The Week Ahead: Are Investors Really Too Optimistic About Odyssey Marine Exploration, Inc. (NASDAQ: OMEX)

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) currently has a daily average trading volume of 7.00M but it saw 833387 shares traded in last market. With a market cap of 14.15M USD, the company’s current market price of $0.69 came falling about -4.48 while comparing to the previous closing price of $0.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.57 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $0.687 while lowest mark touched by it was $0.7375.

Taking a look at 20-day trading activity of Odyssey Marine Exploration, Inc. (OMEX) gives us an average price of $2.1354, while its current price level is -87.67% below from 52-week high level whereas it is 52.67% 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 $3.2301 while that of 200 days or SMA-200 reads an average of $4.0884. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.35% during that period while stretching the period over a month that increases to 67.55%. 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 27.85 which implies that the stock is in oversold territory.

Over the week, OMEX’s stock price is moving -22.81% down while it is -82.74% when we observe its performance for the past one month. Year-to-date it is -85.23% down and over the past year, the stock is showing a downside performance of -81.02%.

The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. Moreover, analysts are in estimates of $1M for current-quarter revenue.

Currently, Odyssey Marine Exploration, Inc.’s total number of outstanding shares is 20.07M. Stock’s beta reads 0.12.