How can we possibly evaluate a stock on a fundamental basis with that being reality? The Motley Fool has a disclosure policy. 10 stocks we like better than Ocugen, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Over the next few weeks, Ocugen is expected to meet with the FDA to discuss how to advance COVAXINs development. Ocugen, previously a private company, instituted a reverse merger, which they completed on Sep. 30. 1125 N. Charles St, Baltimore, MD 21201. 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. Written by *Stock Advisor returns as of June 7, 2021. After all, one cannot expect Ocugen stock to cure its ills when the company itself has fallen into critical condition. Part of the proceeds will be used to support its partnership with Bharat. Do Not Sell My Personal Information (CA Residents Only). The CanSinoBio partnership does help, but Ocugen still has a long way to go with OCU300. Copyright You canfollow Will on Twitterat @HealyWriting. Ocugen Inc. is a clinical stage biopharmaceutical company. Copyright 2023 InvestorPlace Media, LLC. Still, Ocugens balance sheet isnt as dire as its share price might suggest. The potential synergies of such a union do not seem clear. 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 . 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. Histogenics itself highlights the risks involved in small-cap biotech. Copy and paste multiple symbols separated by spaces. But it does mean something. Typically, I care little about financials with biotechs. Sign up below to get this incredible offer! However, even from this limited vantage point, OCGN appears destined to fail. But any success they find will be without me as a shareholder. Still, Ocugen investors who bought one year ago and held on have generated a huge return on their investment. 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. That's right -- they think these 10 stocks are even better buys. Ill be sticking to the stocks that are actually working. However, sometimes the optimism isn't justified. Not an offer or recommendation by Stocktwits. According to the prospectus, the combined company posted an operating loss of roughly $30 million in 2018. Malvern-based biopharmaceutical company Ocugen completed its previously announced $100 million private stock sale. 5 Hypergrowth Stocks With 10X Potential in 2023, Robert Bollinger: Meet the Man Behind Mullens Push Into Commercial EVs, A.I. But realizing value in practice usually is a difficult endeavor. All rights reserved. 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. All rights reserved. At the time, Ocugen was left for dead. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. Learn More. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Looking ahead, analysts are skeptical Covaxin will provide the upside Ocugen bulls are expecting. 7 Penny Stocks Poised for Explosive Growth in 2023, Ocugen Stock Is Not for the Faint of Heart. So far, that merger hasnt worked out for Histogenics former shareholders. The stock had gained some traction after they announced the Ocugen merger in April. It's likely that the company will take longer to file for full FDA approval of the vaccine than Moderna will. It is focused on discovering, developing and commercializing therapies which address rare and underserved eye diseases. Do Not Sell My Personal Information (CA Residents Only). Ocugen. As of this writing, Vince Martin has no positions in any securities mentioned. With no effective treatments, and without a clear reason to exist, I would avoid buying Ocugen stock even as a speculative play. The company stated that it will pursue a path to file for full FDA approval of Covaxin. In fact, $1,000 in Ocugen stock bought on Aug. 9, 2020, would be worth about $15,100 today. Indeed, the price broke below the 24 December 2018 low at 4.81 and is currently attempting a return move. The Nasdaq has been even more impressive, rallying 67.7% in the same time frame and hitting new all-time highs in the process. The short answer is: everything. Type a symbol or company name. The agreement stipulates Ocugen will hold the vaccines U.S. rights, and the remaining details are expected to be finalized over the coming weeks. Keith Speights has no position in any of the stocks mentioned. Theres an opportunity here. Investors who have owned stocks in the last year have generally experienced some big gains. On its first trading day as OCGN stock, it lost almost 64% of its value and closed that day at $2.85 per share. Written by However, the marriage of Histogenics and Ocugen looks destined to end in a suicide pact instead of a mere divorce. And while Ocugen will need more capital at some point, the company at least has time to push OCU300 forward and get its story out to investors. The reverse merger that brought Ocugen to the public markets led to huge losses but some investors are buying the dip. 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. Honestly, OCGN stock is unlikely to survive. 1125 N. Charles St, Baltimore, MD 21201. How long might it take for Ocugen to win full FDA approval for Covaxin? 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 broad point here is that, even with a ~$30 million market capitalization (based on updated share count information disclosed in an 8-K filing on Dec. 9), this is a company with a legitimate opportunity. The FDA told the company in June 2021 that it should instead follow the standard path to full approval of the vaccine in adults. Don't overlook another approach, especially if you're still sitting on a nice gain even after last week's major sell-off. Most biotech companies have intriguing stories on paper; Ocugen is no different. 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. Other than an emphasis on cell therapies, the companies had almost nothing in common. 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. From a broader perspective, the risk is the same as it is across biotech: most candidates fail. Some were undoubtedly anticipating a relatively quick EUA win for Covaxin followed by strong U.S. sales for the COVID-19 vaccine. *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. 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." OCGN does not even appear to have an apparent reason to exist. Plus500. The odds of Ocugen stock winding up at zero are material. 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. OCGN Ocugen Inc 155,223 $0.9721 $0.0263 (2.63%) And its at least possible that OCGN could wind up being a winner. 