Ocean Biomedical Inc [NASDAQ: OCEA] surged by $0.02 during the normal trading session on while it closed the day at $0.15.
Ocean Biomedical Inc stock has also loss -18.90% of its value over the past 7 days. However, OCEA stock has declined by -83.18% in the 3 months of the year. Over the past six months meanwhile, it has lost -86.79% and lost -73.24% year-on date.
The market cap for OCEA stock reached $5.16 million, with 34.87 million shares outstanding and 10.41 million shares in the current float. Compared to the average trading volume of 5.33M shares, OCEA reached a trading volume of 541449198 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 -18.90. With this latest performance, OCEA shares dropped by -77.85% in over the last four-week period, additionally sinking by -86.79% over the last 6 months – not to mention a drop of -71.90% 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 22.02, with the RSI for the last a single of trading hit 17.97, and the three-weeks RSI is set at 25.69 for Ocean Biomedical Inc [OCEA]. The present Moving Average for the last 50 days of trading for this stock 0.5341, while it was recorded at 0.1441 for the last single week of trading, and 0.9918 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.
