Odyssey Marine Exploration, Inc (NASDAQ: OMEX)’s stock price has plunge by 0.41relation to previous closing price of 0.69. Nevertheless, the company has seen a -3.99% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-12-26 that TAMPA, Fla.–(BUSINESS WIRE)—- $OMEX–Odyssey Marine Exploration, Inc. (NASDAQ: OMEX), a global leader in ocean exploration, and Capital Latinoamericano, S.A. de C.V. (CapLat) have announced a joint venture (JV) to develop a strategic fertilizer project. Building on extensive research and validation of a high-quality phosphate resource within Mexico’s Exclusive Economic Zone (EEZ), the JV seeks to establish a private-public partnership with the Mexican government, promoting shared prosperity through su.
Is It Worth Investing in Odyssey Marine Exploration, Inc (NASDAQ: OMEX) Right Now?
Company’s 36-month beta value is 0.04.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OMEX is 18.18M, and currently, short sellers hold a 13.12% ratio of that floaft. The average trading volume of OMEX on January 08, 2025 was 2.36M shares.
OMEX’s Market Performance
OMEX stock saw an increase of -3.99% in the past week, with a monthly gain of 41.11% and a quarterly increase of 0.48%. The volatility ratio for the week is 17.50%, and the volatility levels for the last 30 days are 18.07% for Odyssey Marine Exploration, Inc (OMEX). The simple moving average for the past 20 days is 37.77% for OMEX’s stock, with a -75.41% simple moving average for the past 200 days.
OMEX Trading at 43.59% 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 -87.59% of loss for the given period.
Volatility was left at 18.07%, however, over the last 30 days, the volatility rate increased by 17.50%, as shares surge +64.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.10% upper at present.
During the last 5 trading sessions, OMEX fell by -4.17%, which changed the moving average for the period of 200-days by -83.17% in comparison to the 20-day moving average, which settled at $0.5017. In addition, Odyssey Marine Exploration, Inc saw -3.99% 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 OMEX starting from Justh Mark B, who purchase 50,000 shares at the price of $0.64 back on Dec 31 ’24. After this action, Justh Mark B now owns 551,124 shares of Odyssey Marine Exploration, Inc, valued at $32,235 using the latest closing price.
Justh Mark B, the Director of Odyssey Marine Exploration, Inc, purchase 250,000 shares at $0.55 during a trade that took place back on Dec 24 ’24, which means that Justh Mark B is holding 501,124 shares at $137,500 based on the most recent closing price.
Stock Fundamentals for OMEX
Current profitability levels for the company are sitting at:
- -15.56 for the present operating margin
- -3.69 for the gross margin
The net margin for Odyssey Marine Exploration, Inc stands at 22.26. The total capital return value is set at 1.36.
Based on Odyssey Marine Exploration, Inc (OMEX), the company’s capital structure generated 3.26 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 -1.44. The interest coverage ratio of the stock is -2.35.
Currently, EBITDA for the company is 1.58 million with net debt to EBITDA at -5.47. When we switch over and look at the enterprise to sales, we see a ratio of 43.97. The receivables turnover for the company is 9.55for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
In a nutshell, Odyssey Marine Exploration, Inc (OMEX) has experienced a mixed performance in recent times. The stock has received mixed “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.