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 Bharat Biotech to co-develop a COVID-19 vaccine for the U.S. market. That's right -- they think these 10 stocks are even better buys. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. The $25 million private placement executed before the merger brought in much-needed cash. Investors were hopeful that the small drugmaker would be able to win U.S. Can you feel the ground moving beneath your feet? The stock dropped as low as 26 cents during the height of the pandemic fears in March 2020. Realistically, Ocugen is probably looking at potential approval of Covaxin in mid-2023 at the earliest. This requires no immediate effort on your part. 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. It announced on Dec. 9 of last year 17 months later that it was 50% through enrollment. The all-time high Ocugen stock closing price was, The average Ocugen stock price for the last 52 weeks is. While it feels cool to buy a thousand shares of OCGN stock vs. a few shares of Amazon (NASDAQ:AMZN), save yourself the heartache. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Still, this stock is cheap for reasons that my colleague Josh Enomoto spelled out well. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Please check your download folder. In November, Bharat Biotech began Phase 3 testing of Covaxin in India. 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. 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. That said, for investors who understand the potential downside, there is an intriguing story here. What Is the Best EV Stock to Buy Now? The post There Are So Many Stocks to Buy Ocugen Isnt One of Them appeared first on InvestorPlace. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Investing is always a game of balancing risk and reward. However, the Strong Buy consensus rating is backed with a $0.9 price target, which implies downside of 68% from current levels. The S&P 500 has rallied 52.9% from the March low to its highs on August 6. While anything is possible, I would not anticipate a miracle here. Type a symbol or company name. These symbols will be available throughout the site during your session. Remember, though, that Moderna achieved this while working closely with the U.S. government (including receiving funding from Uncle Sam) and during a period when vaccines weren't widely available. The FDA gave a thumbs-down to Ocugen's EUA request for the pediatric use of Covaxin. A bout of buying in late July sent shares from 20 cents apiece to above 90 cents a share a few days. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. However, an EUA in India doesn't mean that Covaxin is a slam dunk to win EUA in the U.S., as well. 7 Travel Stocks to Buy Banking On Pent-Up Demand. Cost basis and return based on previous market day close. This decision. Those reverse splits generally are poorly received by the market, even if in theory they should have little to no practical impact on trading. 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. Just a few days ago, Ocugen (NASDAQ: OCGN) was flying high with shares up more than 460% year to date. The FDA typically takes 60 days to accept a regulatory filing then 10 months to make an approval decision. The Motley Fool has no position in any of the stocks mentioned. CFO Sanjay Subramanian said that there was "the potential for near-term revenue," depending on the EUA. COVID-19 vaccines from Pfizer and Moderna are already on the market in the U.S. with efficacy levels of 94% or greater. Nasdaq Start trading Options with Saxo today. A $30 million market capitalization doesnt mean Ocugen has no chance. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. Its certainly possible. 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. As of this writing, Matt did not hold a position in any of theaforementioned securities. As with many biotech stocks, the most likely outcome is for the company to fail, and for shareholders to wind up with zero. 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. Conditions have only become worse since that time. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization (EUA) in India for COVID-19 vaccine Covaxin. Moreover, Histogenics existed to treat orthopedic conditions, while Ocugen focused on rare eye diseases. Historical daily share price chart and data for Ocugen since 2023 adjusted for splits. That's not going to happen now. Keith Speights for At the beginning of 2020, Ocugen shares were trading at just 47 cents. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. A partnership with a respected Asian biotechnology company offers some validation to the pipeline, and a key product is progressing through Phase III trials. Please check your download folder. (See OCGN stock analysis on TipRanks). Type a symbol or company name. The company has no revenue, runs an annual deficit, and does not generate positive free cash flow. These options will be cheaper than owning the stock itself. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. It took Moderna roughly 10 months from the initiation of the late-stage study for its COVID-19 vaccine to the point where the company filed for full FDA approval. Article printed from InvestorPlace Media, https://investorplace.com/2020/01/ocugen-stock-faint-heart/. This decision isn't surprising, considering that Ocugen previously abandoned the pursuit of an EUA path for the vaccine in adults. 2023 InvestorPlace Media, LLC. Healthy companies do not undergo 1-for-60 reverse stock splits like this one did in September 2019. Here are three prudent steps to take. 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. To make the world smarter, happier, and richer. Even at around 40 cents per share, I would consider Ocugen stock overvalued. The Motley Fool recommends Moderna Inc. If OCU300 is approved, theres a reasonably large market. 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 vaccine reportedly has a 78% efficacy rate against COVID-19, significantly lower than leading vaccines granted FDA emergency authorization. If it goes down, your loss won't be as great as it would be if you held onto all of your shares. Ocugen abandoned its pursuit of a U.S. EUA for Covaxin in immunizing adults last year. Ocugen ( NASDAQ: OCGN) has been one of the more polarizing story stocks of 2021. It peaked at a split-adjusted level of around $778 per share soon after its initial public offering in 2014. In fact, the SPDR S&P 500 (NYSE:SPY) total return over the last 12 months is 34.2%. Do not expect a recovery in Ocugen stock. The average Ocugen stock price for the last 52 weeks is 2.10. There's no way, however, to know what the COVID-19 vaccine market dynamics will be two years from now. With this, the newly formed Ocugen initiated a 60:1 reverse stock split. 