Odyssey Story

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OMEX -- USA Stock  

USD 7.08  0.08  1.12%

In general, we focus on analyzing Odyssey (NASDAQ:OMEX) price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Odyssey Marine Exploration daily price indicators and compare them against related drivers. While some planning is required to successfully invest in stocks, sometimes taking bold action is just as important. Let's try to break down why this may be the case with Odyssey Marine. We will evaluate why we are still confident in anticipation of a recovery.
Published over a month ago
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Is Odyssey Marine (NASDAQ:OMEX) gaining more confidence from investors?
This firm's average rating is Hold from 1 analysts. We provide trade recommendations to complement the recent expert consensus on Odyssey Marine Explo. Our dynamic recommendation engine exercises a multidimensional algorithm to analyze the firm's potential to grow using all technical and fundamental data available at the time.
The successful prediction of Odyssey Marine stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Odyssey Marine Exploration, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Odyssey Marine based on Odyssey Marine hews, social hype, general headline patterns, and widely used predictive technical indicators. We also calculate exposure to Odyssey Marine's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Odyssey Marine's related companies.

Use Technical Analysis to project Odyssey expected Price

Odyssey Marine technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Odyssey Marine technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Odyssey Marine trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How Odyssey utilizes its cash?

To perform a cash flow analysis of Odyssey Marine, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Odyssey Marine is receiving and how much cash it distributes out in a given period. The Odyssey Marine cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities. Odyssey Marine Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Odyssey Marine reported Net Cash Flow from Operations of (5.44 Million) in 2019

Odyssey Marine exotic insider transaction detected

Legal trades by Odyssey Marine insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Odyssey insider trading alert for general transaction of common stock by Mark Justh, the corporate stakeholder, on 1st of September 2020. This event was filed by Odyssey Marine Exploratio with SEC on 2020-09-01. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Another Deeper Perspective

The current price rise of Odyssey Marine Explo may encourage investors to take a closer look at the company as it closed today at a share price of 5.18 on very low momentum in trading volume. The company directors and management may have good odds in positioning the company resources to exploit market volatility in September. The stock standard deviation of daily returns for 30 days investing horizon is currently 3.98. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from Odyssey Marine partners.
 2019 2020 (projected)
Receivables421.59 K432.69 K
Inventories607.49 K519.77 K

Deferred Revenue Breakdown

Odyssey Marine Deferred Revenue yearly trend continues to be fairly stable with very little volatility. Deferred Revenue is likely to outpace its year average in 2020. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Odyssey Marine Deferred Revenue is fairly stable at the moment as compared to the past year. Odyssey Marine reported Deferred Revenue of 3.82 Million in 2019
20102.14 Million
201111.95 Million
20127.48 Million
20136.48 Million
20144.64 Million
20155.03 Million
20193.82 Million
20204.2 Million

Odyssey Marine is getting off balance

The coefficient of variation is down to 947.99 as of today. Odyssey Marine Exploration currently demonstrates below-verage downside deviation. It has Information Ratio of 0.05 and Jensen Alpha of 0.38. However, we do advice investors to further question Odyssey Marine Exploration expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.

Our Conclusion on Odyssey Marine

While many of the other players in the specialty business services industry are either recovering or due for a correction, Odyssey Marine may not be performing as strong as the other in terms of long-term growth potentials. With a less-than optimistic outlook for your 30 days horizon, it may be a good time to exit some or all of your Odyssey Marine holdings as it seems the potential growth was already fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Odyssey Marine.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Ellen Johnson do not own shares of Odyssey Marine Exploration. Please refer to our Terms of Use for any information regarding our disclosure principles.

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