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. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 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. 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 Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. However, even from this limited vantage point, OCGN appears destined to fail. On June 10, though, Ocugen announced that the U.S. Food and Drug Administration (FDA) had effectively shut the door on an EUA filing. The vaccine reportedly has a 78% efficacy rate against COVID-19, significantly lower than leading vaccines granted FDA emergency authorization. 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 Motley Fool recommends Moderna Inc. *Average returns of all recommendations since inception. At the beginning of 2020, Ocugen shares were trading at just 47 cents. Some investors had set their hopes on the FDA being more lenient with pediatric use of Covaxin. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The stock had gained some traction after they announced the Ocugen merger in April. This decision isn't surprising, considering that Ocugen previously abandoned the pursuit of an EUA path for the vaccine in adults. Keith Speights has no position in any of the stocks mentioned. How can we possibly evaluate a stock on a fundamental basis with that being reality? 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. Hence, instead of ruining just two lives, this new Ocugen may be destroying the investment future of all who buy. In 2018, its NeoCart biologic failed to meet the primary endpoint of its own Phase III trial. MALVERN, Pa., May 29, 2018 /PRNewswire/ -- Ocugen, Inc., a rapidly growing ophthalmology company developing a rich clinical pipeline of innovative therapies that address rare and underserved ocular diseases, today announced that it will present at the 2018 BIO International Convention, taking place June 4-7, 2018, in Boston. Article printed from InvestorPlace Media, https://investorplace.com/2019/12/no-pathway-forward-for-ocugen-stock/. The FDA's decision not to issue EUA really wasn't all that surprising, though. The OCGN stock forecast 2022 outlook suggests that Ocugen's stock may struggle in the short term. But the sale of NeoCart appears to not yet have closed after its deadline was extended to allow Medavate to secure financing. 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. With no effective treatments, and without a clear reason to exist, I would avoid buying Ocugen stock even as a speculative play. Sign up below to get this incredible offer! 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. Thats why we give you a wide range of Options on stocks, indices, commodities and FX. The company's product pipeline consists of OCU400, OCU300, OCU100 and OCU200 which are in clinical stage. The first is that Ocugen is facing potential delisting from the NASDAQ given that its share price still sits well below $1. While anything is possible, I would not anticipate a miracle here. ET by MarketWatch Automation Ocugen Inc. stock falls Tuesday, underperforms market Feb. 21, 2023 at 5:14. In this case, shares rallied about four-fold in just a few days. Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. See disclosure here. market." quotes delayed at least 15 minutes, all others at least 20 minutes. Indeed, the price broke below the 24 December 2018 low at 4.81 and is currently attempting a return move. If you missed that action, you missed all the gains. 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. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. 7 Penny Stocks Poised for Explosive Growth in 2023, Ocugen Stock Is Not for the Faint of Heart. Ocugen had to go an unusual route to go public. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. How long might it take for Ocugen to win full FDA approval for Covaxin? However, an EUA in India doesn't mean that Covaxin is a slam dunk to win EUA in the U.S., as well. Nasdaq Moreover, Histogenics existed to treat orthopedic conditions, while Ocugen focused on rare eye diseases. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days later. One thing seems certain, however:Ocugens fate as an investment is closely tied to the ultimate outcome of Covaxin. Typically, I care little about financials with biotechs. It has real products. Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. Ocugen came to the market via what was essentially a reverse merger with Histogenics Corporation, a deal that closed at the end of September. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. 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. Ocugen. There's still a chance that the vaccine could receive a green light in Canada. The Motley Fool->. Investors were hopeful that the small drugmaker would be able to win U.S. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization (EUA) in India for COVID-19 vaccine Covaxin. Invest better with The Motley Fool. Historical daily share price chart and data for Ocugen since 2023 adjusted for splits. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. 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. 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. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. The Motley Fool->. Still, this stock is cheap for reasons that my colleague Josh Enomoto spelled out well. Copyright The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. Copyright 2023 InvestorPlace Media, LLC. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. Don't overlook another approach, especially if you're still sitting on a nice gain even after last week's major sell-off. The Ocugen deal is a way to salvage some limited value. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. Generally, financial analysts struggle with this sector because these equities rise and fall not on revenue or earnings, but the success of clinical trials. However, when that occurred, Ocugen stock lost most of its value. If Ocugen goes up, you can still profit. It has real management. 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. Click here to see what Matt has up his sleeve now. The Motley Fool has a disclosure policy. So, what goes wrong? There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does. In that list, you can even include penny-stock trader. Most biotech companies have intriguing stories on paper; Ocugen is no different. Matthew McCall left Wall Street toactually helpinvestors by getting them into the worlds biggest, most revolutionary trends BEFORE anyone else. OCGN does not even appear to have an apparent reason to exist. Custom BMW. But the allure of the space is that when a company wins, its shareholders win big. 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. You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. 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. 1125 N. Charles St, Baltimore, MD 21201. Can you feel the ground moving beneath your feet? COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. 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. That said, for investors who understand the potential downside, there is an intriguing story here. Cost basis and return based on previous market day close. Other than an emphasis on cell therapies, the companies had almost nothing in common. Pricing likely would be favorable, given the lack of alternative treatments. Source: Chart courtesy of StockCharts.com. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Here are three prudent steps to take. If they invent a miracle treatment for a condition, the money will find its way to the stock. Thats the thing with these low-priced penny stocks. Sign up below to get this incredible offer! Investors should worry about companies with no revenue even under the best of circumstances. Keith Speights owns shares of Pfizer. Maybe OCGN stock will be one of them again. Create your Watchlist to save your favorite quotes on Nasdaq.com. For priority reviews, the timeline for an approval decision is reduced to six months. The sale of NeoCart, which still is pending, can bring in another $8 million, based on the current agreement. 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. 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. 