Geode Capital Management LLC recently announced the acquisition of new stake in SeaStar Medical Holding Corp (NASDAQ:ICU). The institutional investor has increased its shareholding in the Healthcare company by 373.87% to 86714.0 shares with purchase of 68415.0 shares. This fresh investment now brings its stake to 0.23% valued currently at $44137.0. In addition, Warberg Asset Management LLC raised its holdings by 16500.0 to 16500.0 shares.
With over 6.06 million SeaStar Medical Holding Corp (ICU) shares trading Monday and a closing price of $0.57 on the day, the dollar volume was approximately $3.46 million. The shares have shown a positive half year performance of 2.41% and its price on 01/08/24 gained nearly 9.73%. Currently, there are 42.12M common shares owned by the public and among those 27.80M shares have been available to trade.
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Insiders at the company have transacted a total of 24 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 24 of these insider trades were purchases, accounting for 776,203 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in SeaStar Medical Holding Corp are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Nasdaq Composite Index F. Vanguard Extended Market Index Fu owns 0.26 million shares of the company’s stock, all valued at over $0.13 million. The company bought an additional 0.25 million shares recently to bring their total holdings to about 0.71% of the shares outstanding. Fidelity Nasdaq Composite Index F bought 22936.0 shares to bring its total holdings to over 26907.0 shares at a value of $13696.0. Fidelity Nasdaq Composite Index F now owns shares totaling to 0.07% of the shares outstanding.
Shares of SeaStar Medical Holding Corp (NASDAQ: ICU) opened at $0.5555, up $0.04 from a prior closing price of $0.52. However, the script later moved the day high at 0.6079, up 9.73%. The company’s stock has a 5-day price change of 29.39% and 6.85% over the past three months. ICU shares are trading 29.39% year to date (YTD), with the 12-month market performance down to -84.31% lower. It has a 12-month low price of $0.16 and touched a high of $6.34 over the same period. ICU has an average intraday trading volume of 11.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 20.85%, 0.63%, and -24.87% respectively.
Institutional ownership of SeaStar Medical Holding Corp (NASDAQ: ICU) shares accounts for 5.31% of the company’s 42.12M shares outstanding. Mutual fund holders own 1.03%, while other institutional holders and individual stakeholders account for 10.65% and -0.32% respectively.
It has a market capitalization of $24.13M and a beta (3y monthly) value of -1.26. The earnings-per-share (ttm) stands at -$3.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.33% over the week and 10.56% over the month.
Analysts forecast that SeaStar Medical Holding Corp (ICU) will achieve an EPS of -$0.13 for the current quarter, -$0.15 for the next quarter and -$0.61 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.13 while analysts give the company a high EPS estimate of -$0.13. Earnings per share for the fiscal year are expected to increase by 58.93%, and 46.96% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate SeaStar Medical Holding Corp (ICU) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
