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Saturday, September 30, 2023

Oragenics Inc. (AMEX:OGEN) Stock is Plummeting, Here is Why

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Oragenics Inc. (OGEN) shares are trading at lower $0.46 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $2.09 and the low is $0.36. Over the last 52 weeks, OGEN is down -17.72% while the S&P 500 is up 17.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, OGEN reported a profit of $4000.0. Oragenics Inc. also saw revenues increase to $4.51 million. In addition, OGEN has free cash flow of -$13.32 million as of 09-2020. The company’s EBITDA came in at -$4.5 million which compares well with its peers.

OGEN Return on Equity (ROE) is -499.10%, and its Return on Assets is -178.80%. All told, it is clear that, OGEN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OGEN has a short ratio of 0.40 and outstanding shares of 59.67M.

Company Outlook

OGEN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 19.66 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.50. Oragenics Inc. OGEN also noted assets of $11.28 million at the end of the last quarter. Investors should also keep an eye on sector updates as OGEN has historically followed its peers on positive news.

All told, Oragenics Inc. OGEN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OGEN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Oragenics Inc. OGEN is now commanding a market cap of 27.66M and a float of 51.86M. OGEN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OGEN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in OGEN, either long or short, and we have not been compensated for this article.

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