Ocean Biomedical Inc [NASDAQ: OCEA] loss -11.11% on the last trading session, reaching $0.06 price per share at the time.
If compared to the average trading volume of 36.02M shares, OCEA reached a trading volume of 7259260 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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.
Trading performance analysis for OCEA stock
Ocean Biomedical Inc [OCEA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.40. With this latest performance, OCEA shares dropped by -52.67% in over the last four-week period, additionally sinking by -93.89% over the last 6 months – not to mention a drop of -98.73% 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 24.88, with the RSI for the last a single of trading hit 23.49, and the three-weeks RSI is set at 26.86 for Ocean Biomedical Inc [OCEA]. The present Moving Average for the last 50 days of trading for this stock 0.2001, while it was recorded at 0.0611 for the last single week of trading, and 0.7790 for the last 200 days.
Ocean Biomedical Inc [OCEA]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at Ocean Biomedical Inc [OCEA]
There are presently around $2.60%, or 3.13%% of OCEA stock, in the hands of institutional investors.
