Technical Outlook And Game Plan For Ocean Biomedical Inc (NASDAQ: OCEA)

Ocean Biomedical Inc (OCEA) concluded trading on Wednesday at a closing price of $0.24, with 184.38 million shares of worth about $44.25 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -80.07% during that period and on January 29, 2025 the price saw a loss of about -26.33%. Currently the company’s common shares owned by public are about 34.87M shares, out of which, 10.41M shares are available for trading.

Stock saw a price change of -47.72% in past 5 days and over the past one month there was a price change of -56.74%. Year-to-date (YTD), OCEA shares are showing a performance of -56.04% which decreased to -58.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.33 but also hit the highest price of $7.79 during that period. The average intraday trading volume for Ocean Biomedical Inc shares is 254.05K. The stock is currently trading -55.63% below its 20-day simple moving average (SMA20), while that difference is down -60.87% for SMA50 and it goes to -77.00% lower than SMA200.

Ocean Biomedical Inc (NASDAQ: OCEA) currently have 34.87M outstanding shares and institutions hold larger chunk of about 10.30% of that.

The stock has a current market capitalization of $8.48M and its 3Y-monthly beta is at 1.33. It has posted earnings per share of -$0.84 in the same period. It has Quick Ratio of 0.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OCEA, volatility over the week remained 49.85% while standing at 22.47% over the month.

Analysts are in expectations that Ocean Biomedical Inc (OCEA) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is 0 and it is 0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same.

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