Odyssey Marine Exploration, Inc (NASDAQ: OMEX) Stock: Does It Have More Upside?

In the last trading session, 7.05 million shares of the Odyssey Marine Exploration, Inc (NASDAQ:OMEX) were traded, and its beta was 0.14. Most recently the company’s share price was $0.63, and it changed around $0.15 or 30.61% from the last close, which brings the market valuation of the company to $17.82M. OMEX currently trades at a discount to its 52-week high of $5.57, offering almost -784.13% off that amount. The share price’s 52-week low was $0.30, which indicates that the current value has risen by an impressive 52.38% since then. We note from Odyssey Marine Exploration, Inc’s average daily trading volume that its 10-day average is 3.07 million shares, with the 3-month average coming to 2.15 million.

Odyssey Marine Exploration, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended OMEX as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Odyssey Marine Exploration, Inc is expected to report earnings per share of 0 for the current quarter.

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

Instantly OMEX has showed a green trend with a performance of 30.61% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.6900 on recent trading dayincreased the stock’s daily price by 8.7%. The company’s shares are currently down -86.50% year-to-date, but still up 74.09% over the last five days. On the other hand, Odyssey Marine Exploration, Inc (NASDAQ:OMEX) is 68.71% up in the 30-day period. We can see from the shorts that 1.5 million shares have been sold at a short interest cover period of 1.97 day(s).

OMEX Dividends

Odyssey Marine Exploration, Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 3.74% of Odyssey Marine Exploration, Inc shares, and 38.23% of them are in the hands of institutional investors. The stock currently has a share float of 39.72%. Odyssey Marine Exploration, Inc stock is held by 49.0 institutions, with FOURWORLD CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 14.8328% of the shares, which is about 3.03 million shares worth $14.79 million.

TWO SEAS CAPITAL LP, with 5.6334% or 1.15 million shares worth $5.62 million as of 2024-06-30, holds the second largest percentage of outstanding shares.