on couponmatrix.uktk-maxx listed on couponmatrix.ukviking listed on couponmatrix.uk
crafters-companion listed on couponmatrix.ukThere is nothing like making something yourself rather than buying it ready-made at a store. The pride washes over you as you sit in a pile of glitter and crepe paper holding up your hand-made gift for your mother on Mothers day. Get your craft on and save money with Groupon's Cafter's Companion discount codes. Founded by Sara Davies (nee Johnson) who graduated from the University of York Management School with first class honours. Crafter's Companion was formed in September 2005. It now has an office in the North-East of England, as well as in California, USA, from where the American side of the business is conducted. Since the launch of the Enveloper, which Sara designed and developed with the help of her father, the company has rocketed. Numerous awards have been won by Sara individually, and by the company as a whole, both in the crafting industry and the business world in general. Innovative products such as the Ultimate Pro and the Rock-a-Blocks have changed the world of crafting and encouraged greater numbers of people into papercrafting. The company has a simple aim of making papercrafting a fun and simple process, and so all products are made with this in mind. For example the extensive range of CD ROMs, which have spear-headed the rise in digital crafting, are made to a 'point-and-click' specification, meaning that even those who are computer illiterate are able to use them. Sara is a regular guest on Ideal World and Create & Craft shopping channels, and also appears on the Home Shopping Network (HSN) in America, Home Shopping Europe (HSE) in Germany, and The Shopping Channel in Canada Time to order the pinking shears, the glitter glue and coloured paper and make a start on some home-made projects. Save money by using Groupon's promo codes.
gala-bingo listed on couponmatrix.ukBingo is more than a game, evidence has shown it can improve your health, make you more sociable and can even speed up the healing process. With so many benefits you’d be crazy not to check out Gala Bingo. On their site you’ll find bingo games, slot games, casino games and when you use a Gala Bingo promo code you’ll find things like free plays and other offers.
neonbeach listed on couponmatrix.ukNightclub-quality neon lights for the home—that’s NeonBeach. Whether you want to light up the room with an inspirational quote or cosmic art, NeonBeach gives you the freedom to live creatively and customise your neon lights with a dizzying array of colours. Although you might think this would be expensive, it’s actually really affordable with a NeonBeach discount code from Groupon. These lights are such high quality they’ll last for years to come, and they’re eco-friendly too!
select-fashion listed on couponmatrix.ukSelect Fashion are one of the biggest names in women’s fashion in the UK. Their extensive collection of on-trend styles and clothing make them the perfect place to pick up something special for your wardrobe. With a Select discount code from us you can save on the best in high street fashion, without breaking a sweat. Whether you’re looking for a new pair of jeans or you’re after a dress for date night, Select have got you covered.
tk-maxx listed on couponmatrix.ukAlways on the hunt for the hottest trends of the season? You’ll have a field day exploring the colourful high-designer depths of TK Maxx. Combining thousands of brands from all over the world, TK Maxx’s ever-changing selection of fashions, footwear and homeware all boast super-ridiculous reductions. Double up on the savings with an exclusive TK Maxx discount code from us and start curating your own collection of beautiful treasures. With so many unique products to discover, you’ll never be stuck for the perfect gift ever again. Whether you’re seeking a beauty essential, the perfect accessory to complete an outfit or simply wanting to turn your house into a home, you’ll find everything you’ve ever wanted (and more) at TK Maxx.
viking listed on couponmatrix.ukViking is your go to for all of your office supply needs. Whether you're after top inks and toners, modern office furniture or ball point pens, you'll find what you're looking for with this great range! Make the most of a Viking voucher code from us to save on your next stock up. Keep your desk organised, your workspace clear and your office ticking - choose Viking today!