Odyssey Marine Exploration, Inc (NASDAQ:OMEX) shares, rose in value on Wednesday, April 16, with the stock price up by 62.69% to the previous day’s close as strong demand from buyers drove the stock to $0.69.
Actively observing the price movement in the last trading, the stock closed the session at $0.42, falling within a range of $0.4772 and $0.7975. The value of beta (5-year monthly) was -0.091. Referring to stock’s 52-week performance, its high was $5.57, and the low was $0.27. On the whole, OMEX has fluctuated by 59.81% over the past month.
With the market capitalization of Odyssey Marine Exploration, Inc currently standing at about $20.04 million, investors are eagerly awaiting this quarter’s results, scheduled for in May.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OMEX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of OMEX currently trading nearly 70.73% and 61.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 77.68, while the 7-day volatility ratio is showing 26.78% which for the 30-day chart, stands at 19.18%. Furthermore, Odyssey Marine Exploration, Inc (OMEX)’s beta value is -0.42, and its average true range (ATR) is 0.08.
A comparison of Odyssey Marine Exploration, Inc (OMEX) with its peers suggests the former has fared considerably weaker in the market. OMEX showed an intraday change of 62.69% in last session, and over the past year, it shrunk by -81.87%%.
Data on historical trading for Odyssey Marine Exploration, Inc (NASDAQ:OMEX) indicates that the trading volumes over the past 10 days have averaged 25.22 and over the past 3 months, they’ve averaged 505.24K. According to company’s latest data on outstanding shares, there are 28.83 million shares outstanding.
Nearly 12.19% of Odyssey Marine Exploration, Inc’s shares belong to company insiders and institutional investors own 15.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.66 million shares as on 2025-03-31, resulting in a short ratio of 3.23. According to the data, the short interest in Odyssey Marine Exploration, Inc (OMEX) stood at 690.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.62 million. The stock has fallen by -4.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OMEX stock heading into the next quarter.
