You never know when they will suddenly go on a squeeze. 7 Travel Stocks to Buy Banking On Pent-Up Demand. 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. (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. It's likely that the company will take longer to file for full FDA approval of the vaccine than Moderna will. The company stated that it will pursue a path to file for full FDA approval of Covaxin. 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. It has no treatments to offer the market. How long might it take for Ocugen to win full FDA approval for Covaxin? 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. The Motley Fool has a disclosure policy. On June 10, though, Ocugen announced that the U.S. Food and Drug Administration (FDA) had effectively shut the door on an EUA filing. If OCU300 is approved, theres a reasonably large market. The equity has experienced a continual decline for years. The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. Investors were hopeful that the small drugmaker would be able to win U.S. Ocugen estimates the drug could have as many as 63,000 potential patients. Its all about choice. In fact, $1,000 in Ocugen stock bought on Aug. 9, 2020, would be worth about $15,100 today. Add in a $31 million market capitalization and potentially significant cash burn, and Ocugen stock self-evidently is not for risk-averse investors. 7 Penny Stocks Poised for Explosive Growth in 2023, Ocugen Stock Is Not for the Faint of Heart. 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. For priority reviews, the timeline for an approval decision is reduced to six months. (See OCGN stock analysis on TipRanks). 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. 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. 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. The Motley Fool has no position in any of the stocks mentioned. Source: Chart courtesy of StockCharts.com. It brings in no revenue. Emergency Use Authorization (EUA) for Covaxin, the COVID-19 vaccine developed by Ocugen's partner, Bharat Biotech. 1125 N. Charles St, Baltimore, MD 21201. Our 3 Top Picks. So, what goes wrong? It means that raising capital will be more difficult going forward. 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. The odds of Ocugen stock winding up at zero are material. With this, the newly formed Ocugen initiated a 60:1 reverse stock split. OCGN does not even appear to have an apparent reason to exist. On its first trading day as OCGN stock, it lost almost 64% of its value and closed that day at $2.85 per share. Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. The potential synergies of such a union do not seem clear. In that list, you can even include penny-stock trader. Keith Speights has no position in any of the stocks mentioned. Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. *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. Nano-cap biotech play Ocugen has an intriguing story and a ton of risk. 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. 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.. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Lorem ipsum dolor sit amet, consectetur adipiscing elit. 2023 InvestorPlace Media, LLC. Making the world smarter, happier, and richer. ET by MarketWatch Automation Ocugen Inc. stock falls Tuesday, underperforms market Feb. 21, 2023 at 5:14. 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 reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. Guys, theres no revenue here! After encouraging preliminary results, Ocugen began trying to sell 100 million doses of the vaccine in February. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days later. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. 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. Ocugens Big Run: One company that has been a home-run investment in the last year has been biotech stock Ocugen Inc (NASDAQ:OCGN). Keith Speights for Moreover, Histogenics existed to treat orthopedic conditions, while Ocugen focused on rare eye diseases. The worst news was that another late-stage clinical study will likely be required to support the regulatory filing. 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! Maybe. Investors need to understand the risk profile here. But the sale of NeoCart appears to not yet have closed after its deadline was extended to allow Medavate to secure financing. Histogenics itself highlights the risks involved in small-cap biotech. 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. 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. Copy and paste multiple symbols separated by spaces. Typically, I care little about financials with biotechs. Here are three prudent steps to take. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. For now, the biggest near-term hope for Covaxin may be that Canada or another developed economy will buy the vaccine to share with developing nations. It has real products. The second is that the balance sheet still needs some help. Investors should worry about companies with no revenue even under the best of circumstances. Nasdaq We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization. The combined company has an agreement to sell the rights to NeoCart to privately held Medavate, leaving it reliant on Ocugens pipeline. Investors should definitely reevaluate Ocugen's prospects in light of the company's bad news announced last week. The Ocugen deal is a way to salvage some limited value. All rights reserved. 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. It's easy to become such a huge fan of a stock that you lose objectivity about its prospects. The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. But realizing value in practice usually is a difficult endeavor. 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. A $30 million market capitalization doesnt mean Ocugen has no chance. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization (EUA) in India for COVID-19 vaccine Covaxin. That said, for investors who understand the potential downside, there is an intriguing story here. Copy and paste multiple symbols separated by spaces. Ocugen. Biotechnology stocks like Ocugen (NASDAQ:OCGN) are among the markets riskiest plays. Shares of Ocugen ( OCGN -3.10%) fell on Tuesday after an analyst sounded a note of caution to investors. How can we possibly evaluate a stock on a fundamental basis with that being reality? Investors were hopeful that the small drugmaker would be able to win U.S. I am all for a good opportunity, but I dont know why some investors insist on penny stocks. The Ocugen 52-week high stock price is 4.03, which is 328.7% above the current share price. Type a symbol or company name. