The stock of Odyssey Marine Exploration, Inc (NASDAQ: OMEX) has decreased by -9.36 when compared to last closing price of 0.54. Despite this, the company has experienced a -4.84% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-09-18 that TAMPA, Fla.–(BUSINESS WIRE)—- $OMEX–Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), an ocean exploration pioneer engaged in the discovery, development, and extraction of critical minerals that provide solutions to global challenges, provides a company update. “The recent arbitration ruling and the 2018 Tribunal Federal de Justicia Administrativa (TFJA) ruling in our favor validate that our approach to responsible ocean mineral exploration is viable. We remain committed to the long-term success of ou.
Is It Worth Investing in Odyssey Marine Exploration, Inc (NASDAQ: OMEX) Right Now?
The 36-month beta value for OMEX is at 0.17. 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.”
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The public float for OMEX is 19.84M, and currently, shorts hold a 9.53% of that float. The average trading volume for OMEX on November 08, 2024 was 7.07M shares.
OMEX’s Market Performance
OMEX’s stock has seen a -4.84% decrease for the week, with a -19.60% drop in the past month and a -86.39% fall in the past quarter. The volatility ratio for the week is 9.49%, and the volatility levels for the past 30 days are at 7.86% for Odyssey Marine Exploration, Inc The simple moving average for the last 20 days is -11.43% for OMEX stock, with a simple moving average of -86.47% for the last 200 days.
OMEX Trading at -66.93% from the 50-Day Moving Average
After a stumble in the market that brought OMEX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.26% of loss for the given period.
Volatility was left at 7.86%, however, over the last 30 days, the volatility rate increased by 9.49%, as shares sank -23.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -88.16% lower at present.
During the last 5 trading sessions, OMEX fell by -7.99%, which changed the moving average for the period of 200-days by -89.80% in comparison to the 20-day moving average, which settled at $0.5491. In addition, Odyssey Marine Exploration, Inc saw -89.52% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OMEX
Current profitability levels for the company are sitting at:
- -15.17 for the present operating margin
- -2.84 for the gross margin
The net margin for Odyssey Marine Exploration, Inc stands at -4.68. The total capital return value is set at 1.0.
Based on Odyssey Marine Exploration, Inc (OMEX), the company’s capital structure generated -2.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at -0.73. The interest coverage ratio of the stock is -3.16.
Currently, EBITDA for the company is -9.92 million with net debt to EBITDA at -1.63. When we switch over and look at the enterprise to sales, we see a ratio of 37.42. The receivables turnover for the company is 10.07for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.21.
Conclusion
In conclusion, Odyssey Marine Exploration, Inc (OMEX) 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.
