Market Insight: Ocean Biomedical Inc. (OCEA)’s Notable Gain, Closing at 1.74

Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.

In the latest session, Ocean Biomedical Inc. (NASDAQ: OCEA) closed at $1.74 up 11.54% from its previous closing price of $1.56. In other words, the price has increased by $11.54 from its previous closing price. On the day, 0.78 million shares were traded. OCEA stock price reached its highest trading level at $2.0293 during the session, while it also had its lowest trading level at $1.53.

Ratios:

For a deeper understanding of Ocean Biomedical Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.03 and its Current Ratio is at 0.03.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OCEA now has a Market Capitalization of 60289260 and an Enterprise Value of 77420344.

Stock Price History:

The Beta on a monthly basis for OCEA is 1.66, which has changed by -0.66213596 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, OCEA has reached a high of $12.08, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is -37.91%, while the 200-Day Moving Average is calculated to be -22.95%.

Shares Statistics:

For the past three months, OCEA has traded an average of 6.99M shares per day and 433270 over the past ten days. A total of 34.65M shares are outstanding, with a floating share count of 9.14M. Insiders hold about 73.62% of the company’s shares, while institutions hold 13.57% stake in the company. Shares short for OCEA as of 1714435200 were 698013 with a Short Ratio of 0.10, compared to 1711584000 on 936025. Therefore, it implies a Short% of Shares Outstanding of 698013 and a Short% of Float of 6.84.

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