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Chardan Capital Markets analysts upgrades a Buy rating for Ocugen Inc (OCGN)

Ocugen Inc’s recent filing unveils that its Director Zhang Junge acquired Company’s shares for reported $99999.0 on Jun 14 ’23. In the deal valued at $0.50 per share,200,278 shares were bought. As a result of this transaction, Zhang Junge now holds 1,077,182 shares worth roughly $1.64 million.

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Chardan Capital Markets upgraded its Ocugen Inc [OCGN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Cantor Fitzgerald started covering the stock on June 02, 2022. It rated OCGN as “an Overweight”.

Price Performance Review of OCGN

On Tuesday, Ocugen Inc [NASDAQ:OCGN] saw its stock fall -1.61% to $1.52. Over the last five days, the stock has lost -14.80%. Ocugen Inc shares have risen nearly 165.22% since the year began. Nevertheless, the stocks have risen 232.90% over the past one year. While a 52-week high of $2.11 was reached on 03/25/24, a 52-week low of $0.34 was recorded on 01/19/24. SMA at 50 days reached $1.6016, while 200 days put it at $0.8427. A total of 3.29 million shares were traded, compared to the trading of 5.13 million shares in the previous session.

Levels Of Support And Resistance For OCGN Stock

The 24-hour chart illustrates a support level at 1.4800, which if violated will result in even more drops to 1.4350. On the upside, there is a resistance level at 1.5600. A further resistance level may holdings at 1.5950. The Relative Strength Index (RSI) on the 14-day chart is 43.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1285, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.53%. Stochastics %K at 9.03% indicates the stock is a buying.

The most recent change occurred on July 26, 2021 when Noble Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating.

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