How to Buy Ocugen Stock
Ocugen Inc
Ocugen, Inc. , a clinical-stage biopharmaceutical company, focuses on the developing gene therapies to cure blindness diseases.
Ocugen stock last closed at $1.18, down 5.6% from the previous day, and has increased 63.89% in one year. It has overperformed other stocks in the Biotechnology industry by 0.88 percentage points. Ocugen stock is currently +242.03% from its 52-week low of $0.35, and -43.94% from its 52-week high of $2.11.
There are currently 257.33M shares of OCGN outstanding. The market cap of OCGN is $303.64M. In the last 24 hours, 7.25M OCGN shares were traded.
How to Buy Ocugen Stock
Not sure how to invest in Ocugen stock? Here's how.
- Choose where to buy Ocugen stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy Ocugen stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your payment method and add your information.
- Research Ocugen stock: The Ocugen ticker symbol is OCGN. Is Ocugen stock a good investment? Should you buy shares of OCGN? How do OCGN's underlying business fundamentals look? Do top analysts think Ocugen is a good buy? Why has OCGN's stock price moved recently? (Hint: Our stock market research website can help you understand if OCGN is a good stock to buy).
- Execute your OCGN trade: Decide if you will purchase OCGN shares at the current market price or use a limit order to purchase OCGN shares at a particular price.
- Get the latest news on your OCGN investment: Create a watchlist to key updates about your position in Ocugen stock.
Step 1: Choose where to buy Ocugen stock
You will need an online brokerage account in order to access the NASDAQ market and buy OCGN shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you are able to buy OCGN today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've filled out your info on the best stock app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of depositing money into your new investment account.
Step 4: Research Ocugen stock
Once you have identified the best place to buy Ocugen stock, it's critical to analyze their stock prior to investing, so you actually understand the risk and upside.
Ocugen Numbers
Ocugen Zen Score
WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on OCGN's stock page.
Is OCGN stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge OCGN's fair value.
Using relative valuations methods:
- OCGN could be overvalued based on its P/B ratio of 7.49x, relative to Biotechnology industry P/B ratio of 5.86x
You can do additional valuation analysis on OCGN's stock here.
OCGN Financial Health Overview
Signs that OCGN is financially healthy:
- Total OCGN debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the OCGN balance sheet.
- There are more short-term assets than long-term liabilities on the OCGN balance sheet.
Signs that OCGN is not financially healthy:
- OCGN has $39.46M in cash and short term investments. This is not sufficient to cover its annual cash burn of $72.53M.
- OCGN profit margin has gone up by 24.44 percentage points in the past year, but the company is still unprofitable.
- OCGN has a relatively high debt to equity ratio of 0.59.
- OCGN has cash burn of 72530000. It does not have sufficient cash and short-term investments to cover this.
Is it a good time to buy OCGN stock, according to analysts?
Out of 2 Wall Street analysts who give recommendations on OCGN, the consensus analyst rating on OCGN is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Ocugen stock forecast page.
OCGN Technical Indicators
Is OCGN Growing Revenue?
Last year, OCGN revenue was $6.04M. In the past 3 year, OCGN's revenue has increased by 518.47% per year. This was faster than the Biotechnology industry average of 28.91%.
Dive into OCGN's earnings and revenue performance here.
Latest Insiders Trades at OCGN
Over the last 12 months, insiders at OCGN have sold more shares than they have bought.
Shankar Musunuri, Chief Executive Officer of OCGN, was the latest OCGN insider to sell. They sold $117,673.21 worth of OCGN stock on Jan 3, 2024.
Dig into more about who owns OCGN stock here.
Can I get consistent income from OCGN stock?
No, Ocugen doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your OCGN trade
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Hit the Open button and eToro will place your order.
If you want additional assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your OCGN investment
Now that you own some OCGN stock, you'll want to keep up with your investment.
Create a watchlist to monitor your OCGN stock.
OCGN Feed
How to Buy Stock in Ocugen
To reiterate, here are the 6 steps to buy stock in Ocugen:
- Choose where to buy Ocugen stock
- Sign up for your brokerage account
- Deposit money your investment account
- Research Ocugen stock
- Execute your OCGN trade
- Get the latest news on your OCGN investment
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your investment in Ocugen, create a watchlist on WallStreetZen today.
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