Ocean Biomedical Inc. [NASDAQ: OCEA] closed the trading session at $1.45.
The stocks have a year to date performance of 119.70 percent and weekly performance of -9.38 percent. The stock has been moved at 147.61 percent over the last six months. The stock has performed -17.61 percent around the most recent 30 days and changed -67.71 percent over the most recent 3-months.
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If compared to the average trading volume of 357.00K shares, OCEA reached to a volume of 114391 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Ocean Biomedical Inc. [OCEA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OCEA shares is $18.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OCEA stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
OCEA stock trade performance evaluation
Ocean Biomedical Inc. [OCEA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.38. With this latest performance, OCEA shares dropped by -17.61% in over the last four-week period, additionally plugging by 147.61% over the last 6 months – not to mention a drop of -70.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OCEA stock in for the last two-week period is set at 45.19, with the RSI for the last a single of trading hit 45.89, and the three-weeks RSI is set at 44.80 for Ocean Biomedical Inc. [OCEA]. The present Moving Average for the last 50 days of trading for this stock 1.6075, while it was recorded at 1.4700 for the last single week of trading, and 1.9156 for the last 200 days.
Ocean Biomedical Inc. [OCEA]: An insightful look at the core fundamentals
Ocean Biomedical Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.03 and a Current Ratio set at 0.03.
Ocean Biomedical Inc. [OCEA]: Institutional Ownership
The top three institutional holders of OCEA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in OCEA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in OCEA stock with ownership which is approximately 5.8386%.