Ocean Biomedical Inc (OCEA) Analysis & Opinions from Experts

Ocean Biomedical Inc (NASDAQ: OCEA) is -91.57% lower on its value in year-to-date trading and has touched a low of $0.04 and a high of $2.44 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 OCEA stock was last observed hovering at around $0.04 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $0.05, the stock is -16.51% and -49.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.09 million and changing 7.13% at the moment leaves the stock -93.17% off its SMA200. OCEA registered -97.89% loss for a year compared to 6-month loss of -94.88%. The firm has a 50-day simple moving average (SMA 50) of $0.0925 and a 200-day simple moving average (SMA200) of $0.68188.

The stock witnessed a -25.08% gain in the last 1 month and extending the period to 3 months gives it a -93.18%, and is 4.25% 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 17.59% over the week and 23.48% over the month.

Distance from 52-week low is 21.04% and -98.09% from its 52-week high.

Ocean Biomedical Inc (OCEA) Top Institutional Holders

26.0 institutions hold shares in Ocean Biomedical Inc (OCEA), with institutional investors hold 2.58% of the company’s shares. The shares outstanding are 166.01M, and float is at 139.09M with Short Float at 2.11%. Institutions hold 2.20% of the Float.

The top institutional shareholder in the company is POLAR ASSET MANAGEMENT PARTNERS INC. with over 2.69 million shares valued at $3.22 million. The investor’s holdings represent 9.7798% of the OCEA Shares outstanding. As of 2024-06-30, the second largest holder is MILLENNIUM MANAGEMENT LLC with 0.17 million shares valued at $0.21 million to account for 0.6117 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.14 million shares representing 0.5199% and valued at over $0.17 million, while VERITION FUND MANAGEMENT LLC holds 0.2116 of the shares totaling 58159.0 with a market value of $70954.0.