Ocugen Inc Stock Price on January 5, 2021
| OCGN Stock | USD 1.33 0.01 0.76% |
Below is the normalized historical share price chart for Ocugen Inc extending back to December 03, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ocugen stands at 1.33, as last reported on the 6th of May, with the highest price reaching 1.42 and the lowest price hitting 1.32 during the day.
If you're considering investing in Ocugen Stock, it is important to understand the factors that can impact its price. Ocugen is abnormally volatile given 3 months investment horizon. Ocugen Inc maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.87% are justified by taking the suggested risk. Use Ocugen Coefficient Of Variation of 499.0, semi deviation of 6.01, and Risk Adjusted Performance of 0.1358 to evaluate company specific risk that cannot be diversified away.
At this time, Ocugen's Common Stock Total Equity is very stable compared to the past year. As of the 6th of May 2024, Common Stock Shares Outstanding is likely to grow to about 256.5 M, while Total Stockholder Equity is likely to drop about 22.2 M. . At this time, Ocugen's Price Book Value Ratio is very stable compared to the past year. As of the 6th of May 2024, Price Earnings To Growth Ratio is likely to grow to 0.08, while Price To Sales Ratio is likely to drop 22.11. Ocugen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 3rd of December 2014 | 200 Day MA 0.6826 | 50 Day MA 1.2978 | Beta 3.743 |
Ocugen |
Sharpe Ratio = 0.213
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Estimated Market Risk
| 8.76 actual daily | 77 77% of assets are less volatile |
Expected Return
| 1.87 actual daily | 37 63% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Ocugen is performing at about 16% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ocugen by adding it to a well-diversified portfolio.
Price Book 7.5142 | Enterprise Value Ebitda (4.88) | Price Sales 25.1 K | Shares Float 253.2 M | Wall Street Target Price 5.67 |
Ocugen Valuation on January 5, 2021
It is possible to determine the worth of Ocugen on a given historical date. On January 5, 2021 Ocugen was worth 2.46 at the beginning of the trading date compared to the closed value of 2.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ocugen stock. Still, in general, we apply an absolute valuation method to find Ocugen's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ocugen where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ocugen's related companies.
| Open | High | Low | Close | Volume | |
04/22/2022 | 2.46 | 2.50 | 2.36 | 2.40 | 5,234,900 |
| 2.37 | 2.52 | 2.36 | 2.48 | 6,027,800 |
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Ocugen Trading Date Momentum on January 5, 2021
The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.Ocugen Inc Fundamentals Correlations and Trends
By evaluating Ocugen's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ocugen's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ocugen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ocugen Stock history
Ocugen investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ocugen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocugen Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ocugen stock prices may prove useful in developing a viable investing in Ocugen
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 244.3 M | 256.5 M | |
| Net Loss | -73.2 M | -69.6 M |
Ocugen Quarterly Net Working Capital |
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Ocugen Stock Technical Analysis
Ocugen technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Ocugen Period Price Range
Low | April 22, 2022
| High |
2.46 | 2.40 |
Ocugen May 6, 2024 Market Strength
Market strength indicators help investors to evaluate how Ocugen stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocugen shares will generate the highest return on investment. By undertsting and applying Ocugen stock market strength indicators, traders can identify Ocugen Inc entry and exit signals to maximize returns
| Accumulation Distribution | 293154.0 | |||
| Daily Balance Of Power | (0.43) | |||
| Rate Of Daily Change | 0.98 | |||
| Day Median Price | 2.43 | |||
| Day Typical Price | 2.42 | |||
| Price Action Indicator | (0.06) | |||
| Period Momentum Indicator | (1.07) |
Ocugen Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocugen's price direction in advance. Along with the technical and fundamental analysis of Ocugen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocugen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1358 | |||
| Jensen Alpha | 1.55 | |||
| Total Risk Alpha | 0.7698 | |||
| Sortino Ratio | 0.2236 | |||
| Treynor Ratio | 0.704 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocugen Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Ocugen Inc information on this page should be used as a complementary analysis to other Ocugen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Ocugen Stock analysis
When running Ocugen's price analysis, check to measure Ocugen's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ocugen is operating at the current time. Most of Ocugen's value examination focuses on studying past and present price action to predict the probability of Ocugen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocugen's price. Additionally, you may evaluate how the addition of Ocugen to your portfolios can decrease your overall portfolio volatility.
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Is Ocugen's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ocugen. If investors know Ocugen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ocugen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.26) | Revenue Per Share 0.025 | Quarterly Revenue Growth 1.426 | Return On Assets (0.47) | Return On Equity (1.10) |
The market value of Ocugen Inc is measured differently than its book value, which is the value of Ocugen that is recorded on the company's balance sheet. Investors also form their own opinion of Ocugen's value that differs from its market value or its book value, called intrinsic value, which is Ocugen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ocugen's market value can be influenced by many factors that don't directly affect Ocugen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ocugen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocugen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocugen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.