A $30 million market capitalization doesnt mean Ocugen has no chance. According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. There's still a chance that the vaccine could receive a green light in Canada. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. The S&P 500 has rallied 52.9% from the March low to its highs on August 6. *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. However, the Strong Buy consensus rating is backed with a $0.9 price target, which implies downside of 68% from current levels. Its certainly possible. quotes delayed at least 15 minutes, all others at least 20 minutes. 1125 N. Charles St, Baltimore, MD 21201. Investors were hopeful that the small drugmaker would be able to win U.S. Do Not Sell My Personal Information (CA Residents Only). If Ocugen goes up, you can still profit. On June 10, though, Ocugen announced that the U.S. Food and Drug Administration (FDA) had effectively shut the door on an EUA filing. You could sell some or all of your Ocugen shares and buy long-term call options on the stock. Ocugen. Shares declined 85% in three sessions around the closing of the merger, which also included a 1-for-60 reverse stock split. What should investors do now? 1125 N. Charles St, Baltimore, MD 21201. After encouraging preliminary results, Ocugen began trying to sell 100 million doses of the vaccine in February. 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. The company initiated its Phase 3 trial of OCU300 back in July 2018. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. How can we possibly evaluate a stock on a fundamental basis with that being reality? 2023 InvestorPlace Media, LLC. There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does. 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. The Motley Fool has no position in any of the stocks mentioned. Shares of Ocugen ( OCGN -3.10%) fell on Tuesday after an analyst sounded a note of caution to investors. 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. Nano-cap biotech play Ocugen has an intriguing story and a ton of risk. 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? Plus500. Our 3 Top Picks. Indeed, the price broke below the 24 December 2018 low at 4.81 and is currently attempting a return move. 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. Part of the proceeds will be used to support its partnership with Bharat. 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. 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. While it feels cool to buy a thousand shares of OCGN stock vs. a few shares of Amazon (NASDAQ:AMZN), save yourself the heartache. 1125 N. Charles St, Baltimore, MD 21201. It has real management. If they invent a miracle treatment for a condition, the money will find its way to the stock. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Cassava Sciences (NASDAQ:SAVA) has soared 454% in just the last three months. 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 The company is led by CEO and Co-founder, Shankar Musunuri, and entered into the public equity market in 2019 via. That's right -- they think these 10 stocks are even better buys. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. Ocugen Inc., formerly known as Histogenics Cp, is based in Malvern, Pennsylvania. Ocugen shares jumped to $3.50 on massive volume in December when the Covaxin partnership was announced. Literally, zero. Over the next few weeks, Ocugen is expected to meet with the FDA to discuss how to advance COVAXINs development. Conditions have only become worse since that time. The statistics support having long-term exposure to this asset class. On its first trading day as OCGN stock, it lost almost 64% of its value and closed that day at $2.85 per share. Ocugen isnt a promotional, fly-by-night penny stock. Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. quotes delayed at least 15 minutes, all others at least 20 minutes. Another alternative is to sell some or all of your Ocugen stock and invest the money elsewhere. 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. Maybe. First, the balance sheet is in at least decent shape. 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. Thats why we give you a wide range of Options on stocks, indices, commodities and FX. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. In 2018, its NeoCart biologic failed to meet the primary endpoint of its own Phase III trial. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. To make the world smarter, happier, and richer. Long-term debt of $1.6 million is not a back-breaker either. Hence, instead of ruining just two lives, this new Ocugen may be destroying the investment future of all who buy. Unfortunately, both the merger and the reverse split have failed to stem the decline of former Histogenics stock. 1125 N. Charles St, Baltimore, MD 21201. Malvern-based biopharmaceutical company Ocugen completed its previously announced $100 million private stock sale. From a near-term standpoint, there are two key risks. The latest closing stock price for Ocugen as of March 03, 2023 is. ET on Friday. Typically, I care little about financials with biotechs. Investors need to understand the risk profile here. Ocugen estimates the drug could have as many as 63,000 potential patients. In this case, shares rallied about four-fold in just a few days. This decision isn't surprising, considering that Ocugen previously abandoned the pursuit of an EUA path for the vaccine in adults. For investors new to the story, there are some positives when it comes to OCGN stock. These options will be cheaper than owning the stock itself. Ill be sticking to the stocks that are actually working. Histogenics itself highlights the risks involved in small-cap biotech. 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. Weve now already seen a 50% correction in the stock price, with shares changing hands around 46 cents per share. Ocugen Inc. stock rises Wednesday, outperforms market Feb. 22, 2023 at 5:14 p.m. It means that raising capital will be more difficult going forward. 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. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. Nasdaq Histogenics shareholders then received about 14% of the company, according to the merger prospectus. Its top officers have experience at Pfizer (NYSE:PFE) and other well-respected pharmaceutical and biotechnology companies. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. Ocugen sold $25 million of stock in a private placement before the merger. 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 . The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Theres even room for more lines. Cost basis and return based on previous market day close. Ocugen In 2021, Beyond: Optimism about Covaxin coupled with massive short squeezes in a handful of popular social media stocks sent Ocugen shares skyrocketing up to as high as $18.77 in February 2021. Type a symbol or company name. It has real products. The median estimate. From the outside looking inward, it looks like a marriage of two people who got together simply because nobody else would take them. It's likely that the company will take longer to file for full FDA approval of the vaccine than Moderna will. