The company's product pipeline consists of OCU400, OCU300, OCU100 and OCU200 which are in clinical stage. Historical daily share price chart and data for Ocugen since 2023 adjusted for splits. Keith Speights for (To watch Ramakanths track record, click here), In contrast, all 3 other analysts who have recently posted an Ocugen review rate the stock a Buy. Matt McCall and the InvestorPlace Research Staff, statistics support having long-term exposure, Click here to see what Matt has up his sleeve now, There Are So Many Stocks to Buy Ocugen Isnt One of Them. The Ocugen 52-week high stock price is 4.03, which is 328.7% above the current share price. 1 Reason to Buy Ocugen in 2023 and 2 Reasons to Sell, 3 Under-the-Radar Stocks With 590% to 772% Upside in 2023, According to Wall Street, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Want $1 Million in Retirement? Custom BMW #youtube #moto #motorcycle #bike #youtubeshorts #shorts This requires no immediate effort on your part. The generic form of brimonidine, the active ingredient, is not approved for the condition, according to Ocugens most recent presentation. Considering Bharats reputation for world-class R&D and manufacturing capabilities in vaccines and bio-therapeutics, H.C. Wainwright analyst Swayampakula Ramakanth thinks the company is a suitable partner.. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. The vaccine reportedly has a 78% efficacy rate against COVID-19, significantly lower than leading vaccines granted FDA emergency authorization. Since its merger, Ocugen stock has continued the decline that occurred under the company that it took over, Histogenics. The Ocugen 52-week low stock price is 0.93, which is 1.1% below the current share price. The reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. As of this writing, Matt did not hold a position in any of theaforementioned securities. Do Not Sell My Personal Information (CA Residents Only). Its all about choice. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization (EUA) in India for COVID-19 vaccine Covaxin. While anything is possible, I would not anticipate a miracle here. All rights reserved. Like Pfizer's BNT162b2 and Moderna's mRNA-1273, it requires two doses. Moreover, Histogenics existed to treat orthopedic conditions, while Ocugen focused on rare eye diseases. Nasdaq It has real products. Ocugen Chairman and CEO Shankar Musunuri Ocugen The company's stock opened at $8.24 per share Tuesday, up 96 cents. After all, one cannot expect Ocugen stock to cure its ills when the company itself has fallen into critical condition. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Ocugen Inc First Quarter 2022 Financial Results and Recent Business Highlights 04/21/2022 Noble Capital Markets' Eighteenth Annual Investor Conference 03/14/2022 34th Annual ROTH Conference 02/25/2022 Ocugen, Inc. Q4 and Full Year 2021 Financial Results and Recent Business Highlights 01/10/2022 H.C. Wainwright Bioconnect Conference 12/22/2021 The company has a gene therapy platform as well as two preclinical compounds that aim to treat retinal diseases. That's not going to happen now. Looking ahead, analysts are skeptical Covaxin will provide the upside Ocugen bulls are expecting. The Motley Fool has a disclosure policy. Ocugen, previously a private company, instituted a reverse merger, which they completed on Sep. 30. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. Ocugen estimates the drug could have as many as 63,000 potential patients. *ALL INFO ABOUT THE BIKE AND GEAR USED DOWN BELOW**If not listed it's left stock*BIKE: 2018, BMW R NINET SCRAMBLER.EXHAUST: Akrapovic Headers, Uni. 1125 N. Charles St, Baltimore, MD 21201. Covaxin doesn't have an advantage in terms of dosing compared to these leading vaccines. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. MALVERN, Pa., May 29, 2018 /PRNewswire/ -- Ocugen, Inc., a rapidly growing ophthalmology company developing a rich clinical pipeline of innovative therapies that address rare and underserved ocular diseases, today announced that it will present at the 2018 BIO International Convention, taking place June 4-7, 2018, in Boston. Accordingly, the analyst rates OCGN a Neutral (i.e. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days. Copy and paste multiple symbols separated by spaces. The S&P 500 has rallied 52.9% from the March low to its highs on August 6. Bharat Biotech has a history of successful vaccine commercialization in South Asia. