Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a gain of 31.83%.However, over the last six months, we can see a stronger performance of -31.23%. Over the last 30 days, the price of OCEA has fallen by 5.56%. And in the last five days, it has surged by 29.72%.
The market performance of Ocean Biomedical Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $7.79 on 03/05/24, with the lowest value for the same timeframe being $0.46, recorded on 12/20/24.
52-week price history of OCEA Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Ocean Biomedical Inc’s current trading price is -90.64% away from its 52-week high, while its distance from the 52-week low is 58.37%. The stock’s price range over this timeframe has been between $0.46 and $7.79. The shares of the Healthcare sector company recorded a trading volume of approximately 0.52 million for the day, which was comparatively higher than the average daily volume of 0.21 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Ocean Biomedical Inc (OCEA) has experienced a quarterly decline of -20.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 31.15M and boasts a workforce of 7 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8596, with a change in price of -0.3597. Similarly, Ocean Biomedical Inc recorded 157,754 in trading volume during the last 100 days, posting a change of -33.04%.
OCEA Stock Stochastic Average
The raw stochastic average for Ocean Biomedical Inc over the last 50 days is presently at 49.80%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 92.43%. Further, the company’s Stochastic %K and %D values for the last 20 days were 59.04% and 46.36%, respectively.
