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Odyssey Marine Exploration
(NASDAQ:OMEX)
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Rating:41Neutral
Price Target:
$0.48
▼(-46.22% Downside)
Action:Reiterated
Date:10/20/26
The score is driven primarily by very weak financial performance (shrinking revenue, large losses, negative equity, and severe TTM cash burn). Bearish technicals reinforce downside risk, while valuation is not meaningfully supportive due to negative earnings and no dividend. Corporate events add mixed signals, with delisting pressure partially mitigated by a planned reverse split and merger progress.
Positive Factors
Offshore exploration capabilities
Specialized subsea survey, remote-sensing, and oceanographic capabilities provide a defined technical base for evaluating seafloor mineral resources. These capabilities can support multiple exploration and development opportunities over time, although commercial success depends on converting discoveries into viable projects.
Negative Factors
Negative shareholder equity
Persistent negative equity signals a severely weakened capital structure and limits financial flexibility. It can make favorable financing more difficult, increase reliance on dilution or refinancing, and reduce the company’s ability to absorb setbacks while funding exploration and development activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Offshore exploration capabilities
Specialized subsea survey, remote-sensing, and oceanographic capabilities provide a defined technical base for evaluating seafloor mineral resources. These capabilities can support multiple exploration and development opportunities over time, although commercial success depends on converting discoveries into viable projects.
Read all positive factors
Odyssey Marine Exploration (OMEX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.58M
Dividend YieldN/A
Average Volume (3M)290.28K
Price to Earnings (P/E)―
Beta (1Y)2.93
Revenue Growth-70.31%
EPS Growth-348.06%
CountryUS
Employees12
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding58,691,387
10 Day Avg. Volume354,422
30 Day Avg. Volume290,278
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-2.04
Price to Sales (P/S)217.52
P/FCF Ratio-8.68
Enterprise Value/Market Cap0.61
Enterprise Value/Revenue104.42
Enterprise Value/Gross Profit-7.00
Enterprise Value/Ebitda-0.52
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Odyssey Marine Exploration Business Overview & Revenue Model
Company Description
Odyssey Marine Exploration, Inc., together with its subsidiaries, discovers, validates, and develops seafloor mineral resources. The company explores for polymetallic nodules for battery metals, subsea phosphate deposits for fertilizers, and gold ...
Odyssey Marine Exploration Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
3
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 184.07K | 353.72K | 768.68K | 803.80K | 1.33M | 921.24K |
| Gross Profit | -2.75M | -2.53M | -2.34M | -3.49M | -8.43M | -8.63M |
| EBITDA | -37.20M | -43.46M | 12.97M | 1.58M | -27.27M | -5.14M |
| Net Income | -39.44M | -43.09M | 15.66M | 5.35M | -22.08M | -9.96M |
Balance Sheet | ||||||
| Total Assets | 13.24M | 15.84M | 18.49M | 22.75M | 13.87M | 8.91M |
| Cash, Cash Equivalents and Short-Term Investments | 2.35M | 3.52M | 4.79M | 4.02M | 1.44M | 2.27M |
| Total Debt | 9.78M | 5.00M | 22.94M | 23.45M | 22.71M | 42.36M |
| Total Liabilities | 93.16M | 91.38M | 97.58M | 108.66M | 102.55M | 71.40M |
| Stockholders Equity | -41.74M | -37.65M | -16.24M | -32.48M | -44.48M | -26.03M |
Cash Flow | ||||||
| Free Cash Flow | -4.68B | -8.87M | 557.99K | -11.52M | -11.69M | -5.44M |
| Operating Cash Flow | -4.68B | -8.85M | 642.34K | -10.17M | -10.21M | -5.43M |
| Investing Cash Flow | -173.61K | -173.61K | -84.35K | -1.03M | -2.48M | 322.99K |
| Financing Cash Flow | 4.92B | 7.75M | 212.03K | 13.78M | 11.86M | 1.21M |
Odyssey Marine Exploration Technical Analysis
Negative
0.90
Price Trends
0.73
Negative
0.76
Negative
1.07
Negative
Market Momentum
-0.05
Positive
30.85
Neutral
15.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OMEX, the sentiment is Negative. The current price of 0.9 is above the 20-day moving average (MA) of 0.63, above the 50-day MA of 0.73, and below the 200-day MA of 1.07, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 30.85 is Neutral, neither overbought nor oversold. The STOCH value of 15.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for OMEX.
Odyssey Marine Exploration Risk Analysis
Odyssey Marine Exploration disclosed 38 risk factors in its most recent earnings report. Odyssey Marine Exploration reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Odyssey Marine Exploration Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $697.29M | 18.27 | 15.98% | 2.35% | 2.08% | 24.97% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $419.62M | -16.36 | -2.81% | 7.45% | 12.33% | -160.91% | |
53 Neutral | $314.76M | -26.10 | -7.82% | 3.75% | 8.01% | 51.71% | |
41 Neutral | $31.58M | -0.63 | 100.12% | ― | -70.31% | -348.06% | |
41 Neutral | $19.09M | -0.16 | -1180.76% | 0.32% | -42.93% | -17.25% | |
41 Neutral | $14.13M | -5.80 | -17.43% | ― | 4.92% | -22.39% |
* Basic Materials Sector Average
OMEX
Odyssey Marine Exploration
0.54
-1.86
-77.58%
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4.30
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25.73%
CASS
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CVEO
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33.79%
SST
System1
1.82
-3.97
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PMEC
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0.37
-1.51
-80.48%
Odyssey Marine Exploration Corporate Events
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsRegulatory Filings and ComplianceShareholder MeetingsStock Split
Odyssey Marine Details Reverse Split Ahead of Merger
Positive
Oct 16, 2026
On October 15, 2026, Odyssey’s board adopted, subject to shareholder approval, a 2026 Equity Incentive Plan and the SEC declared effective the company’s Form S-4 registration statement for its proposed merger with American Ocean Minera...
Private Placements and FinancingRegulatory Filings and Compliance
Odyssey Marine Highlights New Direct Financial Obligations Agreement
Neutral
Sep 14, 2026
Odyssey Marine Exploration disclosed that information previously provided under Item 1.01, relating to its entry into a material definitive agreement, is formally incorporated by reference into Item 2.03 of its filing. This procedural move indicat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.