quotes delayed at least 15 minutes, all others at least 20 minutes. Ocugen In 2021, Beyond: Optimism about Covaxin coupled with massive short squeezes in a handful of popular social media stocks sent Ocugen shares skyrocketing up to as high as $18.77 in February 2021. Ocugen Inc. stock rises Wednesday, outperforms market Feb. 22, 2023 at 5:14 p.m. Why Ocugen Stock Is Crushing It Today | Nasdaq A $30 million market capitalization doesnt mean Ocugen has no chance. Those reverse splits generally are poorly received by the market, even if in theory they should have little to no practical impact on trading. ET by MarketWatch Automation Ocugen Inc. stock falls Tuesday, underperforms market Feb. 21, 2023 at 5:14. It announced on Dec. 9 of last year 17 months later that it was 50% through enrollment. Ocugen sold $25 million of stock in a private placement before the merger. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their. With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell Amryt Pharma releases Q-2 how to setup copy trading labrador gold stock that show strong revenue growth as The first split for NKE took place on October 08, Below, we'll pit these two dominant consumer-discretionary giants against each other, with an eye toward long-term . In December, Ocugen stated that it had put together an advisory board of "leading academic and industry experts to evaluate the clinical and regulatory path to approval in the U.S. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. Cost basis and return based on previous market day close. Ocugen hasn't stated yet when a potential late-stage study of Covaxin could start. Article printed from InvestorPlace Media, https://investorplace.com/2019/12/no-pathway-forward-for-ocugen-stock/. This requires no immediate effort on your part. 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. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. After all, one cannot expect Ocugen stock to cure its ills when the company itself has fallen into critical condition. Still, this stock is cheap for reasons that my colleague Josh Enomoto spelled out well. The S&P 500 has rallied 52.9% from the March low to its highs on August 6. Even at around 40 cents per share, I would consider Ocugen stock overvalued. The Ocugen 52-week high stock price is 4.03, which is 328.7% above the current share price. However, the marriage of Histogenics and Ocugen looks destined to end in a suicide pact instead of a mere divorce. Events - Ocugen *Stock Advisor returns as of November 20, 2020. However, sometimes the optimism isn't justified. Since its merger, Ocugen stock has continued the decline that occurred under the company that it took over, Histogenics. I will concede this: The one great thing about the stock market is there is a style for everyone. I am all for a good opportunity, but I dont know why some investors insist on penny stocks. 2023 InvestorPlace Media, LLC. That's right -- they think these 10 stocks are even better buys. The reverse merger with Histogenics was a disappointment, but the purchase price for the NeoCart intellectual property suggests that company had little chance of survival on its own. Nasdaq In fact, $1,000 in Ocugen stock bought on Aug. 9, 2020, would be worth about $15,100 today. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. From the outside looking inward, it looks like a marriage of two people who got together simply because nobody else would take them. All rights reserved. Learn More. That pathway will likely require the company to conduct further clinical testing of the vaccine in the U.S. Are there any other near-term catalysts for the biotech stock? Ocugen Inc Stock - OCGN Share Price Today, News and Discussion - Stocktwits On June 10, though, Ocugen announced that the U.S. Food and Drug Administration (FDA) had effectively shut the door on an EUA filing. 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. 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.. Histogenics shareholders then received about 14% of the company, according to the merger prospectus. The company does not earn revenue, relying on grants, a dwindling cash position, and stock dilution to keep its doors open. The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days. 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. Written by Ocugen announced in late Decemberit had signed a letter of intent to co-develop COVID-19 vaccine candidate Covaxin along with Indian pharmaceutical company Bharat Biotech. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Copyright 2023 InvestorPlace Media, LLC. Hence, instead of ruining just two lives, this new Ocugen may be destroying the investment future of all who buy. Gw pharmaceuticals stock dividends will nike stock split soon Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. With no effective treatments, and without a clear reason to exist, I would avoid buying Ocugen stock even as a speculative play. Keith Speights for Investors were hopeful that the small drugmaker would be able to win U.S. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization. Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. 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. Literally, zero. But there is no question some big-name stocks performed better than others along the way. Honestly, OCGN stock is unlikely to survive. A partnership with a respected Asian biotechnology company offers some validation to the pipeline, and a key product is progressing through Phase III trials. Sign up below to get this incredible offer! The Motley Fool recommends Moderna Inc. 