You could sell some or all of your Ocugen shares and buy long-term call options on the stock. However, an EUA in India doesn't mean that Covaxin is a slam dunk to win EUA in the U.S., as well. Nasdaq 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. Some investors had set their hopes on the FDA being more lenient with pediatric use of Covaxin. The company is led by CEO and Co-founder, Shankar Musunuri, and entered into the public equity market in 2019 via. 7 Travel Stocks to Buy Banking On Pent-Up Demand. Its all about choice. Its worth emphasizing: Ocugen stock is a play with enormous risk. Ocugen: Peripheral Scandals Taint This Expired COVID-19 'Me-Too' Longshot Maybe it pans out for Ocugen and I wish the team (and its investors) the best of luck. Assuming it wins approval for the vaccine, the challenge for the company then will be to achieve commercial success. Admittedly one could argue that it could have been bought for a quarter and sold for 75 cents, but hindsight is 20/20 in all of these names. Ocugen came to the market via what was essentially a reverse merger with Histogenics Corporation, a deal that closed at the end of September. If were playing that game then Im buying LEAP call options on Apple and Amazon in March. Custom BMW. 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. Written by Almost all the headlines about Ocugen in the past year have been about the companys COVID-19 vaccine candidate. The FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. quotes delayed at least 15 minutes, all others at least 20 minutes. 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.. Ocugen. The company stated that it will pursue a path to file for full FDA approval of Covaxin. There Are So Many Stocks to Buy Ocugen Isn't One of Them 1125 N. Charles St, Baltimore, MD 21201. However, due to the fact the details of the definitive agreement have yet to be finalized, in addition to the current lack of insight into the U.S. regulatory pathway or commercial strategy, Ramakanth stays on the sidelines for now. That's right -- they think these 10 stocks are even better buys. The statistics support having long-term exposure to this asset class. A $30 million market capitalization doesnt mean Ocugen has no chance. market." Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. Some of the names will rally big, putting together epic squeezes that can double or triple the stock prices in just a few days. Keith Speights owns shares of Pfizer. 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. Type a symbol or company name. But the sale of NeoCart appears to not yet have closed after its deadline was extended to allow Medavate to secure financing. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Ocugen executives even sounded cautiously optimistic in the company's fourth-quarter conference call last month. Ocugen completes $100M stock sale as it works with Bharat Biotech on The biotech stock promptly crashed by more than 30%. 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. After all, one cannot expect Ocugen stock to cure its ills when the company itself has fallen into critical condition. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. All rights reserved. *Average returns of all recommendations since inception. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. Theres even room for more lines. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Ocugen Inc., formerly known as Histogenics Cp, is based in Malvern, Pennsylvania. Sign up below to get this incredible offer! Is Ocugen Stock Still Worth Buying After Its 800%-Plus Rally? Analyst The content is intended to be used for informational purposes only. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Accordingly, the analyst rates OCGN a Neutral (i.e. The Motley Fool has no position in any of the stocks mentioned. In other words, it means that even by biotech standards OCGN stock is an enormously risky play. You never know when they will suddenly go on a squeeze. Names like Ocugen (NASDAQ:OCGN) arent trading for about 50 cents apiece by accident. 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. Hold) without suggesting a price target. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. Ocugens Big Run: One company that has been a home-run investment in the last year has been biotech stock Ocugen Inc (NASDAQ:OCGN). We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Shares of Ocugen (OCGN 4.03%) were crashing 19.2% lower as of 11:23 a.m. 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! 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. 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. Other than an emphasis on cell therapies, the companies had almost nothing in common. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. While anything is possible, I would not anticipate a miracle here. 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. Still, Ocugens balance sheet isnt as dire as its share price might suggest. Generally, financial analysts struggle with this sector because these equities rise and fall not on revenue or earnings, but the success of clinical trials. That doesnt mean success is guaranteed. CFO Sanjay Subramanian said that there was "the potential for near-term revenue," depending on the EUA. All rights reserved. 1125 N. Charles St, Baltimore, MD 21201. As of this writing, Matt did not hold a position in any of theaforementioned securities. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days later. Our 3 Top Picks. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 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. 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. The worst news was that another late-stage clinical study will likely be required to support the regulatory filing. 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. A partnership with a respected Asian biotechnology company offers some validation to the pipeline, and a key product is progressing through Phase III trials. But there is no question some big-name stocks performed better than others along the way. Custom BMW #youtube #moto #motorcycle #bike #youtubeshorts #shorts The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. So, what goes wrong? 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. Do Not Sell My Personal Information (CA Residents Only). 