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. A partnership with a respected Asian biotechnology company offers some validation to the pipeline, and a key product is progressing through Phase III trials. Literally, zero. All rights reserved. Indeed, the price broke below the 24 December 2018 low at 4.81 and is currently attempting a return move. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. If youre not convinced by now, maybe you will consider OCGN stock a poor investment when looking at the fundamentals. Thats the thing with these low-priced penny stocks. Under the terms of the agreement, Ocugen is entitled to 45% of the profits from the commercialization of Covaxin in the U.S. and Canada. In that list, you can even include penny-stock trader. Why Ocugen Stock Is Crushing It Today | Nasdaq But it does mean something. The Motley Fool->. The OCGN stock forecast 2022 outlook suggests that Ocugen's stock may struggle in the short term. Companies will inevitably be optimistic about their prospects for success (at least publicly). It's hard to say for sure. ET on Friday. Malvern-based biopharmaceutical company Ocugen completed its previously announced $100 million private stock sale. Making the world smarter, happier, and richer. Why Everyone Is Investing in 5G All WRONG, Americas #1 Stock Picker Reveals His Next 1,000% Winner, Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company, Radical New Battery Could Dismantle Oil Markets. Why Ocugen Stock Dropped Today | The Motley Fool - Nasdaq The statistics support having long-term exposure to this asset class. Add in a $31 million market capitalization and potentially significant cash burn, and Ocugen stock self-evidently is not for risk-averse investors. You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. However, an EUA in India doesn't mean that Covaxin is a slam dunk to win EUA in the U.S., as well. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Can you feel the ground moving beneath your feet? David and Tom just revealed what they believe are the ten best stocks for investors to buy right now and Ocugen, Inc. wasn't one of them! To be sure, current cash isnt enough. If OCU300 is approved, theres a reasonably large market. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. Custom BMW. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. Ocugen - Stock Price History | OCGN | MacroTrends CanSinoBio will be able to fund much of the development of OCU300, Ocugens flagship product that targets oGVHD (ocular graft versus host disease), a common complication of bone marrow transplants. 1125 N. Charles St, Baltimore, MD 21201. Its certainly possible the deal will fall through, leaving Ocugen with just the $15.8 million in cash with which it closed the third quarter, according to its 10-Q. Unfortunately, both the merger and the reverse split have failed to stem the decline of former Histogenics stock. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. The stock dropped as low as 26 cents during the height of the pandemic fears in March 2020. Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. The steep decline came after the company announced that the U.S. Food and Drug Administration (FDA) won't grant Emergency Use Authorization (EUA) for COVID-19 vaccine Covaxin in children ages two to 18. What Is the Best EV Stock to Buy Now? These symbols will be available throughout the site during your session. Start trading Options with Saxo today. Without NeoCart, that burn likely comes down. Investors were hopeful that the small drugmaker would be able to win U.S. Emergency Use . Why Ocugen Stock Is Crashing Today By Keith Speights - Mar 4, 2022 at 11:42AM Key Points The FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. Keith Speights has no position in any of the stocks mentioned. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. Still, this stock is cheap for reasons that my colleague Josh Enomoto spelled out well. Ocugen executives even sounded cautiously optimistic in the company's fourth-quarter conference call last month. You could sell some or all of your Ocugen shares and buy long-term call options on the stock. If You Invested $1,000 In Ocugen Stock One Year Ago, Here's - Insider Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth. So, what goes wrong? To find good ideas for coronavirus stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. Theres an opportunity here. But if they do, Ocugen stock at the least looks like an intriguing bet. That's right -- they think these 10 stocks are even better buys. In fact, the SPDR S&P 500 (NYSE:SPY) total return over the last 12 months is 34.2%. OCGN does not even appear to have an apparent reason to exist. These symbols will be available throughout the site during your session. As of 1:37 p.m. EST, the biopharmaceutical company's stock price was down more than 15%.. COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. From a near-term standpoint, there are two key risks. Ocugen Stock Crashes: What Should Investors Do Now? The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. The Ocugen deal is a way to salvage some limited value. Investors need to understand the risk profile here. