Odyssey Marine Exploration (OMEX) AI Stock Analysis

418 Followers

Odyssey Marine Exploration

(NASDAQ:OMEX)

Select Model

Rating:41.65Neutral

Price Target:$11.00▲(7.42% Upside)

Action:reiterated

Date:11/05/26

The score is driven primarily by very weak financial performance (large recent losses, negative equity, and significant cash burn). Technicals add pressure with a clear downtrend, partially tempered by near-oversold momentum readings. Valuation offers limited support due to negative earnings, while the merger/reverse-split event is a modest offset but adds uncertainty.

Positive Factors

Revenue ExpansionThe sharp TTM revenue increase indicates that Odyssey has recently expanded its commercial activity and project scale. Although the comparison base was small and profitability remains weak, greater revenue volume could improve operating leverage and support future resource-development efforts if sustained.

Negative Factors

Distressed Balance SheetPersistently negative equity and sharply higher TTM debt indicate materially constrained financial flexibility. This capital structure raises solvency and refinancing risk, limits the company’s ability to fund exploration internally, and can make future growth increasingly dependent on external capital.

Odyssey Marine Exploration (OMEX) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $24.04M
Dividend Yield: ―
Average Volume (3M): 15.14K
Price to Earnings (P/E): -0.7
Beta (1Y): 3.10
Revenue Growth: -50.33%
EPS Growth: 36.12%
Country: US
Employees: 12
Sector: Basic Materials
Sector Strength: 61
Industry: Industrial Materials

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 dep...

Odyssey Marine Exploration Financial Statement Overview

Summary

Overall financial quality is very weak: TTM shows negative gross profit, an extremely large net loss, deeply negative stockholders’ equity, and sharply negative operating cash flow/free cash flow. While revenue surged and EBITDA margin is positive in TTM, the magnitude of recent losses and balance-sheet distress dominate the risk profile.

Income Statement

12Very Negative

Balance Sheet

5Very Negative

Cash Flow

7Very Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Dec 2023	Dec 2022	Mar 2022
Income Statement
Total Revenue	232.01K	353.72K	768.68K	803.80K	1.33M	921.24K
Gross Profit	-1.88M	-2.53M	-2.34M	-3.49M	-8.43M	-8.63M
EBITDA	-29.37M	-43.46M	12.97M	1.58M	-27.27M	-5.14M
Net Income	-31.01M	-43.09M	15.66M	5.35M	-22.08M	-9.96M
Balance Sheet
Total Assets	11.57M	15.84M	18.49M	22.75M	13.87M	8.91M
Cash, Cash Equivalents and Short-Term Investments	1.14M	3.52M	4.79M	4.02M	1.44M	2.27M
Total Debt	15.01M	5.00M	22.94M	23.45M	22.71M	42.36M
Total Liabilities	95.93M	91.38M	97.58M	108.66M	102.55M	71.40M
Stockholders Equity	-46.21M	-37.65M	-16.24M	-32.48M	-44.48M	-26.03M
Cash Flow
Free Cash Flow	-17.33M	-8.87M	557.99K	-11.52M	-11.69M	-5.44M
Operating Cash Flow	-17.32M	-8.85M	642.34K	-10.17M	-10.21M	-5.43M
Investing Cash Flow	-14.51K	-173.61K	-84.35K	-1.03M	-2.48M	322.99K
Financing Cash Flow	12.66M	7.75M	212.03K	13.78M	11.86M	1.21M

Odyssey Marine Exploration Technical Analysis

Technical Analysis SentimentNegative

Last Price10.24

Price Trends

50DMA15.87Negative

100DMA17.78Negative

200DMA24.40Negative

Market Momentum

MACD-1.64Positive

RSI26.62Positive

STOCH21.18Neutral

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 10.24 is below the 20-day moving average (MA) of 12.79, below the 50-day MA of 15.87, and below the 200-day MA of 24.40, indicating a bearish trend. The MACD of -1.64 indicates Positive momentum. The RSI at 26.62 is Positive, neither overbought nor oversold. The STOCH value of 21.18 is Neutral, 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

3 New Risks

1.Our stockholders will have a reduced ownership and voting interest after the Merger and will exercise less influence over management.Q2, 2026

2.The Merger Agreement limits our ability to pursue alternatives to the Merger.Q2, 2026

3.We and AOM will incur significant transaction and Merger-related transition costs in connection with the Merger.Q2, 2026

Odyssey Marine Exploration Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

OMEX against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CASS	70Outperform	$710.79M	18.59	15.98%	2.31%	3.91%	24.97%
Sector *	61Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CVEO	56Neutral	$365.30M	-56.78	-4.76%	―	12.61%	69.81%
ACTG	53Neutral	$406.97M	-14.05	-3.36%	―	-3.72%	-452.20%
OMEX	42Neutral	$24.20M	-0.66	78.32%	―	-50.33%	36.12%
SST	41Neutral	$18.15M	-0.15	-1180.76%	―	-42.93%	-17.25%
PMEC	38Underperform	$12.69M	-5.17	-17.43%	―	4.92%	-22.39%

* Basic Materials Sector Average

Performance Comparison

OMEX and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
OMEX	Odyssey Marine Exploration	10.24	-36.76	-78.21%
ACTG	Acacia Research Corp.	4.14	0.49	13.42%
CASS	Cass Information	55.40	14.87	36.67%
CVEO	Civeo Corp.	35.77	13.67	61.86%
SST	System1 Inc.	1.70	-1.96	-53.55%
PMEC	Primech Holdings Ltd.	0.33	-0.51	-60.95%

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 Minerals Corporation....

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 indicates...

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.

Date of analysis: Nov 05, 2026

Odyssey Marine Exploration AI Stock Analysis