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. All rights reserved. Maybe it pans out for Ocugen and I wish the team (and its investors) the best of luck. The company has a gene therapy platform as well as two preclinical compounds that aim to treat retinal diseases. But just because a company does not have crippling debt doesnt mean its a buy. The simplest thing to do is to hang onto the stock and hope that it recovers sooner or later (which is a possibility). All rights reserved. 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 According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. While it feels cool to buy a thousand shares of OCGN stock vs. a few shares of Amazon (NASDAQ:AMZN), save yourself the heartache. Thats one of the best rallies weve seen in that amount of time (95 trading sessions, 136 days). Ocugen abandoned its pursuit of a U.S. EUA for Covaxin in immunizing adults last year. 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. It's hard to say for sure. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Even though Ocugen did raise $25 million in a private placement, the story behind OCU300 clearly was not enough to support an initial public offering on its own. I will just say this on Ocugen: Theres a reason it trades for sub-$1 after hitting resistance near $180 in 2018. That's not going to happen now. The company's product pipeline consists of OCU400, OCU300, OCU100 and OCU200 which are in clinical stage. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. 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. Start trading Options with Saxo today. Ill be sticking to the stocks that are actually working. 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. If were playing that game then Im buying LEAP call options on Apple and Amazon in March. However, even from this limited vantage point, OCGN appears destined to fail. 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. Thats why we give you a wide range of Options on stocks, indices, commodities and FX. Do not expect this to become the biotech who made good like Biogen (NASDAQ:BIIB). 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. Shares of Ocugen (OCGN 4.03%) were crashing 19.2% lower as of 11:23 a.m. From a near-term standpoint, there are two key risks. What Is the Best EV Stock to Buy Now? Create your Watchlist to save your favorite quotes on Nasdaq.com. Almost all the headlines about Ocugen in the past year have been about the companys COVID-19 vaccine candidate. Companies will inevitably be optimistic about their prospects for success (at least publicly). The Motley Fool->. Realistically, Ocugen is probably looking at potential approval of Covaxin in mid-2023 at the earliest. 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, With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide. Copyright 2023 InvestorPlace Media, LLC. This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. Ocugen Inc. stock rises Wednesday, outperforms market Feb. 22, 2023 at 5:14 p.m. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Create your Watchlist to save your favorite quotes on Nasdaq.com. This can prove to be a costly lesson to learn. 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. Custom BMW. Weve now already seen a 50% correction in the stock price, with shares changing hands around 46 cents per share. Investors who have owned stocks in the last year have generally experienced some big gains. *Stock Advisor returns as of June 7, 2021. The FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. The short answer is: everything. The average Ocugen stock price for the last 52 weeks is 2.10. Names like Ocugen (NASDAQ:OCGN) arent trading for about 50 cents apiece by accident. That's right -- they think these 10 stocks are even better buys. 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? However, when that occurred, Ocugen stock lost most of its value. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. Can you feel the ground moving beneath your feet? Its certainly possible. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. But if they do, Ocugen stock at the least looks like an intriguing bet. If they invent a miracle treatment for a condition, the money will find its way to the stock. Plus500. With no effective treatments, and without a clear reason to exist, I would avoid buying Ocugen stock even as a speculative play. The stock had gained some traction after they announced the Ocugen merger in April. Pricing likely would be favorable, given the lack of alternative treatments. Type a symbol or company name. These symbols will be available throughout the site during your session. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The stock dropped as low as 26 cents during the height of the pandemic fears in March 2020. 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." 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 stock had gained some traction after they announced the. See disclosure here. 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. Its product pipeline candidates include OCU400, OCU410, OCU200, and COVAXIN. Like Pfizer's BNT162b2 and Moderna's mRNA-1273, it requires two doses. Related Link: If You Invested $1,000 In Moderna Stock One Year Ago, Here's How Much You'd Have Now. Hold) without suggesting a price target. If you missed that action, you missed all the gains. COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. The Motley Fool has no position in any of the stocks mentioned. The median estimate. 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. Even at around 40 cents per share, I would consider Ocugen stock overvalued. There's still a chance that the vaccine could receive a green light in Canada. Learn More. Cassava Sciences (NASDAQ:SAVA) has soared 454% in just the last three months. In this case, shares rallied about four-fold in just a few days. As of this writing, Matt did not hold a position in any of theaforementioned securities. 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? Hence, instead of ruining just two lives, this new Ocugen may be destroying the investment future of all who buy. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Part of the proceeds will be used to support its partnership with Bharat. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. Theres even room for more lines. quotes delayed at least 15 minutes, all others at least 20 minutes. Since its merger, Ocugen stock has continued the decline that occurred under the company that it took over, Histogenics. The company is led by CEO and Co-founder, Shankar Musunuri, and entered into the public equity market in 2019 via. 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.

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