Ocugen Inc (NASDAQ:OCGN) shares, rose in value on Thursday, March 27, with the stock price down by -2.04% to the previous day’s close as strong demand from buyers drove the stock to $0.72.
Actively observing the price movement in the last trading, the stock closed the session at $0.74, falling within a range of $0.6913 and $0.745. The value of beta (5-year monthly) was 3.893. Referring to stock’s 52-week performance, its high was $2.08, and the low was $0.51. On the whole, OCGN has fluctuated by 18.65% over the past month.
With the market capitalization of Ocugen Inc currently standing at about $211.39 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-04.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OCGN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of OCGN currently trading nearly 20.11% and 8.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.17, while the 7-day volatility ratio is showing 7.73% which for the 30-day chart, stands at 8.69%. Furthermore, Ocugen Inc (OCGN)’s beta value is 3.82, and its average true range (ATR) is 0.05.
A comparison of Ocugen Inc (OCGN) with its peers suggests the former has fared considerably weaker in the market. OCGN showed an intraday change of -2.04% in last session, and over the past year, it shrunk by -60.44%%.
Data on historical trading for Ocugen Inc (NASDAQ:OCGN) indicates that the trading volumes over the past 10 days have averaged 3.88 and over the past 3 months, they’ve averaged 4.10 million. According to company’s latest data on outstanding shares, there are 291.37 million shares outstanding.
Nearly 1.80% of Ocugen Inc’s shares belong to company insiders and institutional investors own 24.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 67.51 million shares as on 2025-03-14, resulting in a short ratio of 17.7. According to the data, the short interest in Ocugen Inc (OCGN) stood at 2351.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 60.26 million. The stock has fallen by -10.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OCGN stock heading into the next quarter.
