Keith Speights has no position in any of the stocks mentioned. After encouraging preliminary results, Ocugen began trying to sell 100 million doses of the vaccine in February. What Is the Best EV Stock to Buy Now? Copy and paste multiple symbols separated by spaces. 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. Like Pfizer's BNT162b2 and Moderna's mRNA-1273, it requires two doses. 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. This decision. The stock ultimately hit its 2020 low on June 1 at a price of just 17 cents. The biotech stock promptly crashed by more than 30%. These symbols will be available throughout the site during your session. In November, Bharat Biotech began Phase 3 testing of Covaxin in India. *Stock Advisor returns as of June 7, 2021. The generic form of brimonidine, the active ingredient, is not approved for the condition, according to Ocugens most recent presentation. From the outside looking inward, it looks like a marriage of two people who got together simply because nobody else would take them. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. Ocugen Inc Stock - OCGN Share Price Today, News and Discussion - Stocktwits 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. After all, one cannot expect Ocugen stock to cure its ills when the company itself has fallen into critical condition. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days. Type a symbol or company name. And a partnership with Chinas CanSino Biologics (OTCMKTS:CASBF) should help the company develop its pipeline. It announced on Dec. 9 of last year 17 months later that it was 50% through enrollment. Sign up below to get this incredible offer! Ocugen Chairman and CEO Shankar Musunuri Ocugen The company's stock opened at $8.24 per share Tuesday, up 96 cents. Investors should definitely reevaluate Ocugen's prospects in light of the company's bad news announced last week. Ocugen came to the market via what was essentially a reverse merger with Histogenics Corporation, a deal that closed at the end of September. There's still a chance that the vaccine could receive a green light in Canada. 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. The FDA told the company in June 2021 that it should instead follow the standard path to full approval of the vaccine in adults. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. 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. Shares of Ocugen (OCGN 4.03%) were crashing 19.2% lower as of 11:23 a.m. The simplest thing to do is to hang onto the stock and hope that it recovers sooner or later (which is a possibility). The Ocugen deal is a way to salvage some limited value. While it feels cool to buy a thousand shares of OCGN stock vs. a few shares of Amazon (NASDAQ:AMZN), save yourself the heartache. If were playing that game then Im buying LEAP call options on Apple and Amazon in March. Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. OCGN Ocugen Inc 155,223 $0.9721 $0.0263 (2.63%) 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. 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." The all-time high Ocugen stock closing price was, The average Ocugen stock price for the last 52 weeks is. Thats the thing with these low-priced penny stocks. Still, Ocugens balance sheet isnt as dire as its share price might suggest. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. You canfollow Will on Twitterat @HealyWriting. The Ocugen 52-week high stock price is 4.03, which is 328.7% above the current share price. 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. 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. Most biotech companies have intriguing stories on paper; Ocugen is no different. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Create your Watchlist to save your favorite quotes on Nasdaq.com. Other than an emphasis on cell therapies, the companies had almost nothing in common. 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. That's right -- they think these 10 stocks are even better buys. That's not going to happen now. 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. From a near-term standpoint, there are two key risks. Thats one of the best rallies weve seen in that amount of time (95 trading sessions, 136 days). In fact, $1,000 in Ocugen stock bought on Aug. 9, 2020, would be worth about $15,100 today. That's right -- they think these 10 stocks are even better buys. The CanSinoBio partnership does help, but Ocugen still has a long way to go with OCU300. OCGN | Ocugen Inc. Stock Price & News - WSJ Accordingly, the analyst rates OCGN a Neutral (i.e. Ill be sticking to the stocks that are actually working. The FDA's decision not to issue EUA really wasn't all that surprising, though. That said, for investors who understand the potential downside, there is an intriguing story here. 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. There's no way, however, to know what the COVID-19 vaccine market dynamics will be two years from now. ET on Friday. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The market capitalization of Relmada Therapeutics (NASDAQ:RLMD) went from under $10 million at the end of 2017 to over $500 million at the moment. The Ocugen 52-week low stock price is 0.93, which is 1.1% below the current share price. Plus500. With No Revenue or Approved Treatments, Ocugen Stock Is a - Insider For now, though, what happens in India stays in India. Long-term debt of $1.6 million is not a back-breaker either. Copyright 2023 InvestorPlace Media, LLC. Not an offer or recommendation by Stocktwits. What should investors do now? Written by 1125 N. Charles St, Baltimore, MD 21201. Generally, financial analysts struggle with this sector because these equities rise and fall not on revenue or earnings, but the success of clinical trials. 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. It took Moderna roughly 10 months from the initiation of the late-stage study for its COVID-19 vaccine to the point where the company filed for full FDA approval. 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? The Motley Fool has no position in any of the stocks mentioned. ET by MarketWatch Automation Ocugen Inc. stock falls Tuesday, underperforms market Feb. 21, 2023 at 5:14. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. But the allure of the space is that when a company wins, its shareholders win big. Like other life sciences companies involved in Covid-19 vaccine. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. 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. This decision isn't surprising, considering that Ocugen previously abandoned the pursuit of an EUA path for the vaccine in adults. Add in a $31 million market capitalization and potentially significant cash burn, and Ocugen stock self-evidently is not for risk-averse investors. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Bharat Biotech has a history of successful vaccine commercialization in South Asia. Looking ahead, analysts are skeptical Covaxin will provide the upside Ocugen bulls are expecting. Sign up below to get this incredible offer! Don't overlook another approach, especially if you're still sitting on a nice gain even after last week's major sell-off. Ocugen Inc. Announces Closing of $100 Million Registered Now, with the stock trading near the 40-cent per share level, its prospects have taken a dramatic turn for the worse. The Nasdaq has been even more impressive, rallying 67.7% in the same time frame and hitting new all-time highs in the process. Investing is always a game of balancing risk and reward. Written by These symbols will be available throughout the site during your session. Please check your download folder. *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. Companies will inevitably be optimistic about their prospects for success (at least publicly). Ocugen completes $100M stock sale as it works with Bharat Biotech on Invest better with The Motley Fool. However, when that occurred, Ocugen stock lost most of its value. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization. Biotechnology stocks like Ocugen (NASDAQ:OCGN) are among the markets riskiest plays. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Is Ocugen Stock Still Worth Buying After Its 800%-Plus Rally? Analyst Keith Speights for You never know when they will suddenly go on a squeeze. According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. OCGN | Ocugen Inc. Stock Price & News - WSJ Ocugen Inc. OCGN (U.S.: Nasdaq) REAL TIME 12:30 PM EST 02/21/23 $0.9819USD -0.0981 -9.08% Volume 3,761,699 65 Day Avg Vol 5,026,332 1 Day Range. Some of the names will rally big, putting together epic squeezes that can double or triple the stock prices in just a few days. Pricing likely would be favorable, given the lack of alternative treatments. Create your Watchlist to save your favorite quotes on Nasdaq.com. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. One thing seems certain, however:Ocugens fate as an investment is closely tied to the ultimate outcome of Covaxin. 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. The $25 million private placement executed before the merger brought in much-needed cash. Ocugens Big Run: One company that has been a home-run investment in the last year has been biotech stock Ocugen Inc (NASDAQ:OCGN). This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. 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 FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. The Ocugen deal is a way to salvage some limited value. Keith Speights has no position in any of the stocks mentioned. 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. It has no treatments to offer the market. Investors were hopeful that the small drugmaker would be able to win U.S. But it does mean something. 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.
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