SeaStar Medical (NASDAQ:ICU) Trading Down 1.1% – Here’s Why

SeaStar Medical Holding Co. (NASDAQ:ICU) traded down 1.1% on Thursday . The company traded as low as $1.75 and last traded at $1.82. 162,561 shares were traded during trading, a decline of 75% from the average session volume of 647,876 shares. The stock had previously closed at $1.84.

SeaStar Medical Price Performance

The business has a 50-day simple moving average of $1.92 and a two-hundred day simple moving average of $3.56. The stock has a market cap of $7.98 million, a price-to-earnings ratio of -0.15 and a beta of -1.02.

Institutional Investors Weigh In On SeaStar Medical

A hedge fund recently raised its stake in SeaStar Medical stock. Geode Capital Management LLC raised its position in shares of SeaStar Medical Holding Co. (NASDAQ:ICU) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,430 shares of the company’s stock after acquiring an additional 5,618 shares during the period. Geode Capital Management LLC owned approximately 1.02% of SeaStar Medical worth $88,000 at the end of the most recent quarter. 1.69% of the stock is currently owned by institutional investors and hedge funds.

About SeaStar Medical

SeaStar Medical Holding Corporation, a medical device company, develops a platform therapy to reduce the consequences of hyperinflammation on vital organs in the United States. The company offers inflammatory response to fend off infections and repair damaged tissue in the body. It is also developing products in various therapeutic areas, including pediatric and adult acute kidney injury on CRRT; cardiorenal syndrome in congestive heart failure; myocardial stunning in end stage renal disease; and hepatorenal syndrome.