Ocean Biomedical Inc (NASDAQ: OCEA) is -92.77% lower on its value in year-to-date trading and has touched a low of $0.04 and a high of $2.09 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 loss setting it 0.0%.
Currently trading at $0.04, the stock is -23.17% and -51.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.2 million and changing -3.61% at the moment leaves the stock -93.92% off its SMA200. OCEA registered -97.76% loss for a year compared to 6-month loss of -95.96%. The firm has a 50-day simple moving average (SMA 50) of $0.08342 and a 200-day simple moving average (SMA200) of $0.658325.
The stock witnessed a -35.90% gain in the last 1 month and extending the period to 3 months gives it a -92.59%, and is -8.05% down 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 10.81% over the week and 22.61% over the month.
Distance from 52-week low is 8.11% and -98.09% from its 52-week high.
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Ocean Biomedical Inc (OCEA) Top Institutional Holders
27.0 institutions hold shares in Ocean Biomedical Inc (OCEA), with institutional investors hold 2.63% 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 2.25% 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 VANGUARD GROUP INC with 0.41 million shares valued at $0.5 million to account for 1.479 of the shares outstanding. The other top investors are MILLENNIUM MANAGEMENT LLC which holds 0.17 million shares representing 0.6117% and valued at over $0.21 million, while GEODE CAPITAL MANAGEMENT, LLC holds 0.5199 of the shares totaling 0.14 million with a market value of $0.17 million.
Ocean Biomedical Inc (OCEA) Insider Activity
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