Ocean Bio-Chem Inc. (OBCI): Get Prepared for Trading Lift Off – Invest Chronicle

Ocean Bio-Chem Inc. (OBCI): Get Prepared for Trading Lift Off

Let’s start up with the current stock price of Ocean Bio-Chem Inc. (OBCI), which is $12.86 to be very precise. The Stock rose vividly during the last session to $13.00 after opening rate of $12.80 while the lowest price it went was recorded $12.80 before closing at $5.92.Recently in News on June 22, 2022, OneWater Marine Inc. Signs Definitive Agreement to Acquire Ocean Bio-Chem, Inc. Expected to significantly advance growth of parts and accessories business. You can read further details here

Ocean Bio-Chem Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $13.00 on 06/22/22, with the lowest value was $5.90 for the same time period, recorded on 06/17/22.

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Ocean Bio-Chem Inc. (OBCI) full year performance was 12.02%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Ocean Bio-Chem Inc. shares are logging -4.03% during the 52-week period from high price, and 117.97% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $5.90 and $13.40.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 659385 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Ocean Bio-Chem Inc. (OBCI) recorded performance in the market was 47.82%, having the revenues showcasing 46.30% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 122.68M, as it employees total of 195 workers.

Specialists analysis on Ocean Bio-Chem Inc. (OBCI)

During the last month, 0 analysts gave the Ocean Bio-Chem Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 8.09, with a change in the price was noted +4.25. In a similar fashion, Ocean Bio-Chem Inc. posted a movement of +49.36% for the period of last 100 days, recording 15,406 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for OBCI is recording 0.17 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.15.

Trends and Technical analysis: Ocean Bio-Chem Inc. (OBCI)

Raw Stochastic average of Ocean Bio-Chem Inc. in the period of last 50 days is set at 98.03%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 98.03%. In the last 20 days, the company’s Stochastic %K was 36.54% and its Stochastic %D was recorded 17.75%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 47.82%. Additionally, trading for the stock in the period of the last six months notably improved by 55.13%, alongside a boost of 12.02% for the period of the last 12 months. The shares increased approximately by 100.94% in the 7-day charts and went up by 85.57% in the period of the last 30 days. Common stock shares were driven by 46.30% during last recorded quarter.

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