Ocean Biomedical Inc (NASDAQ:OCEA) currently has a daily average trading volume of 254.05K but it saw 184383032 shares traded in last market. With a market cap of 8.48M USD, the company’s current market price of $0.24 came falling about -26.33 while comparing to the previous closing price of $0.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.79 and as low as $0.33. In the recent trading on the day, stock has struck highest price mark of $0.2401 while lowest mark touched by it was $0.6594.
Taking a look at 20-day trading activity of Ocean Biomedical Inc (OCEA) gives us an average price of $0.5479, while its current price level is -96.88% below from 52-week high level whereas it is -25.68% 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 $0.6212 while that of 200 days or SMA-200 reads an average of $1.0570. A closer look into the stock’s movement over the week reveals that its volatility is standing at 49.85% during that period while stretching the period over a month that decreases to 22.47%. 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 22.85 which implies that the stock is in oversold territory.
Over the week, OCEA’s stock price is moving -47.72% down while it is -56.74% when we observe its performance for the past one month. Year-to-date it is -56.04% down and over the past year, the stock is showing a downside performance of -58.64%.
Currently, Ocean Biomedical Inc’s total number of outstanding shares is 34.87M with 71.99% of that held by the insiders while 10.54% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -1691.47%. Stock’s beta reads 1.33. Its return on asset (ROA) is -2461.30% on average.
