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

SeaStar Medical Holding Co. (NASDAQ:ICU)’s stock price was down 1.1% during mid-day trading on Thursday . The company traded as low as $1.75 and last traded at $1.82. Approximately 162,561 shares changed hands during trading, a decline of 75% from the average daily volume of 647,876 shares. The stock had previously closed at $1.84.

SeaStar Medical Stock Down 1.6 %

The company has a market cap of $7.98 million, a P/E ratio of -0.15 and a beta of -1.02. The business has a fifty day moving average price of $1.92 and a 200-day moving average price of $3.56.

Institutional Investors Weigh In On SeaStar Medical

A hedge fund recently raised its stake in SeaStar Medical stock. Geode Capital Management LLC lifted its stake in SeaStar Medical Holding Co. (NASDAQ:ICU) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,430 shares of the company’s stock after buying an additional 5,618 shares during the period. Geode Capital Management LLC owned approximately 1.02% of SeaStar Medical worth $88,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.69% of the company’s stock.

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.