Is Odyssey Marine Exploration, Inc. (OMEX) a good stock to buy now?

Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) is -80.97% lower on its value in year-to-date trading and has touched a low of $0.45 and a high of $5.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OMEX stock was last observed hovering at around $0.89 in the last trading session, with the day’s loss setting it -0.01%.

Currently trading at $0.88, the stock is -69.89% and -75.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -0.56% at the moment leaves the stock -78.68% off its SMA200. OMEX registered -76.21% loss for a year compared to 6-month gain of -76.77%. The firm has a 50-day simple moving average (SMA 50) of $3.55948 and a 200-day simple moving average (SMA200) of $4.13822.

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The stock witnessed a -77.88% loss in the last 1 month and extending the period to 3 months gives it a -81.86%, and is 7.25% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 20.48% over the week and 66.93% over the month.

Odyssey Marine Exploration, Inc. (OMEX) has around 11 employees, a market worth around $18.22M and $1.11M in sales. Current P/E ratio is 38.48. Profit margin for the company is 58.75%. Distance from 52-week low is 96.67% and -84.12% from its 52-week high.

with sales reaching $1M over the same period., but quarterly earnings will post -25.10% year-over-year. Quarterly sales are estimated to shrink -25.10% in year-over-year returns.

Odyssey Marine Exploration, Inc. (OMEX) Top Institutional Holders

54.0 institutions hold shares in Odyssey Marine Exploration, Inc. (OMEX), with institutional investors hold 47.80% of the company’s shares. The shares outstanding are 20.07M, and float is at 19.84M with Short Float at 8.27%. Institutions hold 46.04% of the Float.

The top institutional shareholder in the company is FOURWORLD CAPITAL MANAGEMENT LLC with over 3.03 million shares valued at $14.79 million. The investor’s holdings represent 14.8328% of the OMEX Shares outstanding. As of 2024-06-30, the second largest holder is TWO SEAS CAPITAL LP with 1.15 million shares valued at $5.62 million to account for 5.6334 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.86 million shares representing 4.1877% and valued at over $4.17 million, while CORBIN CAPITAL PARTNERS, L.P. holds 2.6999 of the shares totaling 0.55 million with a market value of $2.35 million.