The trading price of Odyssey Marine Exploration, Inc (NASDAQ:OMEX) closed lower on Tuesday, May 06, and closing at $1.14, -7.32% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $5.57 and a 52-week low of $0.27. Over the past month, the stock has gained 245.45% in value.
Odyssey Marine Exploration, Inc, whose market valuation is $33.25 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest OMEX has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that OMEX’s price is currently 43.33% off the SMA20 and 102.85% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.97, and weekly volatility stands at 15.54%. When measured over the past 30 days, the indicator reaches 32.84%. Odyssey Marine Exploration, Inc (NASDAQ:OMEX)’s beta value is currently sitting at -0.77, while the Average True Range indicator is currently displaying 0.23.
To see how Odyssey Marine Exploration, Inc stock has been performing in comparison to its peers in the industry, here are the numbers: OMEX stock’s performance was -7.32% in the latest trading, and -67.61% in the past year.
An evaluation of the daily trading volume of Odyssey Marine Exploration, Inc (NASDAQ:OMEX) indicates that the 3-month average is 17.16 million.
Currently, records show that 28.83 million of the company’s shares remain outstanding. The insiders hold 12.32% of outstanding shares, whereasinstitutions hold 15.94%. However, since the stock’s price has seen 58.33% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