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization. Even before that point, the most promising candidates generally can find funding. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. At the beginning of 2020, Ocugen shares were trading at just 47 cents. The stock dropped as low as 26 cents during the height of the pandemic fears in March 2020. In November, Bharat Biotech began Phase 3 testing of Covaxin in India. Since its merger, Ocugen stock has continued the decline that occurred under the company that it took over, Histogenics. The Motley Fool has a disclosure policy. 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. And a partnership with Chinas CanSino Biologics (OTCMKTS:CASBF) should help the company develop its pipeline. 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. The CanSinoBio partnership does help, but Ocugen still has a long way to go with OCU300. The generic form of brimonidine, the active ingredient, is not approved for the condition, according to Ocugens most recent presentation. The all-time high Ocugen stock closing price was, The average Ocugen stock price for the last 52 weeks is. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. However, when that occurred, Ocugen stock lost most of its value. 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. 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! Nasdaq 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. This is most likely a result of the stocks meteoric rise and analysts inability to turnaround new price targets so quickly. The company was founded by Shankar Musunuri and Uday B. Kompella in 2013 and is headquartered in Malvern, PA. All rights reserved. What Is the Best EV Stock to Buy Now? All rights reserved. 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. Can you feel the ground moving beneath your feet? Type a symbol or company name. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. Ocugen sold $25 million of stock in a private placement before the merger. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. It has real products. Why Ocugen Stock Is Crashing Today | The Motley Fool - Nasdaq If you missed that action, you missed all the gains. Ocugen ( NASDAQ: OCGN) has been one of the more polarizing story stocks of 2021. I will just say this on Ocugen: Theres a reason it trades for sub-$1 after hitting resistance near $180 in 2018. 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. But any success they find will be without me as a shareholder. 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. However, the Strong Buy consensus rating is backed with a $0.9 price target, which implies downside of 68% from current levels. First, the balance sheet is in at least decent shape. Most biotech companies have intriguing stories on paper; Ocugen is no different. CanSinoBio is a legitimate player in the industry; the companys market cap is near $2 billion after a nice rally in recent weeks. I am all for a good opportunity, but I dont know why some investors insist on penny stocks. COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. Here are three prudent steps to take. Even at around 40 cents per share, I would consider Ocugen stock overvalued. The Motley Fool recommends Moderna Inc. The reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. These options will be cheaper than owning the stock itself. Covaxin doesn't have an advantage in terms of dosing compared to these leading vaccines. Weve now already seen a 50% correction in the stock price, with shares changing hands around 46 cents per share. The Ocugen 52-week low stock price is 0.93, which is 1.1% below the current share price. The second is that the balance sheet still needs some help. The OCGN stock forecast 2022 outlook suggests that Ocugen's stock may struggle in the short term. Ocugen, previously a private company, instituted a reverse merger, which they completed on Sep. 30. Copyright 2023 InvestorPlace Media, LLC. Ocugen had to go an unusual route to go public. 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 odds of Ocugen stock winding up at zero are material. 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. 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. How can we possibly evaluate a stock on a fundamental basis with that being reality? 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. Realistically, Ocugen is probably looking at potential approval of Covaxin in mid-2023 at the earliest. Copy and paste multiple symbols separated by spaces. It is very important to do your own analysis before making any investment. Ill be sticking to the stocks that are actually working. This decision isn't surprising, considering that Ocugen previously abandoned the pursuit of an EUA path for the vaccine in adults. Emergency Use . Klicken Sie auf Alle ablehnen, wenn Sie nicht mchten, dass wir und unsere Partner Cookies und personenbezogene Daten fr diese zustzlichen Zwecke verwenden. Cassava Sciences (NASDAQ:SAVA) has soared 454% in just the last three months. Histogenics shareholders then received about 14% of the company, according to the merger prospectus. Not an offer or recommendation by Stocktwits. The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. Those reverse splits generally are poorly received by the market, even if in theory they should have little to no practical impact on trading. 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. 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. Please check your download folder. What Is the Best EV Stock to Buy Now? Part of the proceeds will be used to support its partnership with Bharat. But just because a company does not have crippling debt doesnt mean its a buy. Why Ocugen Stock Dropped Today | The Motley Fool - Nasdaq 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Ocugen stock jumps following positive Covid vaccine study results Companies will inevitably be optimistic about their prospects for success (at least publicly). Start trading Options with Saxo today. Conditions only seem to get worse for Ocugen (NASDAQ:OCGN). Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. Ocugen estimates the drug could have as many as 63,000 potential patients. Matthew McCall left Wall Street toactually helpinvestors by getting them into the worlds biggest, most revolutionary trends BEFORE anyone else. ET on Friday. Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. Long-term debt of $1.6 million is not a back-breaker either. It peaked at a split-adjusted level of around $778 per share soon after its initial public offering in 2014. 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. Source: Chart courtesy of StockCharts.com. The company initiated its Phase 3 trial of OCU300 back in July 2018. Pricing likely would be favorable, given the lack of alternative treatments. Now, with the stock trading near the 40-cent per share level, its prospects have taken a dramatic turn for the worse. 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." OCGN Stock Forecast 2022 and 2025: Is Ocugen Set to Explode? Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. Copyright The chances of anything more are small but the rewards could be huge. Making the world smarter, happier, and richer. 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. Looking ahead, analysts are skeptical Covaxin will provide the upside Ocugen bulls are expecting. 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. Article printed from InvestorPlace Media, https://investorplace.com/2019/12/no-pathway-forward-for-ocugen-stock/. The sale of NeoCart, which still is pending, can bring in another $8 million, based on the current agreement. Literally, zero. If you already owned Ocugen stock before the company's disappointing news, you have several alternatives. The company's product pipeline consists of OCU400, OCU300, OCU100 and OCU200 which are in clinical stage. OCGN | Ocugen Inc. Stock Price & News - WSJ 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. Article printed from InvestorPlace Media, https://investorplace.com/2020/01/ocugen-stock-faint-heart/. Shares of Ocugen ( OCGN -3.10%) fell on Tuesday after an analyst sounded a note of caution to investors. The latest closing stock price for Ocugen as of March 03, 2023 is. 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. The Motley Fool->. Nano-cap biotech play Ocugen has an intriguing story and a ton of risk. Thats one of the best rallies weve seen in that amount of time (95 trading sessions, 136 days). Do not expect this to become the biotech who made good like Biogen (NASDAQ:BIIB). Ocugen isnt a promotional, fly-by-night penny stock. Those lessons will vary between different investors, but I'll point out a major one to keep in mind. Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. OCGN Stock Price | Ocugen Inc. Stock Quote (U.S.: Nasdaq) - MarketWatch How long might it take for Ocugen to win full FDA approval for Covaxin? Still, Ocugen investors who bought one year ago and held on have generated a huge return on their. Without NeoCart, that burn likely comes down. Do Not Sell My Personal Information (CA Residents Only). (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. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. If it goes down, your loss won't be as great as it would be if you held onto all of your shares. Ocugen Inc Stock - OCGN Share Price Today, News and Discussion - Stocktwits Add in a $31 million market capitalization and potentially significant cash burn, and Ocugen stock self-evidently is not for risk-averse investors. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The agreement stipulates Ocugen will hold the vaccines U.S. rights, and the remaining details are expected to be finalized over the coming weeks. Nor should one look forward to OCGN stock to becoming the next GW Pharmaceuticals (NASDAQ:GWPH) or Cara Therapeutics (NASDAQ:CARA). With No Revenue or Approved Treatments, Ocugen Stock Is a Clear Sell Amryt Pharma releases Q-2 how to setup copy trading labrador gold stock that show strong revenue growth as The first split for NKE took place on October 08, Below, we'll pit these two dominant consumer-discretionary giants against each other, with an eye toward long-term . 1125 N. Charles St, Baltimore, MD 21201. Unfortunately, both the merger and the reverse split have failed to stem the decline of former Histogenics stock. The vaccine reportedly has a 78% efficacy rate against COVID-19, significantly lower than leading vaccines granted FDA emergency authorization. The company does not earn revenue, relying on grants, a dwindling cash position, and stock dilution to keep its doors open. The reverse merger with Histogenics was a disappointment, but the purchase price for the NeoCart intellectual property suggests that company had little chance of survival on its own. Keith Speights has no position in any of the stocks mentioned. 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. The equity has experienced a continual decline for years. Written by The S&P 500 has rallied 52.9% from the March low to its highs on August 6. Ocugen abandoned its pursuit of a U.S. EUA for Covaxin in immunizing adults last year. 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 FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. Don't Get Greedy With Ocugen Stock, Says Analyst It is focused on discovering, developing and commercializing therapies which address rare and underserved eye diseases. 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. The short answer is: everything. What should investors do now? 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. From the outside looking inward, it looks like a marriage of two people who got together simply because nobody else would take them. *Stock Advisor returns as of November 20, 2020. For priority reviews, the timeline for an approval decision is reduced to six months. From a broader perspective, the risk is the same as it is across biotech: most candidates 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. Ocugen Chairman and CEO Shankar Musunuri Ocugen The company's stock opened at $8.24 per share Tuesday, up 96 cents. Cost basis and return based on previous market day close. 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? Investors should worry about companies with no revenue even under the best of circumstances. 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. The FDA told the company in June 2021 that it should instead follow the standard path to full approval of the vaccine in adults. Unfortunately, when the market bounced in late March 2020, Ocugen kept heading lower. Moreover, Histogenics existed to treat orthopedic conditions, while Ocugen focused on rare eye diseases. Unfortunately for longs, OCGN is much closer to the worst of conditions.
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