Transcript : Ocugen, Inc., Q3 2026 Earnings Call, Nov 04, 2026
Nov. 04: Ocugen, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026 : CI : O ...
Model output · Signal date 2026-11-06
Ocugen, Inc. (OCGN) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
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90-day forecast
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30-day forecast
Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
32.0%
Spearman, 357 dates
Market Cap
$314M
small-cap · #60 of 60 peers
Summary
Ocugen, Inc. (OCGN) stock forecast summary
Our AI scores Ocugen, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Ocugen, Inc. is a small-cap company with a market capitalization of $314M. It ranks number 60 by market capitalization among the 60 Biological Products, (No Diagnostic Substances) issuers in our coverage with a current forecast. Its Current Ratio of 0.77x is the lowest of the 60 peers that report one.
For OCGN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 32.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 34.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, OCGN included.
Price
OCGN price chart and AI forecast
Cross-section · 2026-11-06
How OCGN ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-30
Ocugen, Inc. (OCGN) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Biological Products, (No Diagnostic Substances) peers listed below that report each metric.
Valuation & Market
| Metric | OCGN | Rank |
|---|---|---|
| Market Cap | $314M | 60/60 |
| Revenue/Share | $0.01 | – |
| FCF/Share | $-0.19 | – |
Profitability & Margins
| Metric | OCGN | Rank |
|---|---|---|
| ROA | -60.5% | 40/47 |
| Operating Margin | -1444.1% | 34/41 |
| Net Margin | -1367.3% | 30/36 |
| EBT Margin | -1547.3% | 35/43 |
Financial Health
| Metric | OCGN | Rank |
|---|---|---|
| Current Ratio | 0.77x | 60/60 |
| Interest Coverage | -13.8x | 17/38 |
| Working Capital | -$27M | 59/59 |
Cash Flow
| Metric | OCGN | Rank |
|---|---|---|
| Operating Cash Flow | -$64M | 25/57 |
| Free Cash Flow | -$64M | 23/50 |
| Capital Spending | -$210K | 5/50 |
| FCF/Sales | -1336.9% | 29/33 |
| CapEx/Sales | 4.4% | 12/33 |
Operational Efficiency
| Metric | OCGN | Rank |
|---|---|---|
| Asset Turnover | 0.04x | 30/38 |
| Fixed Assets Turnover | 0.4x | 36/39 |
Income Statement
| Metric | OCGN | Rank |
|---|---|---|
| Total Revenue | $5M | 36/39 |
| Operating Income | -$69M | 20/54 |
| Net Income | -$65M | 15/47 |
| R&D Expense | $45M | 51/56 |
Dividend & Shareholder Information
| Metric | OCGN | Rank |
|---|---|---|
| Shares Outstanding | 339M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $91M | |
| Cash & Short-term Investments | $25M | |
| Total Liabilities | $126M | |
| Short-term Debt | $114M |
Quarterly Financial Reports
OCGN quarterly financials and insider trading
Industry Peers · Biological Products, (No Diagnostic Substances)
Ocugen, Inc. (OCGN) industry peers
Companies classified under the same SEC industry code as Ocugen, Inc. (Biological Products, (No Diagnostic Substances)): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| OCGN Ocugen, Inc. | $314M | |
| AMGN Amgen Inc | $248.92B | |
| GILD Gilead Sciences, Inc. | $207.00B | |
| MRNA Moderna, Inc. | $101.48B | |
| ARGX Argenx Se | $57.38B | |
| RVMD Revolution Medicines, Inc. | $38.08B | |
| BIIB Biogen Inc. | $36.71B | |
| BNTX Biontech Se | $22.13B | |
| EXEL Exelixis, Inc. | $16.98B | |
| NBIX Neurocrine Biosciences Inc | $16.73B | |
