Ocugen Stock Buy Hold or Sell Recommendation

OCGN -  USA Stock  

USD 2.51  0.03  1.18%

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Ocugen Inc is 'Hold'. Macroaxis provides Ocugen buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Ocugen positions. The advice algorithm takes into account all of Ocugen's available fundamental, technical, and predictive indicators you will find on this site.
  
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The advice is provided from Ocugen's buy-and-hold perspective. Please check Ocugen Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Ocugen and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Ocugen Inc.

Execute Ocugen Buy or Sell Advice

The Ocugen recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ocugen Inc. Macroaxis does not own or have any residual interests in Ocugen Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ocugen's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell OcugenBuy Ocugen
Hold

Volatility

Extremely DangerousDetails

Hype Condition

Over hypedDetails

Current Valuation

OvervaluedDetails

Odds of Distress

LowDetails

Economic Sensitivity

Hyperactively responds to market trendsDetails

Analyst Consensus

BuyDetails

Reporting Quality (M-Score)

UnavailableDetails
For the selected time horizon Ocugen Inc has a Mean Deviation of 5.61, Standard Deviation of 7.17 and Variance of 51.43
We provide trade recommendations to complement the recent expert consensus on Ocugen Inc. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time. To make sure Ocugen is not overpriced, please check all Ocugen Inc fundamentals, including its cash flow from operations, and the relationship between the cash per share and market capitalization . Please also confirm Ocugen Inc price to earning to check out your buy or sell decision is consistent with all fundamental data available and that the company can sustain itself in the current economic cycle.

Ocugen Trading Alerts and Improvement Suggestions

Ocugen Inc generated a negative expected return over the last 90 days
Ocugen Inc has high historical volatility and very poor performance
Net Loss for the year was (58.37 M) with loss before overhead, payroll, taxes, and interest of (33.06 M).
Ocugen Inc currently holds about 94.96 M in cash with (47.94 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.48.
Latest headline from seekingalpha.com: Ocugen, Bharat Biotech COVID vaccine shows better safetyefficacy in kids vs adults - Seeking Alpha

Ocugen current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Ocugen analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Ocugen analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price7.38
Target Median Price5.50
Target High Price15.00
Recommendation Mean2.50
Number Of Analyst Opinions4
Target Low Price3.50
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Ocugen Returns Distribution Density

The distribution of Ocugen's historical returns is an attempt to chart the future uncertainty of Ocugen's future price movements. The chart of the probability distribution of Ocugen stock daily returns describes the distribution of returns around its average expected value. We use Ocugen Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ocugen returns is essential to provide solid investment advice for Ocugen stock.
Mean Return-0.32Value At Risk-8.47
Potential Upside12.44Standard Deviation7.17
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ocugen historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Ocugen Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ocugen or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ocugen stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Ocugen stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.05
β
Beta against DOW2.78
σ
Overall volatility
7.25
Ir
Information ratio -0.03

Ocugen Volatility Alert

Ocugen Inc is displaying above-average volatility over the selected time horizon. Investors should scrutinize Ocugen Inc independently to ensure intended market timing strategies are aligned with expectations about Ocugen volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ocugen's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ocugen's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Ocugen Implied Volatility

Ocugen's implied volatility exposes the market's sentiment of Ocugen Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Ocugen's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Ocugen stock will not fluctuate a lot when Ocugen's options are near their expiration.

Ocugen Fundamentals Vs Peers

Comparing Ocugen's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Ocugen's direct or indirect competition across all of the common fundamentals between Ocugen and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ocugen or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Ocugen's fundamental indicators could also be used in its relative valuation, which is a method of valuing Ocugen by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Ocugen to competition
FundamentalsOcugenPeer Average
Return On Equity(99.46) %(0.31) %
Return On Asset(54.48) %(0.14) %
Current Valuation345.23 M16.62 B
Shares Outstanding199.19 M571.82 M
Shares Owned by Insiders1.59 %10.09 %
Shares Owned by Institutions37.83 %39.21 %
Number of Shares Shorted58.6 M4.71 M
Price to Earning(1.81) X28.72 X
Price to Book4.20 X9.51 X
Revenue(380)9.43 B
Gross Profit(33.06 M)27.38 B
EBITDA(57.8 M)3.9 B
Net Income(58.37 M)570.98 M
Cash and Equivalents94.96 M2.7 B
Cash per Share0.48 X5.01 X
Total Debt3.31 M5.32 B
Debt to Equity0.034 %48.70 %
Current Ratio14.66 X2.16 X
Book Value Per Share0.54 X1.93 K
Cash Flow from Operations(47.94 M)971.22 M
Short Ratio8.38 X4.00 X
Earnings Per Share(0.25) X3.12 X
Number of Employees5618.84 K
Beta4.51-0.15
Market Capitalization450.16 M19.03 B
Total Asset22.16 M29.47 B
Retained Earnings(55.54 M)9.33 B
Working Capital13.32 M1.48 B
Current Asset17.53 M9.34 B
Current Liabilities4.21 M7.9 B
Z Score72.28.72
   Acquisition by Castillo Kirsten of 140091 shares of Ocugen subject to Rule 16b-3 [view details]

Ocugen Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ocugen . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution841545.0
Daily Balance Of Power(0.12)
Rate Of Daily Change0.99
Day Median Price2.55
Day Typical Price2.53
Price Action Indicator(0.05)

About Ocugen Buy or Sell Advice

When is the right time to buy or sell Ocugen Inc? Buying financial instruments such as Ocugen Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Ocugen investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.

Use Investing Ideas to Build Portfolios

In addition to having Ocugen in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Top FinTech Theme
High long term potential financial entities that are ranging from payment processing, investment management to commercial and investment banking. The Top FinTech theme has 80 constituents.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Top FinTech Theme or any other thematic opportunities.
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Please check Ocugen Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running Ocugen Inc 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 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.
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 Ocugen value 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.