SeaStar Medical Holding Corp (NASDAQ: ICU)’s stock price has gone decline by -22.22 in comparison to its previous close of 2.52, however, the company has experienced a -21.60% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-11-13 that DENVER, Nov. 13, 2024 (GLOBE NEWSWIRE) — SeaStar Medical Holding Corporation (Nasdaq: ICU) (“SeaStar Medical” or the “Company”), a commercial-stage medical device company developing proprietary solutions to reduce the consequences of hyperinflammation on vital organs, reports financial results for the three and nine months ended September 30, 2024, and provides a business update.
Is It Worth Investing in SeaStar Medical Holding Corp (NASDAQ: ICU) Right Now?
Moreover, the 36-month beta value for ICU is -1.10. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ICU is 4.00M and currently, short sellers hold a 7.20% of that float. On November 15, 2024, ICU’s average trading volume was 107.38K shares.
ICU’s Market Performance
ICU’s stock has seen a -21.60% decrease for the week, with a -53.33% drop in the past month and a -69.89% fall in the past quarter. The volatility ratio for the week is 14.04%, and the volatility levels for the past 30 days are at 10.49% for SeaStar Medical Holding Corp The simple moving average for the past 20 days is -37.40% for ICU’s stock, with a -81.13% simple moving average for the past 200 days.
ICU Trading at -50.48% from the 50-Day Moving Average
After a stumble in the market that brought ICU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.43% of loss for the given period.
Volatility was left at 10.49%, however, over the last 30 days, the volatility rate increased by 14.04%, as shares sank -51.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -60.64% lower at present.
During the last 5 trading sessions, ICU fell by -21.60%, which changed the moving average for the period of 200-days by -90.23% in comparison to the 20-day moving average, which settled at $3.13. In addition, SeaStar Medical Holding Corp saw -82.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ICU starting from Chung Kevin, who purchase 1,000 shares at the price of $4.26 back on Sep 30 ’24. After this action, Chung Kevin now owns 9,435 shares of SeaStar Medical Holding Corp, valued at $4,258 using the latest closing price.
Van Heel Kenneth, the Director of SeaStar Medical Holding Corp, purchase 100,000 shares at $0.40 during a trade that took place back on Nov 22 ’23, which means that Van Heel Kenneth is holding 116,400 shares at $40,000 based on the most recent closing price.
Stock Fundamentals for ICU
Current profitability levels for the company are sitting at:
- -235.56 for the present operating margin
- 1.0 for the gross margin
The net margin for SeaStar Medical Holding Corp stands at -445.38. The total capital return value is set at 7.81. Equity return is now at value -103.15, with -886.46 for asset returns.
Currently, EBITDA for the company is -11.14 million with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 95.14. The receivables turnover for the company is 1.0for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.54.
Conclusion
To wrap up, the performance of SeaStar Medical Holding Corp (ICU) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
