Ocean Biomedical Inc (NASDAQ:OCEA) currently has a daily average trading volume of 55.46M but it saw 11901053 shares traded in last market. With a market cap of 6.61M USD, the company’s current market price of $0.05 came rising about 19.29 while comparing to the previous closing price of $0.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.63 and as low as $0.04. In the recent trading on the day, stock has struck highest price mark of $0.0385 while lowest mark touched by it was $0.0474.
Taking a look at 20-day trading activity of Ocean Biomedical Inc (OCEA) gives us an average price of $0.0587, while its current price level is -98.21% below from 52-week high level whereas it is 22.08% 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 $0.1023 while that of 200 days or SMA-200 reads an average of $0.7021. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.55% during that period while stretching the period over a month that increases to 23.91%. 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 33.10 which implies that the stock is in neutral territory.
Over the week, OCEA’s stock price is moving -11.15% down while it is -44.58% when we observe its performance for the past one month. Year-to-date it is -91.50% down and over the past year, the stock is showing a downside performance of -98.19%.
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. Stock’s beta reads 1.66. Its return on asset (ROA) is -2461.30% on average.
