Ocean Biomedical Inc (NASDAQ:OCEA) currently has a daily average trading volume of 35.54M but it saw 858103034 shares traded in last market. With a market cap of 11.77M USD, the company’s current market price of $0.08 came rising about 47.36 while comparing to the previous closing price of $0.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.37 and as low as $0.05. In the recent trading on the day, stock has struck highest price mark of $0.066 while lowest mark touched by it was $0.136.
Taking a look at 20-day trading activity of Ocean Biomedical Inc (OCEA) gives us an average price of $0.0764, while its current price level is -98.08% below from 52-week high level whereas it is 63.80% 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 $0.1881 while that of 200 days or SMA-200 reads an average of $0.7721. A closer look into the stock’s movement over the week reveals that its volatility is standing at 36.16% during that period while stretching the period over a month that decreases to 19.76%. 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 39.81 which implies that the stock is in neutral territory.
Over the week, OCEA’s stock price is moving 38.35% up while it is -20.29% when we observe its performance for the past one month. Year-to-date it is -84.86% down and over the past year, the stock is showing a downside performance of -98.03%.
The company is expected to be releasing its next quarterly report on 2024-Apr-14, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.
Currently, Ocean Biomedical Inc’s total number of outstanding shares is 140.59M with 17.04% of that held by the insiders while 2.60% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -1691.47%. Stock’s beta reads 1.54. Its return on asset (ROA) is -2461.30% on average.
