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OCGN Overview

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$
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0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
1.600
Open
1.530
VWAP
1.51
Vol
9.61M
Mkt Cap
511.16M
Low
1.460
Amount
14.54M
EV/EBITDA(TTM)
--
Total Shares
338.52M
EV
508.51M
EV/OCF(TTM)
--
P/S(TTM)
104.51
Ocugen, Inc. is a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines that improve health and offer hope for patients across the globe. Its technology pipeline includes Novel Modifier Gene Therapy Platform, Novel Biologic Therapy for Retinal Diseases, Regenerative Medicine Cell Therapy Platform, and Inhaled Mucosal Vaccine Platform. It is developing its modifier gene therapy platform, inclusive of OCU400, OCU410, and OCU410ST, for the treatment of multiple inherited retinal diseases, including retinitis pigmentosa, Stargardt disease and multifactorial diseases, such as dry age-related macular degeneration (dAMD) and geographic atrophy. It is developing a next-generation, inhalation-based mucosal vaccine platform based on a novel ChAd vector, which includes OCU500, a COVID-19 vaccine; OCU510, a seasonal quadrivalent flu vaccine, and OCU520, a combination quadrivalent seasonal flu.
Show More

Events Timeline

(ET)
2026-05-05
08:50:00
Ocugen Reports Q1 Revenue of $1.53M, Exceeding Expectations
select
2026-05-04 (ET)
2026-05-04
16:10:00
Ocugen Plans to Offer $115M Convertible Senior Notes
select
2026-04-01 (ET)
2026-04-01
07:30:00
Ocugen Completes Dosing for OCU410ST Clinical Trial Ahead of Schedule
select
2026-03-31 (ET)
2026-03-31
13:10:00
Biogen to Acquire Apellis Pharmaceuticals for $41 per Share
select
2026-03-24 (ET)
2026-03-24
16:20:00
Major Averages Close Lower as Oil Surges Above $90
select
2026-03-24
12:00:00
Dow Jones Up 0.31% to 46,350.65 Points
select
2026-03-24
08:00:00
Ocugen Releases Phase 2 Trial Data for OCU410
select
2026-03-17 (ET)
2026-03-17
16:40:00
Major Averages Close Fractionally Higher, WTI Crude Near $96
select

