Ocean Biomedical, Inc.

Ocean Biomedical, Inc.verified

OCEA

Price:

$0.98

Market Cap:

$33.96M

Ocean Biomedical, Inc., a biopharmaceutical company, focuses on discovering and developing therapeutic products in oncology, fibrosis, infectious diseases, and inflammation. The company is developing mono-specific and bi-specific humanized monoclonal antibodies (mAb) product candidates targeting Chi3l1 for the treatment of non-small cell lung cancer and glioblastoma multiforme; and a small molecule product candidate targeting Chit1 for the treatment of Idiopathic Pulmonary Fibrosis and Hermansky-Pudlak Syndrome. It is also developing three product candidates based on the WPDS platform, including a malaria vaccine candidate; a humanized mAb malaria therapeutic candidate targeting Plasmodium f...[Read more]

Industry

Biotechnology

IPO Date

2021-11-08

Stock Exchange

NASDAQ

Ticker

OCEA

The Current Ratio as of September 2024 (TTM) for Ocean Biomedical, Inc. (OCEA) is 0.03

According to Ocean Biomedical, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.03. This represents a change of -49.09% compared to the average of 0.07 of the last 4 quarters.

Ocean Biomedical, Inc. (OCEA) Historical Current Ratio (quarterly & annually)

How has OCEA Current Ratio performed in the past?

The mean historical Current Ratio of Ocean Biomedical, Inc. over the last ten years is 0.08. The current 0.03 Current Ratio has changed 4.12% with respect to the historical average. Over the past ten years (40 quarters), OCEA's Current Ratio was at its highest in in the March 2022 quarter at 11.69. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

0.08

Median

0.07

Minimum

0

Maximum

0.17

Ocean Biomedical, Inc. (OCEA) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ocean Biomedical, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 0.17

Minimum Annual Increase = -93.11%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.141.05%
20210.01-93.11%
20200.17Infinity%

Ocean Biomedical, Inc. (OCEA) Average Current Ratio

How has OCEA Current Ratio performed in the past?

The current Current Ratio of Ocean Biomedical, Inc. (OCEA) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.11

5-year avg

0.08

10-year avg

0.08

Ocean Biomedical, Inc. (OCEA) Current Ratio vs. Peers

How is OCEA’s Current Ratio compared to its peers?

Ocean Biomedical, Inc.’s Current Ratio is less than Enveric Biosciences, Inc. (7.37), less than Hepion Pharmaceuticals, Inc. (5.62), less than Elevation Oncology, Inc. (41.10), less than AVROBIO, Inc. (26.17), less than CohBar, Inc. (4.16), less than Zura Bio Limited (12.57), less than eFFECTOR Therapeutics, Inc. (1.03),

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