Odyssey Marine Exploration (OMEX)
NASDAQ:OMEX
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Odyssey Marine Exploration
(NASDAQ:OMEX)
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Rating:44Neutral
Price Target:
$1.00
▼(-56.52% Downside)
Action:Reiterated
Date:05/14/26
The score is held down primarily by severely distressed financial performance (negative gross profit, recurring cash burn, and negative equity). Technicals are neutral with only modest momentum, while valuation metrics appear unreliable due to volatile profitability and no dividend support. Positive corporate developments around the proposed merger provide some offset but remain contingent on closing and execution.
Positive Factors
Pro forma capitalization from merger
The announced all-stock merger is accompanied by $230M+ in equity commitments and an expected ~$175M cash balance at close, which structurally reduces near-term funding pressure for capital‑intensive seabed exploration and development, improving project funding optionality and execution runway if the transaction completes.
Negative Factors
Negative equity and solvency risk
Persistent negative shareholders’ equity that deteriorated in the trailing twelve months signals structural balance‑sheet distress. This reduces borrowing capacity, increases reliance on dilutive capital raises or asset carve‑outs, and materially limits financial flexibility for multi‑year, capital‑intensive mineral development.
Read all positive and negative factors
Positive Factors
Negative Factors
Pro forma capitalization from merger
The announced all-stock merger is accompanied by $230M+ in equity commitments and an expected ~$175M cash balance at close, which structurally reduces near-term funding pressure for capital‑intensive seabed exploration and development, improving project funding optionality and execution runway if the transaction completes.
Read all positive factors
Odyssey Marine Exploration (OMEX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$63.26M
Dividend YieldN/A
Average Volume (3M)3.40M
Price to Earnings (P/E)33.5
Beta (1Y)2.43
Revenue Growth-65.57%
EPS Growth-254.11%
CountryUS
Employees11
SectorBasic Materials
Sector Strength58
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-1.17
Shares Outstanding58,574,116
10 Day Avg. Volume6,278,687
30 Day Avg. Volume3,396,252
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 Cap0.58
Enterprise Value/Revenue150.89
Enterprise Value/Gross Profit-13.43
Enterprise Value/Ebitda-2.07
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 resources worldwide. The company provides specialized mineral exploration, project development, and marine services to clients. It also o...
How the Company Makes Money
Odyssey Marine Exploration’s revenues, when generated, have primarily been tied to (1) earning fees and/or milestone payments for providing marine services (e.g., survey, search, project support, and related technical services) and (2) participati...
Odyssey Marine Exploration Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
15
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 353.72K | 768.68K | 803.80K | 1.33M | 921.24K |
| Gross Profit | -2.53M | -2.34M | -3.49M | -8.43M | -8.63M |
| EBITDA | -13.36M | 12.97M | 1.58M | -27.27M | -5.14M |
| Net Income | -43.09M | 15.66M | 5.35M | -22.08M | -9.96M |
Balance Sheet | |||||
| Total Assets | 15.84M | 18.49M | 22.75M | 13.87M | 8.91M |
| Cash, Cash Equivalents and Short-Term Investments | 3.52M | 4.79M | 4.02M | 1.44M | 2.27M |
| Total Debt | 5.00M | 22.94M | 23.45M | 22.71M | 42.36M |
| Total Liabilities | 91.38M | 97.58M | 108.66M | 102.55M | 71.40M |
| Stockholders Equity | -37.65M | -16.24M | -32.48M | -44.48M | -26.03M |
Cash Flow | |||||
| Free Cash Flow | -8.87M | 557.99K | -11.52M | -11.69M | -5.44M |
| Operating Cash Flow | -8.85M | 642.34K | -10.17M | -10.21M | -5.43M |
| Investing Cash Flow | -173.61K | -84.35K | -1.03M | -2.48M | 322.99K |
| Financing Cash Flow | 7.75M | 212.03K | 13.78M | 11.86M | 1.21M |
Odyssey Marine Exploration Technical Analysis
Negative
2.30
Price Trends
1.33
Negative
1.72
Negative
1.83
Negative
Market Momentum
-0.08
Negative
47.09
Neutral
21.54
Neutral
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 2.3 is above the 20-day moving average (MA) of 0.98, above the 50-day MA of 1.33, and above the 200-day MA of 1.83, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 47.09 is Neutral, neither overbought nor oversold. The STOCH value of 21.54 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 29 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | $442.38M | -7.37 | -3.42% | ― | -3.31% | -73.22% | |
63 Neutral | $587.31M | 15.95 | 14.44% | 2.98% | -3.39% | 71.37% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | $372.18M | -19.32 | -7.72% | 4.25% | 1.13% | 25.94% | |
46 Neutral | $30.09M | -0.13 | -333.08% | ― | -31.38% | -7.02% | |
46 Neutral | $29.20M | -21.45 | -10.56% | ― | 1.55% | 69.81% | |
44 Neutral | $63.26M | 33.49 | 106.69% | ― | -65.57% | -254.11% |
* Basic Materials Sector Average
OMEX
Odyssey Marine Exploration
1.08
0.04
3.85%
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4.58
0.81
21.49%
CASS
Cass Information Systems
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9.48%
CVEO
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61.95%
SST
System1
3.02
-1.35
-30.89%
PMEC
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0.76
-0.38
-33.33%
Odyssey Marine Exploration Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and FinancingStock Split
Odyssey Marine and AOM Announce Transformative All-Stock Merger
Positive
Apr 14, 2026
On April 13, 2026, Odyssey Marine Exploration and American Ocean Minerals held an investor webcast detailing their previously announced all-stock, billion-dollar merger. The combination aims to create the largest and most advanced U.S.-controlled ...
Business Operations and StrategyExecutive/Board ChangesM&A TransactionsPrivate Placements and FinancingStock Split
Odyssey Marine to Merge with American Ocean Minerals
Positive
Apr 8, 2026
On April 8, 2026, Odyssey Marine Exploration and American Ocean Minerals Corporation signed a definitive merger agreement under which a wholly owned Odyssey subsidiary will merge into AOM, with AOM surviving as a wholly owned Odyssey unit and the ...
Business Operations and StrategyM&A Transactions
Odyssey Marine Updates Phosagmex Joint Venture Agreement Terms
Positive
Feb 27, 2026
In December 2024, Odyssey Marine Exploration and Mexican partner Capital Latinoamericano agreed to jointly develop a strategic fertilizer production project in Mexico through a joint venture structure, with each party contributing via subsidiaries...
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.