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. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. The stock had gained some traction after they announced the. Plus500. Ocugen ( NASDAQ: OCGN) has been one of the more polarizing story stocks of 2021. Type a symbol or company name. Thats one of the best rallies weve seen in that amount of time (95 trading sessions, 136 days). Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. Almost all the headlines about Ocugen in the past year have been about the companys COVID-19 vaccine candidate. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their. Nasdaq 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. (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. This can prove to be a costly lesson to learn. Nor should one look forward to OCGN stock to becoming the next GW Pharmaceuticals (NASDAQ:GWPH) or Cara Therapeutics (NASDAQ:CARA). The Motley Fool has no position in any of the stocks mentioned. That doesnt mean success is guaranteed. 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.. Please check your download folder. Assuming it wins approval for the vaccine, the challenge for the company then will be to achieve commercial success. In fact, $1,000 in Ocugen stock bought on Aug. 9, 2020, would be worth about $15,100 today. The company initiated its Phase 3 trial of OCU300 back in July 2018. Long-term debt of $1.6 million is not a back-breaker either. If you already owned Ocugen stock before the company's disappointing news, you have several alternatives. For example, after the FDA revised its guidelines for the EUA process for COVID-19 vaccines, Ocugen's CEO stated, "Since we have been in discussions with the FDA since late last year, we do not believe that the FDA's recently revised guidance regarding EUAs raises any concerns about our ability to submit the EUA for Covaxin as planned." 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. 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. It means that raising capital will be more difficult going forward. What Is the Best EV Stock to Buy Now? The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization. (See OCGN stock analysis on TipRanks). Investors need to understand the risk profile here. Instead, this appears destined to join the long list of failed biotech startups. 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 Ocugen 52-week low stock price is 0.93, which is 1.1% below the current share price. 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. Those reverse splits generally are poorly received by the market, even if in theory they should have little to no practical impact on trading. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. Emergency Use Authorization (EUA) for Covaxin, the COVID-19 vaccine developed by Ocugen's partner, Bharat Biotech. 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! Type a symbol or company name. The S&P 500 has rallied 52.9% from the March low to its highs on August 6. Article printed from InvestorPlace Media, https://investorplace.com/2020/01/ocugen-stock-faint-heart/. Ocugen sold $25 million of stock in a private placement before the merger. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. It's hard to say for sure. 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. According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. Ocugen shares jumped to $3.50 on massive volume in December when the Covaxin partnership was announced. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. Keith Speights has no position in any of the stocks mentioned. 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. As of this writing, Matt did not hold a position in any of theaforementioned securities. CanSinoBio will be able to fund much of the development of OCU300, Ocugens flagship product that targets oGVHD (ocular graft versus host disease), a common complication of bone marrow transplants. The Motley Fool has a disclosure policy. That product drives the current bull case for Ocugen stock. Add in a $31 million market capitalization and potentially significant cash burn, and Ocugen stock self-evidently is not for risk-averse investors. The Ocugen deal is a way to salvage some limited value. The $25 million private placement executed before the merger brought in much-needed cash. 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. The short answer is: everything. The newly renamed Ocugen stock kept declining through year-end, but has managed to stage a bit of a rally in 2020, gaining 15% year-to-date. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Do not expect a recovery in Ocugen stock. Investing is always a game of balancing risk and reward. The stock ultimately hit its 2020 low on June 1 at a price of just 17 cents. Some of the names will rally big, putting together epic squeezes that can double or triple the stock prices in just a few days. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Type a symbol or company name. The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. Do Not Sell My Personal Information (CA Residents Only). 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. Ocugen Inc., formerly known as Histogenics Cp, is based in Malvern, Pennsylvania. Emergency Use . quotes delayed at least 15 minutes, all others at least 20 minutes. To find good ideas for coronavirus stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. 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. Looking ahead, analysts are skeptical Covaxin will provide the upside Ocugen bulls are expecting. Still, Ocugens balance sheet isnt as dire as its share price might suggest. 1125 N. Charles St, Baltimore, MD 21201. Covaxin doesn't have an advantage in terms of dosing compared to these leading vaccines. 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. First, the balance sheet is in at least decent shape. Learn More. 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? In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide. Like other life sciences companies involved in Covid-19 vaccine. 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. This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. But there is no question some big-name stocks performed better than others along the way. 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. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. These options will be cheaper than owning the stock itself. The chances of anything more are small but the rewards could be huge. Hold) without suggesting a price target. The generic form of brimonidine, the active ingredient, is not approved for the condition, according to Ocugens most recent presentation. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 7 Penny Stocks Poised for Explosive Growth in 2023, With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell. 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. Maybe. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. The FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. The Motley Fool has a disclosure policy. 1125 N. Charles St, Baltimore, MD 21201. Even before that point, the most promising candidates generally can find funding. This decision. Ocugen Chairman and CEO Shankar Musunuri Ocugen The company's stock opened at $8.24 per share Tuesday, up 96 cents. Keith Speights for Please check your download folder. On its first trading day as OCGN stock, it lost almost 64% of its value and closed that day at $2.85 per share. Like Pfizer's BNT162b2 and Moderna's mRNA-1273, it requires two doses. What should investors do now? 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. The statistics support having long-term exposure to this asset class. You could sell some or all of your Ocugen shares and buy long-term call options on the stock. For now, though, what happens in India stays in India. It's easy to become such a huge fan of a stock that you lose objectivity about its prospects. I am all for a good opportunity, but I dont know why some investors insist on penny stocks. 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. Bharat Biotech has a history of successful vaccine commercialization in South Asia.
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