Ocean Biomedical Inc. (NASDAQ:OCEA) price on Thursday, May 09,fall -0.57% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.74.
A look at the stock’s price movement, the close in the last trading session was $1.75. Turning to its 52-week performance, $12.08 and $0.52 were the 52-week high and 52-week low respectively. Overall, OCEA moved -28.40% over the past month.
Ocean Biomedical Inc.’s market cap currently stands at around $60.29 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OCEA is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
OCEA’s current price about 7.27% and -39.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.60, while 7-day volatility ratio is 16.83% and 14.49% in the 30-day chart. Further, Ocean Biomedical Inc. (OCEA) has a beta value of 1.70, and an average true range (ATR) of 0.30.
If we refocus on Ocean Biomedical Inc. (NASDAQ:OCEA), historical trading data shows that trading volumes averaged 6.97 million over the past 3 months. The company’s latest data on shares outstanding shows there are 34.65 million shares.
The 74.86% of Ocean Biomedical Inc.’s shares are in the hands of company insiders while institutional holders own 13.49% of the company’s shares. Current price change has pushed the stock 163.64% 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.
