Odyssey Marine Exploration, Inc. (OMEX) Stock: Is This Service Sector Stock Worth Your Investment?

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Odyssey Marine Exploration, Inc. (OMEX) is trending up in the market today. The stock, one that is focused on the service sector, is presently trading at $4.48 after gaining 6.16% so far today. In terms of service stocks, there are quite a few aspects that have the ability to cause movement in the market. News is one of the most common reasons for movement. Here are the recent trending headlines centered around OMEX:

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May-15-19 04:15PM Odyssey Marine Exploration Reports First Quarter 2019 Results
Apr-25-19 09:20AM Odyssey Marine Exploration Provides Update on Mexican Phosphate Project
Apr-15-19 09:01AM Odyssey Marine Exploration Expanding Mineral Asset Portfolio
08:59AM The Odyssey Marine Exploration (NASDAQ:OMEX) Share Price Has Gained 113%, So Why Not Pay It Some Attention?
Apr-01-19 04:30PM Odyssey Marine Exploration Reports Full Year 2018 Results and Updates Current Projects

Nonetheless, when making a decision to invest, prospective investors should focus on far more than news, this is especially the case in the ever incredibly complex service sector. Here’s what’s happening in regard to Odyssey Marine Exploration, Inc..

What We’ve Seen From OMEX

Although a single session gain, like the move that we’re seeing from Odyssey Marine Exploration, Inc. may cause fear in some investors, a single session move by itself shouldn’t be the reason for a decision to, or not to, invest in a company. It is generally smart to take a look at trends experienced by the stock for a period longer than a single trading session. As it relates to OMEX, below are the returns on investment that we have seen:

  • Past 5 Sessions – Throughout the past 5 trading sessions, OMEX has generated a change in price that amounts to 13.71%.
  • Monthly – The return from Odyssey Marine Exploration, Inc. throughout the past month works out to -9.49%.
  • Past 3 Months – Over the last 3 months, the stock has produced a ROI of -38.55%
  • Bi-Annually – In the past six months, investors have seen a change that equates to -5.68% from the stock.
  • Year To Date – Since the the last trading session of last year OMEX has resulted in a return of 34.53%.
  • Annually – Lastly, throughout the past year, investors have seen performance of -50.17% from OMEX. Throughout this period of time, the stock has sold at a high price of -54.59% and a low price of 41.77%.

Ratios Of Note

Digging into various key ratios associated with a company can provide traders a view of just how dangerous and/or potentially profitable a pick may be. Here are some of the most important ratios to think about when digging into OMEX.

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the level of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is going to head up. Across the sector, strong service sector stocks can come with a lower short ratio. On the other hand, we also see a lot of short squeezes in the space. Nonetheless, when it comes to Odyssey Marine Exploration, Inc., the stock’s short ratio is 46.99.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure whether or not a company can cover its debts when they come due based on quick assets or current assets. come with positive current and quick ratios. When it comes to OMEX, the quick and current ratios total up to 0.10 and 0.10 respectively.  

Book To Share Value – The book to share value compares the book value of assets owned by the company to the share price. In this case, that ratio works out to -2.50.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the price of the company’s stock. When it comes to OMEX, the cash to share value ratio is 0.14.

Smart Money Follows Big Money

An interesting fact I have learned in my short time alive, or somewhat alive is that smart investors tend to follow big money. That is to say, investors that want to play it relatively safe will pay close attention to investments made by institutional investors and those on the inside. So, is big money interested when it comes to OMEX? Here’s the information:

Institutions own 8.70% of the company. Institutional interest has moved by 2.44% over the past three months. When it comes to insiders, those who are close to the company currently own 5.10% percent of OMEX shares. Institutions have seen ownership changes of an accumulative 4.73% over the last three months.

How Analysts Feel About Odyssey Marine Exploration, Inc.

While it’s rarely a good idea to blindly follow the opinions of analysts, it is a smart idea to use their analysis in order to validate your own when it comes to making an investment decision in the service sector. Here are the recent moves that we have seen from analysts with regard to OMEX.

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Apr-13-16 Downgrade Craig Hallum Buy → Hold

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, OMEX has generated revenue in the amount of $-32.80% with earnings coming in at 17.80%. On a quarter over quarter basis, earnings have seen movement of 38.50% and revenue has seen movement of 60.00%.

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 8.68M shares of Odyssey Marine Exploration, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, OMEX has a float of 7.45M.

I also like to dig into the short percent. Think about it, when a high portion of the float available for trading is shorted, the overall opinion in the market is that the equity is going to take a dive. With regard to OMEX, the percentage of the float that is shorted currently sits at 21.32%. Most investors would say that a high short percent of the float is any percentage over 40%. However, I’ve seen that any short ratio over 26% is usually a risky play.

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