Currently, there are 146.13M common shares owned by the public and among those 130.06M shares have been available to trade.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The company’s stock has a 5-day price change of -18.92% and 38.82% over the past three months. OPTT shares are trading -49.83% year to date (YTD), with the 12-month market performance up to 73.52% higher. It has a 12-month low price of $0.12 and touched a high of $1.75 over the same period. OPTT has an average intraday trading volume of 28.56 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -27.29%, -32.66%, and 45.05% respectively.
Institutional ownership of Ocean Power Technologies (AMEX: OPTT) shares accounts for 6.12% of the company’s 146.13M shares outstanding.
It has a market capitalization of $74.77M and a beta (3y monthly) value of 2.48. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.91% over the week and 13.07% over the month.
Analysts forecast that Ocean Power Technologies (OPTT) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0.
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.