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, 5 Penny Cryptos With the Most Potential for Growth. Ocugen came to the market via what was essentially a reverse merger with Histogenics Corporation, a deal that closed at the end of September. Axsome Therapeutics (NASDAQ:AXSM) had an equity value below $75 million in March 2017; its now worth over $3 billion after rising over 1,000% last year. The content is intended to be used for informational purposes only. The FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. Ocugen stated in a press release that it plans to "continue working with the FDA to evaluate the regulatory pathway for the pediatric use of Covaxin." One thing seems certain, however:Ocugens fate as an investment is closely tied to the ultimate outcome of Covaxin. Thats not a new problem: a previous Phase 1/2 study, according to the prospectus, was discontinued early due to slow enrollment. The company noted that additional trials may be required as well. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. The Ocugen deal is a way to salvage some limited value. That product drives the current bull case for Ocugen stock. That's right -- they think these 10 stocks are even better buys. Ocugen does have at least 180 days to cure that problem, but the simplest answer is for the company to execute a reverse stock split. Hold) without suggesting a price target. Keith Speights for CanSinoBio is a legitimate player in the industry; the companys market cap is near $2 billion after a nice rally in recent weeks. That said, for investors who understand the potential downside, there is an intriguing story here. To make the world smarter, happier, and richer. The odds of Ocugen stock winding up at zero are material. Guys, theres no revenue here! On June 10, though, Ocugen announced that the U.S. Food and Drug Administration (FDA) had effectively shut the door on an EUA filing. The newly renamed Ocugen stock kept declining through year-end, but has managed to stage a bit of a rally in 2020, gaining 15% year-to-date. Investors should worry about companies with no revenue even under the best of circumstances. Emergency Use Authorization (EUA) for Covaxin, the COVID-19 vaccine developed by Ocugen's partner, Bharat Biotech. Do not expect a recovery in Ocugen stock. Long-term debt of $1.6 million is not a back-breaker either. Concerns about the delta variant, the potential need for annual booster shots and the possibility of expanding the vaccines to children have investors hopeful that Covaxin will still eventually be a huge payoff for Ocugen. How long might it take for Ocugen to win full FDA approval for Covaxin? However, I wont be around to find out. If Ocugen goes up, you can still profit. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. The sale of NeoCart, which still is pending, can bring in another $8 million, based on the current agreement. Its product pipeline candidates include OCU400, OCU410, OCU200, and COVAXIN. If they invent a miracle treatment for a condition, the money will find its way to the stock. The FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. With $3.2 million in cash vs. current liabilities of $3.3 million, Ocugen likely has enough cash on hand to cover its short-term obligations. Remember, though, that Moderna achieved this while working closely with the U.S. government (including receiving funding from Uncle Sam) and during a period when vaccines weren't widely available. The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. So far, that merger hasnt worked out for Histogenics former shareholders. However, the marriage of Histogenics and Ocugen looks destined to end in a suicide pact instead of a mere divorce. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. The company stated that it will pursue a path to file for full FDA approval of Covaxin. For now, the biggest near-term hope for Covaxin may be that Canada or another developed economy will buy the vaccine to share with developing nations. An unprofitable biotech that focused on commercializing therapies to cure blindness prior to the present pandemic, Ocugen ( OCGN) stock took on a new life on December 22, when it announced. market." Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. Plus500. See disclosure here. quotes delayed at least 15 minutes, all others at least 20 minutes. OCGN Stock Forecast 2022 and 2025: Is Ocugen Set to Explode? With no effective treatments, and without a clear reason to exist, I would avoid buying Ocugen stock even as a speculative play. Create your Watchlist to save your favorite quotes on Nasdaq.com. The stock had gained some traction after they announced the. OCU300 already has received an orphan drug designation from the U.S. Food & Drug Administration for oGVHD; there is no currently approved treatment in the U.S. This decision isn't surprising, considering that Ocugen previously abandoned the pursuit of an EUA path for the vaccine in adults. There Are So Many Stocks to Buy Ocugen Isn't One of Them Thats why we give you a wide range of Options on stocks, indices, commodities and FX. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. But realizing value in practice usually is a difficult endeavor. Article printed from InvestorPlace Media, https://investorplace.com/2020/01/ocugen-stock-faint-heart/. Instead of buying a piece of the S&P 500 or Nasdaq or even better, a common sense mega-holding like Apple (NASDAQ:AAPL) or Amazon investors in OCGN stock took on a high-risk investment and for months saw negative returns. 7 Penny Stocks Poised for Explosive Growth in 2023, With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell. Those lessons will vary between different investors, but I'll point out a major one to keep in mind. Unfortunately for investors, the U.S. FDA did not grant Covaxin an Emergency Use Authorization and instead recommended in June that Ocugen opt for a Biologic License Application that will likely require additional Phase 3 testing. Ocugen to Present at the 2018 BIO International Convention | Ocugen, Inc. Still, Ocugens balance sheet isnt as dire as its share price might suggest. It brings in no revenue. In 2018, its NeoCart biologic failed to meet the primary endpoint of its own Phase III trial. Thats one of the best rallies weve seen in that amount of time (95 trading sessions, 136 days). Article printed from InvestorPlace Media, https://investorplace.com/2019/12/no-pathway-forward-for-ocugen-stock/. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. 86% of retail CFD accounts lose money, Benzinga's Top Ratings Upgrades, Downgrades For March 1, 2023, Ocugen upgraded at Chardan citing attractive entry point ahead of catalysts, Analysts Are Bullish on These Healthcare Stocks: Theratechnologies (THTX), Ocugen (OCGN), Ocugen (OCGN) Gets a Buy from H.C. Wainwright, Mizuho Securities Sticks to Their Buy Rating for Ocugen (OCGN), Ocugen (OCGN) Q4 2022 Earnings Call Transcript, Why Catalyst Biosciences Shares Are Trading Higher By 105%; Here Are 20 Stocks Moving Premarket, Registration on or use of this site constitutes acceptance of our. The average Ocugen stock price for the last 52 weeks is 2.10. 7 Travel Stocks to Buy Banking On Pent-Up Demand. Honestly, OCGN stock is unlikely to survive. Shares of Ocugen ( OCGN -3.10%) fell on Tuesday after an analyst sounded a note of caution to investors. Ocugen Inc. Announces Closing of $100 Million Registered Copyright The Nasdaq has been even more impressive, rallying 67.7% in the same time frame and hitting new all-time highs in the process. All rights reserved. Related Link: If You Invested $1,000 In Moderna Stock One Year Ago, Here's How Much You'd Have Now. The FDA told the company in June 2021 that it should instead follow the standard path to full approval of the vaccine in adults. OCGN | Ocugen Inc. Stock Price & News - WSJ Copyright 2023 InvestorPlace Media, LLC. With this, the newly formed Ocugen initiated a 60:1 reverse stock split. However, the Strong Buy consensus rating is backed with a $0.9 price target, which implies downside of 68% from current levels. Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. The median estimate. Ocugen hasn't stated yet when a potential late-stage study of Covaxin could start. More importantly, the 5-star analyst added, COVAXIN also induces comparable levels of neutralizing antibodies to those in human convalescent serum," which, the analyst believes," bodes well for the success of the ongoing Phase 3 trial in India.. Its worth emphasizing: Ocugen stock is a play with enormous risk. (See OCGN stock analysis on TipRanks). The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. Ocugen Stock Is Not for the Faint of Heart - InvestorPlace Even before that point, the most promising candidates generally can find funding. Shares declined 85% in three sessions around the closing of the merger, which also included a 1-for-60 reverse stock split. This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. This can prove to be a costly lesson to learn. 