Summary: Ocugen is a prominent biopharmaceutical company dedicated to developing gene therapies for treating and curing ophthalmic diseases and blindness. This guide will explain to investors how to buy Ocugen stock using a reputable online broker like eToro.
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About Ocugen
Headquartered in Malvern, Pennsylvania, Ocugen’s portfolio includes OCU400, a novel gene therapy that helps in restoring diverse inherent retinal diseases, OCU410 used to treat dry age-related macular degeneration, and OCU200, a fusion protein designed to help with diabetic macular edema, retinopathy, and wet AMD.
The company aims to help patients worldwide through innovative treatments and gene therapy focused on the retina, countering infectious diseases through research, and meeting medical needs related to orthopedic diseases.
Ocugen’s stock trades on the NASDAQ under the OCGN ticker.
How to buy Ocugen stock: step-by-step
You can obtain Ocugen shares through a regulated investment platform in a few simple steps:
Step 1: Choose a broker
Investors must first gain access to the stock market to buy Ocugen stock. The simplest method is to use a reputable brokerage.
To securely buy Ocugen stock, we recommend you consider eToro:
- Commission-free stock and ETF trading;
- 2,000+ stocks from 17 exchanges;
- Fractional shares available;
- Charting tools;
- User-friendly platform.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
For more similar investing options, consider the following guides:
- How to buy Amgen stock;
- How to buy Pfizer stock;
- How to buy Eli Lilly stock;
- How to buy Moderna stock;
- How to buy Thermo Fischer Scientific stock;
- How to buy Cybin stock.
Step 2: Open and fund your account
After you decide on the right platform for you, continue to create and verify your account. The brokerage will email you the proper instructions.
Next, you should deposit some funds into your new account to prepare to invest in Ocugen. Typically used funding methods include bank transfers, debit or credit cards, and transaction services like PayPal.
Step 3: Decide how much you want to invest
Limiting your maximum budget will safeguard you from spiraling debt and a potential financial catastrophe. Furthermore, you also need to make sure you have done the following:
- Paid off all high-interest debt, such as credit cards and personal loans;
- Created an emergency fund that covers at least three months of daily life expenses.
Step 4: Place your order and buy Ocugen stock
Next, you should place an order and purchase shares in Ocugen:
- Step 1: Log into your investing service account and find Ocugen’s ticker symbol OCGN;
- Step 2: Type in the amount or the number of shares you want to purchase;
- Step 3: Select the order type (market order or limit order) and place it;
- Step 4: Confirm the trade order.
Ocugen stock price today
Pros and cons of buying Ocugen stock
Pros
- High returns potential: If Ocugen’s various novel gene therapy projects prove successful, investors could earn significant returns on their investment;
- Innovation: Ocugen’s focus on R&D for rare inherited eye disease treatments could lead to further breakthroughs in medical science, which may provide long-term value for the company;
- Diversification: Investing in biopharma companies such as Ocugen can diversify your portfolio, as OCGN’s performance may differ from broader market trends;
- Partnerships: The company’s collaborations, such as with Bharat Biotech and CanSino Biologics, provide access to expertise, resources, and broader distribution networks, which could boost their projects overall.
Cons
- Clinical trial risks: Ocugen could face substantial risks associated with the outcomes of clinical trials. If trials fail or face delays, investors could suffer significant losses;
- Competition: The biopharmaceutical industry is fiercely competitive, with various companies vying to develop treatments for similar conditions, which can affect Ocugen’s market share and pricing power;
- Regulatory approvals: Approvals are vital for launching drugs on the market. Failure to obtain regulatory approvals can lead to a plummeting company’s revenue prospects;
- Financial instability: Biotech companies tend to have volatile stock prices, as investor sentiment gets easily influenced by news related to clinical trials, regulatory decisions, and partnership (dis)agreements.
Common mistakes to avoid when buying Ocugen stock
Make sure to avoid these common investing mistakes:
- Lack of research: Research the trends regarding biotechnology companies and Ocugen’s performance before investing;
- Lack of strategy: Set your goals before you spend any money;
- Staking everything on one asset: Always diversify your portfolio;
- Falling prey to scams: Avoid illegal platforms and suspicious deals;
- Fear of missing out: If the numbers do not add up, do not invest: it is better to miss out than lose money.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Ocugen stock
Who owns most shares of Ocugen?
The largest Ocugen shareholder is Vanguard Group with 11,589,343 shares or 4.52% of all shares outstanding, according to TipRanks.
What's Ocugen's stock symbol?
Investors can find Ocugen on the NASDAQ stock exchange under the ticker OCGN.
Where can I buy Ocugen stock online?
You can buy Ocugen stock online on the market that lists it with a reliable brokerage platform like eToro.
Why is Ocugen a good stock to buy?
Ocugen is a prominent biopharma company with a focus on genetically inherited eye conditions. Due to the narrow targeting of rare genetic diseases, Ocugen has a dominant position in its medical niche.
Is Ocugen a buy?
The answer depends on the biotechnology market climate in the following years and how well Ocugen adapts to changing trends in the sector. Make sure to do your own research before investing.
Why did Ocugen stock crash?
Ocugen stock plummeted in mid-2023 due to additional plans to dilute shareholders, as the company was strained for cash. Furthermore, it was focused on a COVID-19 vaccine at the time the market seemed to no longer need it.
How do I buy Ocugen stock?
To purchase shares in Ocugen, make an account on an online brokerage platform, locate the company’s ticker, place an order, and buy the stock.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
