Ocean Biomedical Inc. (NASDAQ:OCEA) currently has a daily average trading volume of 6.95M but it saw 1047945 shares traded in last market. With a market cap of 60.64M USD, the company’s current market price of $1.75 came rising about 24.56 while comparing to the previous closing price of $1.40. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.08 and as low as $0.52.
Taking a look at 20-day trading activity of Ocean Biomedical Inc. (OCEA) gives us an average price of $1.6220, while its current price level is -85.51% below from 52-week high level whereas it is 236.54% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.8628 while that of 200 days or SMA-200 reads an average of $2.3191. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.80% during that period while stretching the period over a month that decreases to 13.84%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.82 which implies that the stock is in neutral territory.
Over the week, OCEA’s stock price is moving 16.28% up while it is -29.15% when we observe its performance for the past one month. Year-to-date it is 165.15% up and over the past year, the stock is showing a downside performance of -70.93%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.43 beat the consensus estimate of -0.16 for the same.
Currently, Ocean Biomedical Inc.’s total number of outstanding shares is 34.65M. Company’s return on equity (ROE) at -678.22%. Stock’s beta reads 1.62. Its return on asset (ROA) is -176.47% on average.