| HALO Halozyme Therapeutics, Inc. | $11.76B | |
| TECH Bio-Techne Corp | $11.43B | |
| KYMR Kymera Therapeutics, Inc. | $11.25B | |
| RGEN Repligen Corp | $11.09B | |
| QGEN Qiagen N.V. | $10.92B | |
| PCVX Vaxcyte, Inc. | $9.51B | |
| IBRX Immunitybio, Inc. | $9.15B | |
| KRYS Krystal Biotech, Inc. | $8.92B | |
| TWST Twist Bioscience Corp | $7.57B | |
| CGON Cg Oncology, Inc. | $6.74B | |
| IMVT Immunovant, Inc. | $6.31B | |
| KOD Kodiak Sciences Inc. | $6.24B | |
| SRRK Scholar Rock Holding Corp | $5.54B | |
| CRSP Crispr Therapeutics Ag | $4.84B | |
| ADPT Adaptive Biotechnologies Corp | $4.47B | |
| RLAY Relay Therapeutics, Inc. | $4.08B | |
| IOVA Iovance Biotherapeutics, Inc. | $3.64B | |
| TARS Tarsus Pharmaceuticals, Inc. | $3.33B | |
| DNLI Denali Therapeutics Inc. | $3.21B | |
| ADMA Adma Biologics, Inc. | $2.85B | |
| BEAM Beam Therapeutics Inc. | $2.73B | |
| VCEL Vericel Corp | $2.65B | |
| COAG Hemab Therapeutics Holdings, Inc. | $2.29B | |
| RXRX Recursion Pharmaceuticals, Inc. | $2.18B | |
| LIFE Atyr Pharma Inc | $2.14B | |
| REPL Replimune Group, Inc. | $2.05B | |
| BCRX Biocryst Pharmaceuticals Inc | $1.97B | |
| MAZE Maze Therapeutics, Inc. | $1.90B | |
| VIR Vir Biotechnology, Inc. | $1.86B | |
| MESO Mesoblast Ltd | $1.83B | |
| NVAX Novavax Inc | $1.78B | |
| ALVO Alvotech | $1.73B | |
| IMCR Immunocore Holdings Plc | $1.60B | |
| TSHA Taysha Gene Therapies, Inc. | $1.41B | |
| VOR Vor Biopharma Inc. | $1.15B | |
| ODTX Odyssey Therapeutics, Inc. | $924M | |
| GLUE Monte Rosa Therapeutics, Inc. | $902M | |
| IMTX Immatics N.V. | $853M | |
| PRME Prime Medicine, Inc. | $843M | |
| MGTX Meiragtx Holdings Plc | $817M | |
| DNA Ginkgo Bioworks Holdings, Inc. | $760M | |
| CGEM Cullinan Therapeutics, Inc. | $728M | |
| SANA Sana Biotechnology, Inc. | $709M | |
| SLDB Solid Biosciences Inc. | $707M | |
| AURA Aura Biosciences, Inc. | $680M | |
| FDMT 4d Molecular Therapeutics, Inc. | $676M | |
| CADL Candel Therapeutics, Inc. | $670M | |
| DBVT Dbv Technologies S.A. | $657M | |
| SRZN Surrozen, Inc./De | $542M | |
| ENTX Entera Bio Ltd. | $518M |
Where OCGN sits on the market map
Life Sciences · Biological Products, (No Diagnostic Substances)
News
Ocugen, Inc. (OCGN) stock news
Ocugen, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026
Ocugen, Inc. reported earnings results for the third quarter and nine months ended September 30, 2026. For the third quarter, the company reported revenue was USD 1.95 million compared to USD 1.75 ...
Ocugen to Participate in Upcoming November Investor and Industry Conferences
Ocugen, Inc. (Ocugen or the Company) (NASDAQ: OCGN), a pioneering biotechnology company developing gene therapies for ...
FAQ
Ocugen, Inc. (OCGN) stock forecast FAQ
What is the Ocugen, Inc. (OCGN) stock forecast?
Our AI scores Ocugen, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Ocugen, Inc. stock predictions?
For OCGN, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 32.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 34.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Ocugen, Inc. forecasts updated?
Ocugen, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Ocugen, Inc.'s industry peers?
60 issuers in our coverage, OCGN included, share the SEC industry code Biological Products, (No Diagnostic Substances). The largest are: Amgen Inc (AMGN), Gilead Sciences, Inc. (GILD), Moderna, Inc. (MRNA), Argenx Se (ARGX), Revolution Medicines, Inc. (RVMD), Biogen Inc. (BIIB).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.