Ocean Biomedical Inc (NASDAQ:OCEA) price on Thursday, March 20, rose 3.14% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.06.
A look at the stock’s price movement, the close in the last trading session was $0.06, moving within a range at $0.057 and $0.0678. The beta value (5-Year monthly) was 1.406. Turning to its 52-week performance, $4.97 and $0.05 were the 52-week high and 52-week low respectively. Overall, OCEA moved -57.26% over the past month.
Ocean Biomedical Inc’s market cap currently stands at around $8.77 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Apr-14.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OCEA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
OCEA’s current price about -27.18% and -73.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 25.42, while 7-day volatility ratio is 17.02% and 14.36% in the 30-day chart. Further, Ocean Biomedical Inc (OCEA) has a beta value of 1.57, and an average true range (ATR) of 0.02.
If we refocus on Ocean Biomedical Inc (NASDAQ:OCEA), historical trading data shows that trading volumes averaged 13.46 over the past 10 days and 35.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 140.59 million shares.
The 16.22% of Ocean Biomedical Inc’s shares are in the hands of company insiders while institutional holders own 2.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.72 million on 2025-02-28, giving us a short ratio of 0.07. The data shows that as of 2025-02-28 short interest in Ocean Biomedical Inc (OCEA) stood at 488.00003 of shares outstanding, with shares short rising to 1.59 million registered in 2025-01-31. Current price change has pushed the stock -88.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OCEA stock continues to rise going into the next quarter.
