The Growth Opportunity In SeaStar Medical Holding Corp (NASDAQ: ICU)

SeaStar Medical Holding Corp (NASDAQ:ICU) shares, rose in value, with the stock price down by -1.14% to the previous day’s close as strong demand from buyers drove the stock to $0.74.

Actively observing the price movement in the last trading, the stock closed the session at $0.75. The value of beta (5-year monthly) was -1.16. Referring to stock’s 52-week performance, its high was $2.50, and the low was $0.16. On the whole, ICU has fluctuated by -5.34% over the past month.

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With the market capitalization of SeaStar Medical Holding Corp currently standing at about $48.39 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 04, 2024 – Apr 06, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.13, which is expected to increase to -$0.15 for fiscal year -$1.15 and then to about -$0.61 by fiscal year 2024.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ICU’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ICU currently trading nearly -7.48% and -12.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.92, while the 7-day volatility ratio is showing 9.69% which for the 30-day chart, stands at 11.57%. Furthermore, SeaStar Medical Holding Corp (ICU)’s beta value is -1.15, and its average true range (ATR) is 0.10.

A comparison of SeaStar Medical Holding Corp (ICU) with its peers suggests the former has fared considerably weaker in the market. ICU showed an intraday change of -1.14% in last session, and over the past year, it shrunk by -60.06%%.

Data on historical trading for SeaStar Medical Holding Corp (NASDAQ:ICU) indicates that the trading volumes over the past 10 days have averaged 1.8 million and over the past 3 months, they’ve averaged 6.21 million. According to company’s latest data on outstanding shares, there are 65.15 million shares outstanding.

Nearly 19.31% of SeaStar Medical Holding Corp’s shares belong to company insiders and institutional investors own 1.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.24 million shares as on Mar 15, 2024, resulting in a short ratio of 0.36. According to the data, the short interest in SeaStar Medical Holding Corp (ICU) stood at 4.97% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 2.49 million. The stock has risen by 67.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ICU stock heading into the next quarter.