Ocean Power Technologies (OPTT) concluded trading on Wednesday at a closing price of $0.51, with 4.25 million shares of worth about $2.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 181.28% during that period and on March 12, 2025 the price saw a gain of about 5.46%. Currently the company’s common shares owned by public are about 146.13M shares, out of which, 130.06M shares are available for trading.
Stock saw a price change of -8.44% in past 5 days and over the past one month there was a price change of -36.32%. Year-to-date (YTD), OPTT shares are showing a performance of -50.36% which increased to 73.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.12 but also hit the highest price of $1.75 during that period. The average intraday trading volume for Ocean Power Technologies shares is 26.15 million. The stock is currently trading -16.98% below its 20-day simple moving average (SMA20), while that difference is down -34.95% for SMA50 and it goes to 39.82% higher than SMA200.
Ocean Power Technologies (AMEX: OPTT) currently have 146.13M outstanding shares and institutions hold larger chunk of about 6.12% of that.
The stock has a current market capitalization of $73.99M and its 3Y-monthly beta is at 2.49. It has posted earnings per share of -$0.31 in the same period. It has Quick Ratio of 1.37 while making debt-to-equity ratio of 0.11. 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 10.13% while standing at 10.77% over the month.
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.