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. Keith Speights for The agreement stipulates Ocugen will hold the vaccines U.S. rights, and the remaining details are expected to be finalized over the coming weeks. The firm's modifier gene therapy platform is engaged in addressing retinal diseases, including retinitis pigmentosa, leber congenital amaurosis, and dry age-related macular degeneration. The biotech stock promptly crashed by more than 30%. Ocugen isnt a promotional, fly-by-night penny stock. Ocugen: Peripheral Scandals Taint This Expired COVID-19 'Me-Too' Longshot The stock had gained some traction after they announced the. All rights reserved. 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. 7 Travel Stocks to Buy Banking On Pent-Up Demand. The stock had gained some traction after they announced the Ocugen merger in April. Looking ahead, analysts are skeptical Covaxin will provide the upside Ocugen bulls are expecting. On its first trading day as OCGN stock, it lost almost 64% of its value and closed that day at $2.85 per share. The CanSinoBio partnership does help, but Ocugen still has a long way to go with OCU300. But theres a big difference in having an edge flipping sub-$5 stocks vs. combing over this group as an investor looking for sound fundamentals and a mistakenly low stock price. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Written by There Are So Many Stocks to Buy Ocugen Isn't One of Them Create your Watchlist to save your favorite quotes on Nasdaq.com. OCGN Ocugen Inc 155,223 $0.9721 $0.0263 (2.63%) If youre not convinced by now, maybe you will consider OCGN stock a poor investment when looking at the fundamentals. Indeed, the price broke below the 24 December 2018 low at 4.81 and is currently attempting a return move. You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. Source: Chart courtesy of StockCharts.com. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Bharat Biotech has a history of successful vaccine commercialization in South Asia. In other words, it means that even by biotech standards OCGN stock is an enormously risky play. When the market crashed during the U.S. pandemic outbreak in March, shares of vaccine makers understandably soared as work began on developing vaccines to fight COVID-19. Like Pfizer's BNT162b2 and Moderna's mRNA-1273, it requires two doses. 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. Investors need to understand the risk profile here. If you missed that action, you missed all the gains. 1125 N. Charles St, Baltimore, MD 21201. Ocugen completes $100M stock sale as it works with Bharat Biotech on Instead, this appears destined to join the long list of failed biotech startups. The worst news was that another late-stage clinical study will likely be required to support the regulatory filing. Objective investors could have clearly seen then that there actually were significant reasons to be concerned. Other than an emphasis on cell therapies, the companies had almost nothing in common. Thats why we give you a wide range of Options on stocks, indices, commodities and FX. How can we possibly evaluate a stock on a fundamental basis with that being reality? Admittedly one could argue that it could have been bought for a quarter and sold for 75 cents, but hindsight is 20/20 in all of these names. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. quotes delayed at least 15 minutes, all others at least 20 minutes. In that list, you can even include penny-stock trader. Still, Ocugens balance sheet isnt as dire as its share price might suggest. As with many biotech stocks, the most likely outcome is for the company to fail, and for shareholders to wind up with zero. Most biotech companies have intriguing stories on paper; Ocugen is no different. Investors appear to expect that Bharat's big win for Covaxin in India could translate to success for Ocugen in the U.S. On Dec. 22, Ocugen and Bharat announced a binding letter of intent to jointly develop Covaxin for the U.S. market. Guys, theres no revenue here! 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 As of this writing, Vince Martin has no positions in any securities mentioned. Ocugen had to go an unusual route to go public. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Stock Price Forecast The 6 analysts offering 12-month price forecasts for Ocugen Inc have a median target of 4.75, with a high estimate of 8.00 and a low estimate of 3.00. The $25 million private placement executed before the merger brought in much-needed cash. Names like Ocugen (NASDAQ:OCGN) arent trading for about 50 cents apiece by accident. For most of its history, what we now know as Ocugen stock was Histogenics, a cell therapy company focused on orthopedics. Ocugen Inc. is a clinical stage biopharmaceutical company. What Is the Best EV Stock to Buy Now? So, what goes wrong? Conditions only seem to get worse for Ocugen (NASDAQ:OCGN). In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. Ocugen executives even sounded cautiously optimistic in the company's fourth-quarter conference call last month. Weve now already seen a 50% correction in the stock price, with shares changing hands around 46 cents per share. Ocugen Stock Crashes: What Should Investors Do Now? Ocugen stock jumps following positive Covid vaccine study results There's no way, however, to know what the COVID-19 vaccine market dynamics will be two years from now. OCGN | Ocugen Inc. Stock Price & News - WSJ Theres even room for more lines. CanSinoBio will receive some of the profits, but Ocugen still would skyrocket with FDA approval and ensuing revenue and there are more products in the pipeline. Emergency Use Authorization (EUA) for Covaxin, the COVID-19 vaccine developed by Ocugen's partner, Bharat Biotech. Copyright It has real management. Not an offer or recommendation by Stocktwits. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Ocugen abandoned its pursuit of a U.S. EUA for Covaxin in immunizing adults last year. Lorem ipsum dolor sit amet, consectetur adipiscing elit. The simplest thing to do is to hang onto the stock and hope that it recovers sooner or later (which is a possibility). Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. 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. There's still a chance that the vaccine could receive a green light in Canada. The Motley Fool has no position in any of the stocks mentioned. Please check your download folder. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. To make the world smarter, happier, and richer. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does. However, when that occurred, Ocugen stock lost most of its value. Maybe it pans out for Ocugen and I wish the team (and its investors) the best of luck. The FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. The FDA's decision not to issue EUA really wasn't all that surprising, though. Do not expect this to become the biotech who made good like Biogen (NASDAQ:BIIB). Its certainly possible. Hold) without suggesting a price target. 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! The company's product pipeline consists of OCU400, OCU300, OCU100 and OCU200 which are in clinical stage. *Average returns of all recommendations since inception. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. For now, though, what happens in India stays in India. Its product pipeline candidates include OCU400, OCU410, OCU200, and COVAXIN. How long might it take for Ocugen to win full FDA approval for Covaxin? 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. What Is the Best EV Stock to Buy Now? When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The Motley Fool has a disclosure policy. From a broader perspective, the risk is the same as it is across biotech: most candidates fail. The broad point here is that, even with a ~$30 million market capitalization (based on updated share count information disclosed in an 8-K filing on Dec. 9), this is a company with a legitimate opportunity. 7 Penny Stocks Poised for Explosive Growth in 2023, With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell. OCGN Stock Forecast 2022 and 2025: Is Ocugen Set to Explode? Ocugen. Unfortunately for longs, OCGN is much closer to the worst of conditions. It's likely that the company will take longer to file for full FDA approval of the vaccine than Moderna will. 2023 InvestorPlace Media, LLC. Part of the proceeds will be used to support its partnership with Bharat. The average Ocugen stock price for the last 52 weeks is 2.10. CEO Shankar Musunuri stated that he was "pleased to say" that Ocugen was in discussions with the FDA about the data it had submitted for the pediatric EUA. (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. It has real products. Almost all the headlines about Ocugen in the past year have been about the companys COVID-19 vaccine candidate. Why Ocugen Stock Is Crashing Today | The Motley Fool - Nasdaq But if they do, Ocugen stock at the least looks like an intriguing bet. Related Link: If You Invested $1,000 In Moderna Stock One Year Ago, Here's How Much You'd Have Now. Pricing likely would be favorable, given the lack of alternative treatments. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days later. CFO Sanjay Subramanian said that there was "the potential for near-term revenue," depending on the EUA. 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. Copyright 2023 InvestorPlace Media, LLC. MALVERN, Pa., April 28, 2021 (GLOBE NEWSWIRE) -- Ocugen, Inc. (Nasdaq: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing gene therapies to cure blindness. But just because a company does not have crippling debt doesnt mean its a buy. Do Not Sell My Personal Information (CA Residents Only). COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Now, with the stock trading near the 40-cent per share level, its prospects have taken a dramatic turn for the worse. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. And its at least possible that OCGN could wind up being a winner. The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. If You Invested $1,000 In Ocugen Stock One Year Ago, Here's - Insider See disclosure here. Making the world smarter, happier, and richer. The Motley Fool has no position in any of the stocks mentioned. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. The next key catalyst for the biotech stock could be the announcement of the details of the plan to win EUA for Covaxin in the U.S. market. Type a symbol or company name. Ocugen ( NASDAQ: OCGN) has been one of the more polarizing story stocks of 2021. Ocugen Inc Stock - OCGN Share Price Today, News and Discussion 0.90% SPY 0.59% QQQ 0.60% TSLA 6.12% SI 60.35% CRM 11.51% RIVN 0.32% ARKK 0.96% RLY.X 56.44% PLUG 6.72% V 0.22% CDIO 13.87% RETA 5.92% More Advertisement 3rd Party Ad. This decision. Matthew McCall left Wall Street toactually helpinvestors by getting them into the worlds biggest, most revolutionary trends BEFORE anyone else. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The Ocugen 52-week low stock price is 0.93, which is 1.1% below the current share price.
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