The average Ocugen stock price for the last 52 weeks is 2.10. Custom BMW. *Stock Advisor returns as of June 7, 2021. First, the balance sheet is in at least decent shape. 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! 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 reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. It's likely that the company will take longer to file for full FDA approval of the vaccine than Moderna will. Its certainly possible. 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. The Ocugen deal is a way to salvage some limited value. 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. Ocugen: Peripheral Scandals Taint This Expired COVID-19 'Me-Too' Longshot In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. This can prove to be a costly lesson to learn. So far, that merger hasnt worked out for Histogenics former shareholders. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. Please check your download folder. OCGN Stock Forecast 2022 and 2025: Is Ocugen Set to Explode? And its at least possible that OCGN could wind up being a winner. If You Invested $1,000 In Ocugen Stock One Year Ago, Here's - Insider Click here to see what Matt has up his sleeve now. Making the world smarter, happier, and richer. The average price target among the five analysts covering the stock is $6, suggesting 27.9% downside from current levels. Nasdaq Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. The stock dropped as low as 26 cents during the height of the pandemic fears in March 2020. That doesnt mean success is guaranteed. All rights reserved. Ocugen sold $25 million of stock in a private placement before the merger.
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