That product drives the current bull case for Ocugen stock. It has no treatments to offer the market. The company has a gene therapy platform as well as two preclinical compounds that aim to treat retinal diseases. In fact, the SPDR S&P 500 (NYSE:SPY) total return over the last 12 months is 34.2%. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. The FDA's decision not to issue EUA really wasn't all that surprising, though. How long might it take for Ocugen to win full FDA approval for Covaxin? The equity has experienced a continual decline for years. 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. With no effective treatments, and without a clear reason to exist, I would avoid buying Ocugen stock even as a speculative play. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their. Here are three prudent steps to take. Thats the thing with these low-priced penny stocks. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization (EUA) in India for COVID-19 vaccine Covaxin. 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. Histogenics shareholders then received about 14% of the company, according to the merger prospectus. Most biotech companies have intriguing stories on paper; Ocugen is no different. The Motley Fool recommends Moderna Inc. This decision. You never know when they will suddenly go on a squeeze. Shares of Ocugen (OCGN 4.03%) were crashing 19.2% lower as of 11:23 a.m. Looking ahead, analysts are skeptical Covaxin will provide the upside Ocugen bulls are expecting. And its at least possible that OCGN could wind up being a winner. *Average returns of all recommendations since inception. 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. The sale of NeoCart, which still is pending, can bring in another $8 million, based on the current agreement. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. There's still a chance that the vaccine could receive a green light in Canada. *Stock Advisor returns as of November 20, 2020. Biotechnology stocks like Ocugen (NASDAQ:OCGN) are among the markets riskiest plays. Companies will inevitably be optimistic about their prospects for success (at least publicly). If it goes down, your loss won't be as great as it would be if you held onto all of your shares. Ocugen. 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. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. 7 Penny Stocks Poised for Explosive Growth in 2023, Ocugen Stock Is Not for the Faint of Heart. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days. Conditions have only become worse since that time. 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? But there is no question some big-name stocks performed better than others along the way. But any success they find will be without me as a shareholder. Covaxin doesn't have an advantage in terms of dosing compared to these leading vaccines. Hold) without suggesting a price target. Even before that point, the most promising candidates generally can find funding. Ocugens Big Run: One company that has been a home-run investment in the last year has been biotech stock Ocugen Inc (NASDAQ:OCGN). Copyright Ocugen Chairman and CEO Shankar Musunuri Ocugen The company's stock opened at $8.24 per share Tuesday, up 96 cents. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. Sign up below to get this incredible offer! Those lessons will vary between different investors, but I'll point out a major one to keep in mind. These symbols will be available throughout the site during your session. The company does not earn revenue, relying on grants, a dwindling cash position, and stock dilution to keep its doors open. Historical daily share price chart and data for Ocugen since 2023 adjusted for splits. Since its merger, Ocugen stock has continued the decline that occurred under the company that it took over, Histogenics. That doesnt mean success is guaranteed. 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 . The Motley Fool has no position in any of the stocks mentioned. 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. 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. The median estimate. Names like Ocugen (NASDAQ:OCGN) arent trading for about 50 cents apiece by accident. 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. The combined company has an agreement to sell the rights to NeoCart to privately held Medavate, leaving it reliant on Ocugens pipeline. You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. The simplest thing to do is to hang onto the stock and hope that it recovers sooner or later (which is a possibility). Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Realistically, Ocugen is probably looking at potential approval of Covaxin in mid-2023 at the earliest. 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. After encouraging preliminary results, Ocugen began trying to sell 100 million doses of the vaccine in February. Bharat Biotech has a history of successful vaccine commercialization in South Asia. 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. OCGN does not even appear to have an apparent reason to exist. Still, Ocugens balance sheet isnt as dire as its share price might suggest. UPDATE 1-Soccer-Traore on target as Wolves stun wasteful Spurs, Peruvian communities to resume blockade of crucial "mining corridor", One student loan forgiveness effort 'hasnt gotten the attention it deserves': expert, RPT-Death toll in strike on Ukraine's Zaporizhzhia rises to 11 - officials, Soccer-Traore on target as Wolves stun wasteful Spurs. Do not expect a recovery in Ocugen stock. Keith Speights has no position in any of the stocks mentioned. The biotech stock promptly crashed by more than 30%. Investors need to understand the risk profile here. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Its top officers have experience at Pfizer (NYSE:PFE) and other well-respected pharmaceutical and biotechnology companies. 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. If youre not convinced by now, maybe you will consider OCGN stock a poor investment when looking at the fundamentals. The OCGN stock forecast 2022 outlook suggests that Ocugen's stock may struggle in the short term. Long-term debt of $1.6 million is not a back-breaker either. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. Investors who have owned stocks in the last year have generally experienced some big gains. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Honestly, OCGN stock is unlikely to survive. Ill be sticking to the stocks that are actually working. Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. 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. This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. The company stated that it will pursue a path to file for full FDA approval of Covaxin. Investors should worry about companies with no revenue even under the best of circumstances. ET on Friday. Investing is always a game of balancing risk and reward. The reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. How can we possibly evaluate a stock on a fundamental basis with that being reality? The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. The FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. What Is the Best EV Stock to Buy Now? Source: Chart courtesy of StockCharts.com. By the beginning of March, the stock was still trading at 45 cents as news of the coronavirus spreading in China prompted concerns about a U.S. pandemic. 1125 N. Charles St, Baltimore, MD 21201.
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