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's offering COVAXIN, a whole-viron inactivated COVID-19 vaccine candidate, has already shown promise in Phase 1 and 2 clinical trials in India and the enrollment of 26,000 subjects for the Phase 3 study is currently underway. Please check your download folder. Those lessons will vary between different investors, but I'll point out a major one to keep in mind. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Still, Ocugens balance sheet isnt as dire as its share price might suggest. 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. Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Moreover, Histogenics existed to treat orthopedic conditions, while Ocugen focused on rare eye diseases. It has real products. The stock had gained some traction after they announced the Ocugen merger in April. The FDA's decision not to issue EUA really wasn't all that surprising, though. The equity has experienced a continual decline for years. OCGN does not even appear to have an apparent reason to exist. The Ocugen deal is a way to salvage some limited value. However, sometimes the optimism isn't justified. Investors who have owned stocks in the last year have generally experienced some big gains. Sign up below to get this incredible offer! Even before that point, the most promising candidates generally can find funding. Maybe. 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. Investing is always a game of balancing risk and reward. All rights reserved. You canfollow Will on Twitterat @HealyWriting. For now, though, what happens in India stays in India. The company does not earn revenue, relying on grants, a dwindling cash position, and stock dilution to keep its doors open. Biotechnology stocks like Ocugen (NASDAQ:OCGN) are among the markets riskiest plays. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. Source: Chart courtesy of StockCharts.com. Names like Ocugen (NASDAQ:OCGN) arent trading for about 50 cents apiece by accident. 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. 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. 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. As with many biotech stocks, the most likely outcome is for the company to fail, and for shareholders to wind up with zero. There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does. The OCGN stock forecast 2022 outlook suggests that Ocugen's stock may struggle in the short term. The vaccine reportedly has a 78% efficacy rate against COVID-19, significantly lower than leading vaccines granted FDA emergency authorization. Article printed from InvestorPlace Media, https://investorplace.com/2020/01/ocugen-stock-faint-heart/. I will just say this on Ocugen: Theres a reason it trades for sub-$1 after hitting resistance near $180 in 2018. Making the world smarter, happier, and richer. This can prove to be a costly lesson to learn. There's still a chance that the vaccine could receive a green light in Canada. quotes delayed at least 15 minutes, all others at least 20 minutes. ET on Friday. It peaked at a split-adjusted level of around $778 per share soon after its initial public offering in 2014. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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 (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. That product drives the current bull case for Ocugen stock. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. Do not expect this to become the biotech who made good like Biogen (NASDAQ:BIIB). Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Theres even room for more lines. Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. That's right -- they think these 10 stocks are even better buys. The first is that Ocugen is facing potential delisting from the NASDAQ given that its share price still sits well below $1. It has real management. The stock had gained some traction after they announced the. What should investors do now? Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. Events - Ocugen 7 Penny Stocks Poised for Explosive Growth in 2023, With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell. If it goes down, your loss won't be as great as it would be if you held onto all of your shares. Cost basis and return based on previous market day close. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide. Investors should worry about companies with no revenue even under the best of circumstances. Custom BMW. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. Accordingly, the analyst rates OCGN a Neutral (i.e. From a broader perspective, the risk is the same as it is across biotech: most candidates fail. The risk-reward proposition for Ocugen is obviously much different now than it was when individuals were buying the stock over the last several months. Shares of Ocugen (OCGN 4.03%) were crashing 19.2% lower as of 11:23 a.m. But any success they find will be without me as a shareholder. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. 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. For priority reviews, the timeline for an approval decision is reduced to six months. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. All rights reserved. Can you feel the ground moving beneath your feet? Add in a $31 million market capitalization and potentially significant cash burn, and Ocugen stock self-evidently is not for risk-averse investors. 