Ocean Biomedical Inc [NASDAQ: OCEA] plunged by $0.0 during the normal trading session on while it closed the day at $0.04.
Ocean Biomedical Inc stock has also loss -8.05% of its value over the past 7 days. However, OCEA stock has declined by -92.59% in the 3 months of the year. Over the past six months meanwhile, it has lost -95.96% and lost -92.77% year-on date.
The market cap for OCEA stock reached $6.64 million, with 166.01 million shares outstanding and 139.09 million shares in the current float. Compared to the average trading volume of 55.46M shares, OCEA reached a trading volume of 4846950 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 -8.05. With this latest performance, OCEA shares dropped by -35.90% in over the last four-week period, additionally sinking by -95.96% over the last 6 months – not to mention a drop of -97.76% 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 31.50, with the RSI for the last a single of trading hit 31.93, and the three-weeks RSI is set at 30.63 for Ocean Biomedical Inc [OCEA]. The present Moving Average for the last 50 days of trading for this stock 0.0833, while it was recorded at 0.0431 for the last single week of trading, and 0.6583 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
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%. VANGUARD GROUP INC, holding 0.41 million shares of the stock with an approximate value of $$0.5 million in OCEA stocks shares; and VANGUARD GROUP INC, currently with $$0.21 million in OCEA stock with ownership which is approximately 0.6117%.
