Ocean Biomedical, Inc. (OCEA)
NASDAQ: OCEA · IEX Real-Time Price · USD
1.430
+0.030 (2.14%)
May 1, 2024, 9:44 AM EDT - Market open
Ocean Biomedical Stock Forecast
OCEA's stock price has decreased by -78.49% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Ocean Biomedical stock have an average target of 18, with a low estimate of 17 and a high estimate of 20. The average target predicts an increase of 1,158.74% from the current stock price of 1.43.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 31, 2023.
Analyst Ratings
The average analyst rating for OCEA stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '23 | May '23 |
|---|---|---|
| Strong Buy | 2 | 2 |
| Buy | 0 | 1 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
| Total | 2 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Taglich Brothers | Taglich Brothers | Buy Initiates $20 | Buy | Initiates | $20 | +1,298.60% | May 31, 2023 |
| EF Hutton | EF Hutton | Strong Buy Initiates $17 | Strong Buy | Initiates | $17 | +1,088.81% | May 25, 2023 |
| EF Hutton | EF Hutton | Strong Buy Maintains $10 → $17 | Strong Buy | Maintains | $10 → $17 | +1,088.81% | Apr 27, 2023 |
| EF Hutton | EF Hutton | Strong Buy Reiterates $10 | Strong Buy | Reiterates | $10 | +599.30% | Apr 13, 2023 |
| Fundamental Research Corp. | Fundamental Research Corp. | Strong Buy Initiates $16 | Strong Buy | Initiates | $16 | +1,046.85% | Mar 16, 2023 |
Financial Forecast
Revenue This Year
n/a
Revenue Next Year
n/a
EPS This Year
-3.14
from -0.99
EPS Next Year
-0.91
from -3.14
Revenue Forecast
| Revenue | 2023 | 2024 |
|---|---|---|
| High | n/a | n/a |
| Avg | n/a | n/a |
| Low | n/a | n/a |
Revenue Growth
| Revenue Growth | 2023 | 2024 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
EPS Forecast
| EPS | 2023 | 2024 |
|---|---|---|
| High | -3.23 | -0.93 |
| Avg | -3.14 | -0.91 |
| Low | -3.02 | -0.87 |
EPS Growth
| EPS Growth | 2023 | 2024 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.