Currently, there are 56.26M common shares owned by the public and among those 55.17M shares have been available to trade.
The company’s stock has a 5-day price change of -14.51% and -27.30% over the past three months. OPTT shares are trading -33.26% year to date (YTD), with the 12-month market performance down to -62.33% lower. It has a 12-month low price of $0.23 and touched a high of $0.77 over the same period. OPTT has an average intraday trading volume of 406.98K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.85%, -26.38%, and -43.72% respectively.
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Institutional ownership of Ocean Power Technologies (AMEX: OPTT) shares accounts for 6.85% of the company’s 56.26M shares outstanding.
It has a market capitalization of $12.54M and a beta (3y monthly) value of 2.10. The earnings-per-share (ttm) stands at -$0.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.20% over the week and 6.54% over the month.
Analysts forecast that Ocean Power Technologies (OPTT) will achieve an EPS of $OptiNose, Inc. for the current quarter, $1.09 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Oportun Financial Corporation while analysts give the company a high EPS estimate of $OPTEC INTERNATIONAL INC. Comparatively, EPS for the current quarter was $Opthea Limited a year ago.
Ascendiant Capital Markets coverage for the Ocean Power Technologies (OPTT) stock in a research note released on May 09, 2013 offered a Strong Buy rating with a price target of $5. UBS on their part issued Buy rating on March 20, 2008.
