Odyssey Marine Exploration, Inc (NASDAQ: OMEX) – Time For Strategy Change?

Odyssey Marine Exploration, Inc (NASDAQ:OMEX) currently has a daily average trading volume of 8.08M but it saw 1799420 shares traded in last market. With a market cap of 8.04M USD, the company’s current market price of $0.37 came rising about 9.19 while comparing to the previous closing price of $0.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.57 and as low as $0.30. In the recent trading on the day, stock has struck highest price mark of $0.3401 while lowest mark touched by it was $0.3962.

Taking a look at 20-day trading activity of Odyssey Marine Exploration, Inc (OMEX) gives us an average price of $0.4165, while its current price level is -93.37% below from 52-week high level whereas it is 21.98% 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 $0.4838 while that of 200 days or SMA-200 reads an average of $3.0455. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.71% during that period while stretching the period over a month that increases to 18.59%. 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 42.64 which implies that the stock is in neutral territory.

Over the week, OMEX’s stock price is moving -2.45% down while it is -8.74% when we observe its performance for the past one month. Year-to-date it is -92.05% down and over the past year, the stock is showing a downside performance of -87.60%.

Currently, Odyssey Marine Exploration, Inc’s total number of outstanding shares is 21.73M. Stock’s beta reads 0.15. Stock has a price to sale or P/S ratio amounts to 10.05. Its return on asset (ROA) is -49.96% on average.