News

seekingalpha
9.5
05-05seekingalpha
Ocugen Reports Q1 2026 Earnings with Strategic Updates
  • Financing Plan: Ocugen announced a $115 million offering of convertible senior notes, expecting cash and cash equivalents to reach $112.1 million at closing, with potential total cash increasing to $127.1 million if remaining Janus Henderson warrants are exercised, thereby extending the company's cash runway into 2028.
  • Clinical Progress: Enrollment for OCU400 is complete with 140 patients randomized 2:1, with plans to initiate rolling BLA submission in Q3 2026, and Phase III top-line data expected in Q1 2027, targeting FDA approval by Q4 2027.
  • Operating Expenses: For the three months ended March 31, 2026, Ocugen reported total operating expenses of $19.4 million, including $11.3 million in research and development and $8.1 million in general and administrative expenses, indicating ongoing investment in clinical trials.
  • Market Outlook: Management anticipates filing three BLAs over the next three years, with the first half of 2027 identified as a catalyst-rich window, during which multiple clinical data releases and submissions are expected to further enhance the company's market position.
seekingalpha
9.5
05-05seekingalpha
Ocugen Reports Wider Q1 Losses, Shares Drop Over 19%
  • Widened Net Loss: Ocugen reported a net loss of $19.17 million for Q1, up from $15.35 million in the same period last year, primarily driven by increased operating expenses rising to $19.4 million from $16 million, indicating ongoing financial strain on the company.
  • Increased R&D Spending: The company's R&D expenses totaled $11.3 million in Q1, up from $9.5 million last year, reflecting a significant commitment to drug development that, while necessary, has further strained profitability.
  • Improved Cash Position: As of March 31, 2026, Ocugen's cash and cash equivalents totaled $32.2 million, a notable increase from $18.9 million as of December 31, 2025, indicating positive progress in financing efforts.
  • Convertible Notes Issuance: Ocugen priced $115 million of 6.75% Convertible Senior Notes, expecting net proceeds of about $99.5 million, potentially increasing to nearly $130 million if the full option is exercised, with funds allocated for loan repayment and general corporate purposes, enhancing financial flexibility.
seekingalpha
8.5
05-05seekingalpha
Ocugen Prices $115M Convertible Senior Notes Offering
  • Financing Size: Ocugen announced the pricing of $115 million in 6.75% Convertible Senior Notes, with buyers having the option to purchase an additional $15 million, potentially increasing the total offering size to nearly $130 million, significantly bolstering the company's financial resources.
  • Use of Proceeds: The company expects net proceeds of approximately $99.5 million, with about $32.7 million allocated to fully repay existing loans tied to Avenue Capital Group, while the remaining funds will be used for general corporate purposes and to strengthen liquidity, ensuring financial stability.
  • Bond Terms: The notes carry a 6.75% annual interest rate and will mature in May 2034, with a conversion price of about $2.68 per share, representing nearly a 45% premium over the stock's last closing price of $1.85 on May 4, providing investors with potential capital appreciation opportunities.
  • Stock Reaction: Following the pricing announcement, Ocugen's stock surged 13.18% to $32.54, reflecting a positive market response to the financing, which may enhance investor confidence in the company's future prospects.
seekingalpha
9.5
05-05seekingalpha
Ocugen Reports Q1 Earnings with Revenue Beat and Cash Runway Extension
  • Earnings Performance: Ocugen's Q1 GAAP EPS of -$0.06 missed expectations by $0.01, indicating challenges in profitability, while revenue of $1.53M, up 3.4% year-over-year, exceeded expectations by $1.17M, suggesting improved market demand.
  • Cash Flow Position: Following a recent offering, Ocugen expects to have $112.1 million in cash, cash equivalents, and restricted cash at closing, providing stronger financial support for operations, especially after repaying Avenue debt.
  • Use of Proceeds: The company plans to utilize the remaining net proceeds for general corporate purposes, a strategy that will help optimize resource allocation and support future business development, with cash runway expected to extend into 2028, enhancing investor confidence in long-term growth.
  • Market Reaction: Despite the revenue growth reported in Q1, Ocugen's stock faced after-hours selling due to the EPS miss, reflecting market concerns over the company's profitability, which may impact future investor sentiment.
Newsfilter
9.0
05-05Newsfilter
Ocugen Reports Positive Data from OCU410 Clinical Trial for Geographic Atrophy
  • Clinical Trial Results: The Phase 2 ArMaDa trial for OCU410 demonstrated a statistically significant 31% reduction in lesion size (p<0.05) and a 27% preservation of the ellipsoid zone (EZ) correlated with visual function, indicating substantial potential for this therapy in treating geographic atrophy, potentially establishing a new standard of care.
  • Positive Patient Response: Approximately 20% of patients showed no disease progression, while 75% exhibited over a 30% reduction in lesion growth, which not only highlights the efficacy of OCU410 but also lays a solid foundation for the upcoming Phase 3 registration trial, expected to enroll 300 subjects.
  • Funding and Financial Health: Ocugen successfully closed a $115 million private offering of convertible senior notes, expected to extend its cash runway into 2028, and plans to utilize $32.7 million of net proceeds to retire high-interest debt, thereby improving its financial stability.
  • Future Development Plans: The company aims to initiate the BLA submission for OCU400 in Q3 2026 and complete it by Q2 2027, which is anticipated to provide new treatment options for early to late-stage retinitis pigmentosa patients, further solidifying Ocugen's leadership in the gene therapy space.
NASDAQ.COM
8.5
05-05NASDAQ.COM
Ocugen Plans to Offer $115 Million Convertible Senior Notes
  • Financing Plan: Ocugen has announced its intention to privately offer $115 million in convertible senior notes to qualified institutional buyers, which is expected to provide funding support for its research and operations.
  • Bond Details: The offering includes an option for the initial purchaser to buy an additional $15 million in notes, indicating market recognition and confidence in the company's financing needs.
  • Use of Proceeds: Ocugen plans to allocate approximately $32.7 million to fully repay loans and related expenses with Avenue Capital Group, while the remaining funds will be used for general corporate purposes, thereby improving its financial position.
  • Market Performance: OCGN's stock has traded between $0.64 and $2.72 over the past year, closing at $1.85 on Monday with a 2.78% increase, but it fell 5.95% in after-hours trading, reflecting market caution regarding the new financing plan.
Wall Street analysts forecast OCGN stock price to rise
3 Analyst Rating
Wall Street analysts forecast OCGN stock price to rise
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
7.00
Averages
7.67
High
8.00
Current: 0.000
sliders
Low
7.00
Averages
7.67
High
8.00
Noble Capital
Outperform
maintain
$8 -> $12
AI Analysis
2026-03-25
Reason
Noble Capital
Price Target
$8 -> $12
AI Analysis
2026-03-25
maintain
Outperform
Reason
Noble Capital raised the firm's price target on Ocugen to $12 from $8 and keeps an Outperform rating on the shares after the company reported Phase 2 data for OCU410, its gene therapy for geographic atrophy in dry age-related macular degeneration. The Phase 2 data shows "a significant clinical benefit that supercedes the two currently marketed GA drugs," the analyst tells investors.
H.C. Wainwright
Swayampakula Ramakanth
Buy
maintain
$7 -> $10
2026-03-25
Reason
H.C. Wainwright
Swayampakula Ramakanth
Price Target
$7 -> $10
2026-03-25
maintain
Buy
Reason
H.C. Wainwright analyst Swayampakula Ramakanth raised the firm's price target on Ocugen to $10 from $7 and keeps a Buy rating on the shares. The firm cites the Phase 2 ArMaDa results and the program's progress into late-stage evaluation for the target boost.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for OCGN
Unlock Now

