Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price suggested by analysts for OCEA is $17.00, which is $11.52 above the current market price. The public float for OCEA is 2.29M, and currently, shorts hold a 13.14% of that float. The average trading volume for OCEA on May 26, 2023 was 2.50M shares.
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OCEA) stock’s latest price update
Ocean Biomedical Inc. (NASDAQ: OCEA) has seen a rise in its stock price by 8.60 in relation to its previous close of 4.77. However, the company has experienced a 0.58% gain in its stock price over the last five trading sessions.
OCEA’s Market Performance
Ocean Biomedical Inc. (OCEA) has experienced a 0.58% rise in stock performance for the past week, with a -19.94% drop in the past month, and a -48.15% drop in the past quarter. The volatility ratio for the week is 32.71%, and the volatility levels for the past 30 days are at 13.21% for OCEA. The simple moving average for the past 20 days is -12.53% for OCEA’s stock, with a -41.94% simple moving average for the past 200 days.
OCEA Trading at -17.26% from the 50-Day Moving Average
After a stumble in the market that brought OCEA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.53% of loss for the given period.
Volatility was left at 13.21%, however, over the last 30 days, the volatility rate increased by 32.71%, as shares sank -23.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.40% lower at present.
During the last 5 trading sessions, OCEA rose by +0.58%, which changed the moving average for the period of 200-days by -48.51% in comparison to the 20-day moving average, which settled at $5.84. In addition, Ocean Biomedical Inc. saw -50.19% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OCEA
Equity return is now at value -0.90, with -0.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 6.29.
In conclusion, Ocean Biomedical Inc. (OCEA) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.