2023 InvestorPlace Media, LLC. Written by It means that institutional investors focused on the sector largely have passed on the pipeline. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Maybe. Ocugen: Peripheral Scandals Taint This Expired COVID-19 'Me-Too' Longshot OCGN Stock Price | Ocugen Inc. Stock Quote (U.S.: Nasdaq) - MarketWatch Maybe OCGN stock will be one of them again. Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. Sign up below to get this incredible offer! I will concede this: The one great thing about the stock market is there is a style for everyone. The stock ultimately hit its 2020 low on June 1 at a price of just 17 cents. The average price target among the five analysts covering the stock is $6, suggesting 27.9% downside from current levels. It means that raising capital will be more difficult going forward. Even though Ocugen did raise $25 million in a private placement, the story behind OCU300 clearly was not enough to support an initial public offering on its own. Create your Watchlist to save your favorite quotes on Nasdaq.com. The combined company has an agreement to sell the rights to NeoCart to privately held Medavate, leaving it reliant on Ocugens pipeline. Biotech companies have emerged from similar levels to become huge winners, as evidenced simply by looking at some of the best biotech stocks for 2019. In other words, it means that even by biotech standards OCGN stock is an enormously risky play. Please check your download folder. Unfortunately, when the market bounced in late March 2020, Ocugen kept heading lower. If it goes down, your loss won't be as great as it would be if you held onto all of your shares. The Motley Fool has a disclosure policy. Is Ocugen Stock Still Worth Buying After Its 800%-Plus Rally? Analyst Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ramakanth believes the broad immunity targeting different components of the virus could potentially provide better protection against emerging mutant viruses, such as the one currently circulating in the UK. With this in mind, in the Phase 1 study, COVAXIN has shown robust antibody responses against spike (S1) protein, receptor-binding domain (RBD) and the nucleocapsid (N) protein of SARS-CoV-2. But the sale of NeoCart appears to not yet have closed after its deadline was extended to allow Medavate to secure financing. Assuming it wins approval for the vaccine, the challenge for the company then will be to achieve commercial success. And while Ocugen will need more capital at some point, the company at least has time to push OCU300 forward and get its story out to investors. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. The equity has experienced a continual decline for years. Ocugen had to go an unusual route to go public. Our 3 Top Picks. It has no treatments to offer the market. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Ocugen abandoned its pursuit of a U.S. EUA for Covaxin in immunizing adults last year. At the time, Ocugen was left for dead. These options will be cheaper than owning the stock itself. CFO Sanjay Subramanian said that there was "the potential for near-term revenue," depending on the EUA. At the beginning of 2020, Ocugen shares were trading at just 47 cents. Cassava Sciences (NASDAQ:SAVA) has soared 454% in just the last three months. A $30 million market capitalization doesnt mean Ocugen has no chance. The agreement stipulates Ocugen will hold the vaccines U.S. rights, and the remaining details are expected to be finalized over the coming weeks. Shares of Ocugen ( OCGN) skyrocketed over 800% in the past three trading sessions after the biopharmaceutical company disclosed it had signed a binding letter of intent (LOI) with India based. Shares of Ocugen (OCGN) skyrocketed over 800% in the past three trading sessions after the biopharmaceutical company disclosed it had signed a binding letter of intent (LOI) with India based Bharat Biotech to co-develop a COVID-19 vaccine for the U.S. market. Why Ocugen Stock Is Crashing Today | The Motley Fool - Nasdaq 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Investors should definitely reevaluate Ocugen's prospects in light of the company's bad news announced last week.

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