The trading price of Odyssey Marine Exploration, Inc (NASDAQ:OMEX) closed lower on Tuesday, May 27, and closing at $0.87, -2.70% 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 lost -42.38% in value.
Odyssey Marine Exploration, Inc, whose market valuation is $27.26 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. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
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 -19.87% off the SMA20 and 18.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.87, and weekly volatility stands at 0.86%. When measured over the past 30 days, the indicator reaches 7.51%. Odyssey Marine Exploration, Inc (NASDAQ:OMEX)’s beta value is currently sitting at -0.84, while the Average True Range indicator is currently displaying 0.15.
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 -2.70% in the latest trading, and -78.30% 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 16.74 million.
Currently, records show that 29.16 million of the company’s shares remain outstanding. The insiders hold 12.32% of outstanding shares, whereas institutions hold 14.25%. However, since the stock’s price has seen 20.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
