SeaStar Medical Holding Corp (NASDAQ: ICU): Sinking Weak -40.70% In 2024, Outlook Strong

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The trading price of SeaStar Medical Holding Corp (NASDAQ:ICU) floating higher at last check on Wednesday, June 26, closing at $7.82, 22.96% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $42.92 and a 52-week low of $3.25. Over the past month, the stock has lost -16.21% in value.

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SeaStar Medical Holding Corp, whose market valuation is $24.32 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest ICU has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.

A quick review shows that ICU’s price is currently 21.07% off the SMA20 and -17.74% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.53, and weekly volatility stands at 29.25%. When measured over the past 30 days, the indicator reaches 19.32%. SeaStar Medical Holding Corp (NASDAQ:ICU)’s beta value is currently sitting at -1.09, while the Average True Range indicator is currently displaying 1.40.

To see how SeaStar Medical Holding Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: ICU stock’s performance was 22.96% at last check in today’s session, and -40.70% in the past year.

An evaluation of the daily trading volume of SeaStar Medical Holding Corp (NASDAQ:ICU) indicates that the 3-month average is 209.50K.

Currently, records show that 3.11 million of the company’s shares remain outstanding. The insiders hold 11.82% of outstanding shares, whereas institutions hold 4.91%. However, since the stock’s price has seen -29.34% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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