Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) -673.61% Away From High, Is Set For A Comeback?

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)’s traded shares stood at 1.18 million during the last session, with the company’s beta value hitting 0.11. At the close of trading, the stock’s price was $0.72, to imply a decrease of -5.31% or -$0.04 in intraday trading. The OMEX share’s 52-week high remains $5.57, putting it -673.61% down since that peak but still an impressive 37.5% since price per share fell to its 52-week low of $0.45. The company has a valuation of $14.81M, with an average of 7.99 million shares in intraday trading volume over the past 10 days and average of 6.98 million shares over the past 3 months.

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) trade information

After registering a -5.31% downside in the last session, Odyssey Marine Exploration, Inc. (OMEX) has traded red over the past five days. The 5-day price performance for the stock is -22.05%, and -81.88% over 30 days. With these gigs, the year-to-date price performance is -84.53%. Short interest in Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) saw shorts transact 1.64 million shares and set a 10.56 days time to cover.

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Odyssey Marine Exploration, Inc. (OMEX) estimates and forecasts

The rating firms project that company’s revenue will shrink -25.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 1M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 1M.Earnings reports from the last fiscal year show that sales brought in 1.33M and 1.33M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -25.10% before dropping -25.10% in the following quarter.

OMEX Dividends

Odyssey Marine Exploration, Inc. has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Odyssey Marine Exploration, Inc. (NASDAQ:OMEX)’s Major holders

Odyssey Marine Exploration, Inc. insiders hold 3.68% of total outstanding shares, with institutional holders owning 41.20% of the shares at 42.77% float percentage. In total, 41.20% institutions holds shares in the company, led by FOURWORLD CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 3.03 million shares (or 14.8328% of shares), all amounting to roughly $14.79 million.

The next major institution holding the largest number of shares is TWO SEAS CAPITAL LP with 1.15 million shares, or about 5.6334% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $5.62 million.