Ocean Power Technologies (OPTT) concluded trading on Wednesday at a closing price of $0.29, with 3.84 million shares of worth about $1.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.21% during that period and on March 13, 2024 the price saw a loss of about -0.78%. Currently the company’s common shares owned by public are about 56.26M shares, out of which, 54.50M shares are available for trading.
Stock saw a price change of 1.49% in past 5 days and over the past one month there was a price change of -11.24%. Year-to-date (YTD), OPTT shares are showing a performance of -7.31% which decreased to -45.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.25 but also hit the highest price of $0.77 during that period. The average intraday trading volume for Ocean Power Technologies shares is 273.23K. The stock is currently trading -3.56% below its 20-day simple moving average (SMA20), while that difference is down -3.63% for SMA50 and it goes to -28.93% lower than SMA200.
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Ocean Power Technologies (AMEX: OPTT) currently have 56.26M outstanding shares and institutions hold larger chunk of about 6.95% of that.
The stock has a current market capitalization of $17.22M and its 3Y-monthly beta is at 2.04. It has posted earnings per share of -$0.52 in the same period. It has Quick Ratio of 3.17 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OPTT, volatility over the week remained 6.48% while standing at 9.61% over the month.
Analysts are in expectations that Ocean Power Technologies (OPTT) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same.
Coverage by Ascendiant Capital Markets stated Ocean Power Technologies (OPTT) stock as a Strong buy in their note to investors on May 09, 2013, suggesting a price target of $5 for the stock. Stock get a Buy rating from UBS on March 20, 2008.