Valuation Metrics

The current forward P/E ratio for Ocugen Inc (OCGN.O) is 13.07, compared to its 5-year average forward P/E of -23.23. For a more detailed relative valuation and DCF analysis to assess Ocugen Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-23.23
Current PE
13.07
Overvalued PE
77.24
Undervalued PE
-123.71

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-0.04
Current EV/EBITDA
0.13
Overvalued EV/EBITDA
0.17
Undervalued EV/EBITDA
-0.26

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
152.49
Current PS
11.63
Overvalued PS
383.74
Undervalued PS
-78.76

Financials

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Whales Holding OCGN

G
GMT Capital Corp.
Holding
OCGN
-0.60%
3M Return

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Frequently Asked Questions

What is Ocugen Inc (OCGN) stock price today?

The current price of OCGN is 1.48 USD — it has decreased -1.99

What is Ocugen Inc (OCGN)'s business?

Ocugen, Inc. is a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies, biologics, and vaccines that improve health and offer hope for patients across the globe. Its technology pipeline includes Novel Modifier Gene Therapy Platform, Novel Biologic Therapy for Retinal Diseases, Regenerative Medicine Cell Therapy Platform, and Inhaled Mucosal Vaccine Platform. It is developing its modifier gene therapy platform, inclusive of OCU400, OCU410, and OCU410ST, for the treatment of multiple inherited retinal diseases, including retinitis pigmentosa, Stargardt disease and multifactorial diseases, such as dry age-related macular degeneration (dAMD) and geographic atrophy. It is developing a next-generation, inhalation-based mucosal vaccine platform based on a novel ChAd vector, which includes OCU500, a COVID-19 vaccine; OCU510, a seasonal quadrivalent flu vaccine, and OCU520, a combination quadrivalent seasonal flu.

What is the price predicton of OCGN Stock?

Wall Street analysts forecast OCGN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OCGN is7.67 USD with a low forecast of 7.00 USD and a high forecast of 8.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Ocugen Inc (OCGN)'s revenue for the last quarter?

Ocugen Inc revenue for the last quarter amounts to 1.53M USD, increased 3.51

What is Ocugen Inc (OCGN)'s earnings per share (EPS) for the last quarter?

Ocugen Inc. EPS for the last quarter amounts to -0.06 USD, increased 20.00

How many employees does Ocugen Inc (OCGN). have?

Ocugen Inc (OCGN) has 116 emplpoyees as of May 11 2026.

What is Ocugen Inc (OCGN) market cap?

Today OCGN has the market capitalization of 511.16M USD.