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. It means that institutional investors focused on the sector largely have passed on the pipeline. First, the balance sheet is in at least decent shape. From a near-term standpoint, there are two key risks. Click here to see what Matt has up his sleeve now. 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. The Motley Fool has a disclosure policy. Companies will inevitably be optimistic about their prospects for success (at least publicly). Some investors had set their hopes on the FDA being more lenient with pediatric use of Covaxin. Our 3 Top Picks. 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. Lorem ipsum dolor sit amet, consectetur adipiscing elit. quotes delayed at least 15 minutes, all others at least 20 minutes. 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. Nano-cap biotech play Ocugen has an intriguing story and a ton of risk. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. In the late summer of 2018, the stock crashed below $1 per share as investors sold off following a failed phase three trial. Its worth emphasizing: Ocugen stock is a play with enormous risk. 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. The company initiated its Phase 3 trial of OCU300 back in July 2018. 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. 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. Ocugen came to the market via what was essentially a reverse merger with Histogenics Corporation, a deal that closed at the end of September. CanSinoBio is a legitimate player in the industry; the companys market cap is near $2 billion after a nice rally in recent weeks. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Probably the most important thing to do after Ocugen's crash, though, is to identify lessons learned and apply them to future investing decisions. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. Today, the stock has a $1.6 billion market cap despite just $42,620 in 2020 revenue. 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. Maybe OCGN stock will be one of them again. The Motley Fool has a disclosure policy. Maybe it pans out for Ocugen and I wish the team (and its investors) the best of luck. Ocugen shares jumped to $3.50 on massive volume in December when the Covaxin partnership was announced. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Ocugen, Inc. is a biopharmaceutical company, which engages in the development and commercialization of therapies to cure eye diseases. Hold) without suggesting a price target. Importantly, neither Bharat nor Indian regulators revealed the efficacy of the vaccine. The huge gain came after the company's partner, Bharat Biotech, received emergency use authorization. But if they do, Ocugen stock at the least looks like an intriguing bet. For priority reviews, the timeline for an approval decision is reduced to six months. 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! Its top officers have experience at Pfizer (NYSE:PFE) and other well-respected pharmaceutical and biotechnology companies. The sale of NeoCart, which still is pending, can bring in another $8 million, based on the current agreement. The first is that Ocugen is facing potential delisting from the NASDAQ given that its share price still sits well below $1. It has no treatments to offer the market. Maybe. Shares of Ocugen (NASDAQ: OCGN) were skyrocketing 64.2% higher as of 11:35 a.m. EST on Monday. ET by MarketWatch Automation Ocugen Inc. stock falls Tuesday, underperforms market Feb. 21, 2023 at 5:14. I will concede this: The one great thing about the stock market is there is a style for everyone. 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. Add in a $31 million market capitalization and potentially significant cash burn, and Ocugen stock self-evidently is not for risk-averse investors. Its product pipeline candidates include OCU400, OCU410, OCU200, and COVAXIN. The point is, the risk/reward of owning something like Ocugen is simply not worth it vs. having even basic equity exposure. But there is no question some big-name stocks performed better than others along the way. These symbols will be available throughout the site during your session. Until July 20, when OCGN stock jumped about 20%, shares were down 21% from the March low. Invest better with The Motley Fool. To be sure, current cash isnt enough. Ocugen Chairman and CEO Shankar Musunuri Ocugen The company's stock opened at $8.24 per share Tuesday, up 96 cents. Hence, instead of ruining just two lives, this new Ocugen may be destroying the investment future of all who buy. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. That doesnt mean success is guaranteed. Theres even room for more lines. *Stock Advisor returns as of November 20, 2020. Almost all the headlines about Ocugen in the past year have been about the companys COVID-19 vaccine candidate. Literally, zero. 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 before that point, the most promising candidates generally can find funding. See disclosure here. Considering the conditions facing the company, I do not recommend Ocugen stock regardless of risk tolerances. 1125 N. Charles St, Baltimore, MD 21201. 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? For investors new to the story, there are some positives when it comes to OCGN stock. Keith Speights for Ocugen estimates the drug could have as many as 63,000 potential patients. 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. Histogenics shareholders then received about 14% of the company, according to the merger prospectus. Shares fell 72% on the news, and kept falling after Histogenics decided to suspend development of the product in December 2018. Unfortunately, when the market bounced in late March 2020, Ocugen kept heading lower. There's a pretty good case to be made that other stocks offer even better prospects for returns with lower risk than Ocugen does. The Ocugen 52-week high stock price is 4.03, which is 328.7% above the current share price. On June 10, though, Ocugen announced that the U.S. Food and Drug Administration (FDA) had effectively shut the door on an EUA filing. All rights reserved. Ocugen sold $25 million of stock in a private placement before the merger. 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..

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