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? Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Here are three prudent steps to take. 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. The company is led by CEO and Co-founder, Shankar Musunuri, and entered into the public equity market in 2019 via. Do not expect a recovery in Ocugen stock. 7 Travel Stocks to Buy Banking On Pent-Up Demand. Ocugen Chairman and CEO Shankar Musunuri Ocugen The company's stock opened at $8.24 per share Tuesday, up 96 cents. Investors were hopeful that the small drugmaker would be able to win U.S. 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. A $30 million market capitalization doesnt mean Ocugen has no chance. Click here to see what Matt has up his sleeve now. The Motley Fool has no position in any of the stocks mentioned. Most biotech companies have intriguing stories on paper; Ocugen is no different. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Thats one of the best rallies weve seen in that amount of time (95 trading sessions, 136 days). See disclosure here. On its first trading day as OCGN stock, it lost almost 64% of its value and closed that day at $2.85 per share. Historical daily share price chart and data for Ocugen since 2023 adjusted for splits. However, when that occurred, Ocugen stock lost most of its value. Other than an emphasis on cell therapies, the companies had almost nothing in common. Even at around 40 cents per share, I would consider Ocugen stock overvalued. The CanSinoBio partnership does help, but Ocugen still has a long way to go with OCU300. Ocugen Inc Stock - OCGN Share Price Today, News and Discussion - Stocktwits 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. It's likely that the company will take longer to file for full FDA approval of the vaccine than Moderna will. That said, for investors who understand the potential downside, there is an intriguing story here. Indeed, the price broke below the 24 December 2018 low at 4.81 and is currently attempting a return move. As of 1:37 p.m. EST, the biopharmaceutical company's stock price was down more than 15%.. 2023 InvestorPlace Media, LLC. This decision isn't surprising, considering that Ocugen previously abandoned the pursuit of an EUA path for the vaccine in adults. Create your Watchlist to save your favorite quotes on Nasdaq.com. What Is the Best EV Stock to Buy Now? Buy These 2 Stocks in 2023 and Hold for the Next Decade, 2 Stocks That Are About to Make Their Shareholders Richer, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, the company's fourth-quarter conference call last month, Copyright, Trademark and Patent Information. 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. Malvern-based biopharmaceutical company Ocugen completed its previously announced $100 million private stock sale. It has no treatments to offer the market. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. Ocugen: Peripheral Scandals Taint This Expired COVID-19 'Me-Too' Longshot The Ocugen deal is a way to salvage some limited value. All rights reserved. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their. Ocugen - Stock Price History | OCGN | MacroTrends However, the Strong Buy consensus rating is backed with a $0.9 price target, which implies downside of 68% from current levels. Gw pharmaceuticals stock dividends will nike stock split soon The content is intended to be used for informational purposes only. If you missed that action, you missed all the gains. The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. Hold) without suggesting a price target. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days later. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. In 2018, its NeoCart biologic failed to meet the primary endpoint of its own Phase III trial. The Motley Fool has a disclosure policy. Its product pipeline candidates include OCU400, OCU410, OCU200, and COVAXIN. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. It means that raising capital will be more difficult going forward. 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. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. 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. In fact, the SPDR S&P 500 (NYSE:SPY) total return over the last 12 months is 34.2%. Weve now already seen a 50% correction in the stock price, with shares changing hands around 46 cents per share. 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.. Ocugen Inc., formerly known as Histogenics Cp, is based in Malvern, Pennsylvania. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. Ocugen hasn't stated yet when a potential late-stage study of Covaxin could start. Investors need to understand the risk profile here. *Average returns of all recommendations since inception. 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. However, the marriage of Histogenics and Ocugen looks destined to end in a suicide pact instead of a mere divorce. CFO Sanjay Subramanian said that there was "the potential for near-term revenue," depending on the EUA. Shares declined 85% in three sessions around the closing of the merger, which also included a 1-for-60 reverse stock split. The second is that the balance sheet still needs some help. If you already owned Ocugen stock before the company's disappointing news, you have several alternatives. Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. 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. The average Ocugen stock price for the last 52 weeks is 2.10. The S&P 500 has rallied 52.9% from the March low to its highs on August 6. OCGN Ocugen Inc 155,223 $0.9721 $0.0263 (2.63%) 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. From a near-term standpoint, there are two key risks. The Motley Fool->. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 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. Keith Speights has no position in any of the stocks mentioned. The sale of NeoCart, which still is pending, can bring in another $8 million, based on the current agreement. As of this writing, Matt did not hold a position in any of theaforementioned securities. 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. 1125 N. Charles St, Baltimore, MD 21201. Ocugen sold $25 million of stock in a private placement before the merger. The FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. Shares of Ocugen ( OCGN -3.10%) fell on Tuesday after an analyst sounded a note of caution to investors. Ocugen. 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! 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. 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.. The company stated that it will pursue a path to file for full FDA approval of Covaxin. 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. Type a symbol or company name. OCGN Stock Forecast 2022 and 2025: Is Ocugen Set to Explode? If OCU300 is approved, theres a reasonably large market. (See OCGN stock analysis on TipRanks). And its at least possible that OCGN could wind up being a winner. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days. quotes delayed at least 15 minutes, all others at least 20 minutes. Don't Get Greedy With Ocugen Stock, Says Analyst Theres an opportunity here. market." While it feels cool to buy a thousand shares of OCGN stock vs. a few shares of Amazon (NASDAQ:AMZN), save yourself the heartache. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Why Ocugen Stock Is Crashing Today | The Motley Fool - Nasdaq However, an EUA in India doesn't mean that Covaxin is a slam dunk to win EUA in the U.S., as well. As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. Keith Speights for Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. 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. As of this writing, Vince Martin has no positions in any securities mentioned. Hence, instead of ruining just two lives, this new Ocugen may be destroying the investment future of all who buy. 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. 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. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. That's right -- they think these 10 stocks are even better buys. Its top officers have experience at Pfizer (NYSE:PFE) and other well-respected pharmaceutical and biotechnology companies. The Motley Fool->. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Thats the thing with these low-priced penny stocks. In November, Bharat Biotech began Phase 3 testing of Covaxin in India. Ocugen Inc. Announces Closing of $100 Million Registered 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. Custom BMW #youtube #moto #motorcycle #bike #youtubeshorts #shorts Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. It brings in no revenue. Bharat Biotech has a history of successful vaccine commercialization in South Asia. To make the world smarter, happier, and richer. Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. Ocugen Inc. stock rises Wednesday, outperforms market Feb. 22, 2023 at 5:14 p.m. Almost all the headlines about Ocugen in the past year have been about the companys COVID-19 vaccine candidate. Ocugens Big Run: One company that has been a home-run investment in the last year has been biotech stock Ocugen Inc (NASDAQ:OCGN). First, the balance sheet is in at least decent shape. But just because a company does not have crippling debt doesnt mean its a buy. The $25 million private placement executed before the merger brought in much-needed cash. Type a symbol or company name. 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. OCGN Stock Price | Ocugen Inc. Stock Quote (U.S.: Nasdaq) - MarketWatch 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? The worst news was that another late-stage clinical study will likely be required to support the regulatory filing. Please check your download folder. Over the next few weeks, Ocugen is expected to meet with the FDA to discuss how to advance COVAXINs development. A partnership with a respected Asian biotechnology company offers some validation to the pipeline, and a key product is progressing through Phase III trials. 7 Penny Stocks Poised for Explosive Growth in 2023, Ocugen Stock Is Not for the Faint of Heart. Companies will inevitably be optimistic about their prospects for success (at least publicly). If You Invested $1,000 In Ocugen Stock One Year Ago, Here's - Insider But if they do, Ocugen stock at the least looks like an intriguing bet. Its worth emphasizing: Ocugen stock is a play with enormous risk. Emergency Use . 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.
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