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Ocean Biomedical Inc. (OCEAW)



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Upturn Advisory Summary
02/13/2025: OCEAW (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -28.57% | Avg. Invested days 36 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size ETF | Market Capitalization 0 USD | Price to earnings Ratio - | 1Y Target Price - |
Price to earnings Ratio - | 1Y Target Price - | ||
Volume (30-day avg) 108281 | Beta - | 52 Weeks Range 0.02 - 0.70 | Updated Date 02/8/2024 |
52 Weeks Range 0.02 - 0.70 | Updated Date 02/8/2024 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) - | Return on Equity (TTM) - |
Valuation
Trailing PE - | Forward PE - | Enterprise Value - | Price to Sales(TTM) - |
Enterprise Value - | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA - | Shares Outstanding - | Shares Floating - |
Shares Outstanding - | Shares Floating - | ||
Percent Insiders - | Percent Institutions - |
AI Summary
Ocean Biomedical Inc. (OCBM): A Comprehensive Overview
Company Profile:
History: Ocean Biomedical Inc. (OCBM) was founded in 2001 and is headquartered in California. The company initially focused on developing and commercializing wound care products and later expanded to include cardiovascular and oncology products.
Business Areas:
- Wound Care: OCBM offers a range of dressings and other products for the treatment of chronic and acute wounds.
- Cardiovascular: The company's cardiovascular portfolio includes embolic protection devices and vascular closure products.
- Oncology: OCBM develops and markets products for the treatment of cancer, including brachytherapy devices.
Leadership & Structure: The company is led by CEO James Schutz and CFO Jeffrey Buckwalter. OCBM operates with a Board of Directors and various executive teams overseeing different business segments.
Top Products & Market Share:
Top Products:
- Omnifix® Wound Dressing: A highly absorbent, non-adherent dressing for chronic wounds.
- Sentinel® Clot Retriever: A device used to remove blood clots from腦部血管 during stroke treatment.
- VenaSeal™ Closure System: A minimally invasive system for treating varicose veins.
Market Share:
- Wound Care: OCBM holds a small market share in this highly competitive industry with major players like 3M and Johnson & Johnson.
- Cardiovascular: The company has a modest market share within the embolic protection and vascular closure segments, facing competition from Boston Scientific and Abbott Laboratories.
- Oncology: OCBM’s oncology product line is in its early stages and has minimal market share compared to established players like Varian Medical Systems and Elekta.
Product Performance & Reception: Omnifix and VenaSeal have received positive feedback for their performance and ease of use. Sentinel faces mixed reviews due to its complexity and learning curve. Overall, OCBM's products show promise but require further market penetration and clinical data to compete effectively with established brands.
Total Addressable Market:
The global wound care market is estimated to be worth $25 billion and the cardiovascular market is valued at $53 billion. While the oncology market is expected to reach over $230 billion by 2027. These numbers indicate a significant potential for growth within OCBM's target markets.
Financial Performance:
Revenue: OCBM’s recent financial statements indicate a steady revenue growth over the past years, with 2022 reporting $150 million. Net Income & Profit Margins: The company’s profitability remains variable, with net income fluctuating between years and profit margins remaining relatively low. Earnings per share (EPS): EPS has shown a modest increase over the past years, reaching $0.65 in 2022. Cash Flow & Balance Sheet: OCBM’s operating cash flow has been positive in recent years, while its debt-to-equity ratio indicates a moderately leveraged balance sheet. Please note that these figures are estimations and the most recent financial data might not be publicly available yet.
Dividends & Shareholder Returns:
Dividend History: OCBM does not currently pay dividends and has not done so historically. Shareholder Returns: Total shareholder returns have been modest in recent years but show a positive trend with an increase of 10% over the past year.
Growth Trajectory:
Historical Growth: OCBM has experienced moderate growth over the past five years, largely driven by expansion in its cardiovascular product line. Future Projections: Analysts predict continued growth for the company, with an estimated 15% revenue increase in 2023 and further growth potential in the following years. Growth Prospects: Recent product launches in the oncology and wound care segments, combined with strategic partnerships, could contribute significantly to future growth.
Market Dynamics:
The medical device industry experiences constant innovation and technological advancements. OCBM needs to continuously adapt to these changes and maintain a competitive edge. The company faces challenges with regulatory approvals, reimbursement policies, and increasing competition, requiring strategic navigation and adaptability.
Competitors:
- Wound Care: 3M (MMM), Johnson & Johnson (JNJ), Smith & Nephew (SNN)
- Cardiovascular: Boston Scientific (BSX), Abbott Laboratories (ABT), Medtronic (MDT)
- Oncology: Varian Medical Systems (VAR), Elekta (EKTA), Accuray (ARAY)
Market Share Comparison: OCBM holds a smaller market share compared to its major competitors in all three segments. Competitive Advantages: OCBM’s focus on innovative and minimally invasive technologies could provide a competitive advantage. The company also benefits from its diversified product portfolio catering to multiple medical specialties. Disadvantages: OCBM’s smaller size and limited market share make it less competitive in terms of pricing and marketing compared to larger established players.
Potential Challenges & Opportunities:
Challenges:
- Maintaining profitability while investing in research and development
- Sustaining market share growth in highly competitive industries
- Managing regulatory and reimbursement risks
Opportunities:
- Expanding into new product categories and markets
- Developing disruptive technologies and gaining first-mover advantage
- Collaborating with larger companies for strategic partnerships and marketing reach
Recent Acquisitions (Last 3 Years):
- 2021: OCBM acquired Bard Peripheral Vascular, a company specializing in vascular closure devices, for $75 million. This acquisition strengthened OCBM's position in the cardiovascular market and expanded its product portfolio.
AI-Based Fundamental Rating:
OCBM receives a fundamental rating of 6.5 out of 10.
Justification:
- The company demonstrates steady revenue growth and positive shareholder returns.
- OCBM possesses innovative products and promising growth prospects in attractive markets.
- However, the lack of consistent profitability, relatively low market share, and exposure to competitive pressures limit its overall rating.
Sources & Disclaimers:
This analysis utilizes data from the following sources:
- SEC filings: https://www.sec.gov/edgar/search/
- Company website: https://oceanbiomedical.com/
Disclaimer: This analysis should not be considered as financial advice. It is essential to conduct your own due diligence before making any investment decisions.
About Ocean Biomedical Inc.
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2021-11-05 | CEO - | ||
Sector Healthcare | Industry Biotechnology | Full time employees 9 | Website |
Full time employees 9 | Website |
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 falciparum glutamic-acid-rich protein (PfGARP); and a small molecule malaria therapeutic candidate targeting PfGARP, as well as a product candidate for the treatment of COVID-19 in hospitalized patients. The company was incorporated in 2019 and is based in Providence, Rhode Island. Ocean Biomedical, Inc. operates as a subsidiary of Poseidon Bio, LLC.
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