SeaStar Medical (NASDAQ:ICU) Stock Price Down 5.7% – Here’s Why

Shares of SeaStar Medical Holding Co. (NASDAQ:ICUGet Free Report) fell 5.7% during mid-day trading on Wednesday . The company traded as low as $1.60 and last traded at $1.65. 241,099 shares were traded during mid-day trading, an increase of 10% from the average session volume of 219,669 shares. The stock had previously closed at $1.75.

SeaStar Medical Price Performance

The company has a 50 day moving average of $2.05 and a 200-day moving average of $4.21. The company has a market capitalization of $7.00 million, a P/E ratio of -0.13 and a beta of -1.05.

About SeaStar Medical

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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.

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