Ocean Biomedical Inc [NASDAQ: OCEA] loss -5.58% or -0.01 points to close at $0.04 with a heavy trading volume of 10159047 shares.
The daily chart for OCEA points out that the company has recorded -95.17% loss over the past six months.
If we look at the average trading volume of 55.05M shares, OCEA reached to a volume of 10159047 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] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.68. With this latest performance, OCEA shares dropped by -29.03% in over the last four-week period, additionally sinking by -95.17% over the last 6 months – not to mention a drop of -98.03% 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 33.26, with the RSI for the last a single of trading hit 36.05, and the three-weeks RSI is set at 31.46 for Ocean Biomedical Inc [OCEA]. The present Moving Average for the last 50 days of trading for this stock 0.0896, while it was recorded at 0.0450 for the last single week of trading, and 0.6752 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 $2.25%, or 2.63%% of OCEA stock, in the hands of institutional investors. The top three institutional holders of OCEA stocks are: POLAR ASSET MANAGEMENT PARTNERS INC. with ownership of 2.69 million shares, which is approximately 9.7798%. MILLENNIUM MANAGEMENT LLC, holding 0.17 million shares of the stock with an approximate value of $$0.21 million in OCEA stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $$0.17 million in OCEA stock with ownership which is approximately 0.5199%.