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Ocugen abandoned its pursuit of a U.S. EUA for Covaxin in immunizing adults last year. You can be a growth investor, futures trader, deep-value investor, a day trader, options player, or a dividend aficionado. The worst news was that another late-stage clinical study will likely be required to support the regulatory filing. After all, one cannot expect Ocugen stock to cure its ills when the company itself has fallen into critical condition. Type a symbol or company name. 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. With no effective treatments, and without a clear reason to exist, I would avoid buying Ocugen stock even as a speculative play. The Motley Fool has a disclosure policy. To be sure, current cash isnt enough. Accordingly, the analyst rates OCGN a Neutral (i.e. For most of its history, what we now know as Ocugen stock was Histogenics, a cell therapy company focused on orthopedics. 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. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. But the sale of NeoCart appears to not yet have closed after its deadline was extended to allow Medavate to secure financing. Matthew McCall left Wall Street toactually helpinvestors by getting them into the worlds biggest, most revolutionary trends BEFORE anyone else. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. 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. 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. What Is the Best EV Stock to Buy Now? 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. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The content is intended to be used for informational purposes only. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. However, an EUA in India doesn't mean that Covaxin is a slam dunk to win EUA in the U.S., as well. 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. Article printed from InvestorPlace Media, https://investorplace.com/2019/12/no-pathway-forward-for-ocugen-stock/. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. But there is no question some big-name stocks performed better than others along the way. 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. While anything is possible, I would not anticipate a miracle here. The $25 million private placement executed before the merger brought in much-needed cash. 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. The chances of anything more are small but the rewards could be huge. The Motley Fool has no position in any of the stocks mentioned. I will just say this on Ocugen: Theres a reason it trades for sub-$1 after hitting resistance near $180 in 2018. Other than an emphasis on cell therapies, the companies had almost nothing in common. Guys, theres no revenue here! Thats one of the best rallies weve seen in that amount of time (95 trading sessions, 136 days). The odds of Ocugen stock winding up at zero are material. 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. 7 Travel Stocks to Buy Banking On Pent-Up Demand. Now, with the stock trading near the 40-cent per share level, its prospects have taken a dramatic turn for the worse. 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. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. Keith Speights has no position in any of the stocks mentioned. Start trading Options with Saxo today. Like Pfizer's BNT162b2 and Moderna's mRNA-1273, it requires two doses. Invest better with The Motley Fool. At the time, Ocugen was left for dead. 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. I am all for a good opportunity, but I dont know why some investors insist on penny stocks. Historical daily share price chart and data for Ocugen since 2023 adjusted for splits. The combined company has an agreement to sell the rights to NeoCart to privately held Medavate, leaving it reliant on Ocugens pipeline. Don't overlook another approach, especially if you're still sitting on a nice gain even after last week's major sell-off. It's hard to say for sure. 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. Realistically, Ocugen is probably looking at potential approval of Covaxin in mid-2023 at the earliest. The sale of NeoCart, which still is pending, can bring in another $8 million, based on the current agreement. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The FDA told the company in June 2021 that it should instead follow the standard path to full approval of the vaccine in adults. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their. 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.. In that list, you can even include penny-stock trader. This requires no immediate effort on your part. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. The Nasdaq has been even more impressive, rallying 67.7% in the same time frame and hitting new all-time highs in the process. Maybe it pans out for Ocugen and I wish the team (and its investors) the best of luck. So, what goes wrong? The company's product pipeline consists of OCU400, OCU300, OCU100 and OCU200 which are in clinical stage. The short answer is: everything. The generic form of brimonidine, the active ingredient, is not approved for the condition, according to Ocugens most recent presentation. Ocugen ( NASDAQ: OCGN) has been one of the more polarizing story stocks of 2021. Copyright 2023 InvestorPlace Media, LLC. Ocugen hasn't stated yet when a potential late-stage study of Covaxin could start. Unfortunately, when the market bounced in late March 2020, Ocugen kept heading lower. If were playing that game then Im buying LEAP call options on Apple and Amazon in March. You never know when they will suddenly go on a squeeze. 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. Emergency Use . 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." Learn More. Its worth emphasizing: Ocugen stock is a play with enormous risk. Ocugen came to the market via what was essentially a reverse merger with Histogenics Corporation, a deal that closed at the end of September. 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. The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. Click here to see what Matt has up his sleeve now. Investors should definitely reevaluate Ocugen's prospects in light of the company's bad news announced last week. Nasdaq Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. Ocugen executives even sounded cautiously optimistic in the company's fourth-quarter conference call last month. If OCU300 is approved, theres a reasonably large market. ET by MarketWatch Automation Ocugen Inc. stock falls Tuesday, underperforms market Feb. 21, 2023 at 5:14. 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.. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. 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. Do not expect this to become the biotech who made good like Biogen (NASDAQ:BIIB). It has no treatments to offer the market. The FDA's decision not to issue EUA really wasn't all that surprising, though. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. 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."

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