Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Ocean Power Technologies (AMEX: OPTT) closed at $0.51 in the last session, up 0.69% from day before closing price of $0.51. In other words, the price has increased by $0.69 from its previous closing price. On the day, 2.8 million shares were traded. OPTT stock price reached its highest trading level at $0.5186 during the session, while it also had its lowest trading level at $0.4918.
Ratios:
We take a closer look at OPTT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.86 and its Current Ratio is at 4.14. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.02.
UBS reiterated its Buy rating for the stock on July 17, 2008, while the target price for the stock was revised from $19 to $14.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 25 ’24 when Slaiby Peter E. bought 35,000 shares for $0.19 per share. The transaction valued at 6,713 led to the insider holds 241,871 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OPTT now has a Market Capitalization of 92743656 and an Enterprise Value of 86234464. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.83 while its Price-to-Book (P/B) ratio in mrq is 3.30. Its current Enterprise Value per Revenue stands at 14.713 whereas that against EBITDA is -4.149.
Stock Price History:
The Beta on a monthly basis for OPTT is 2.46, which has changed by 1.8333333 over the last 52 weeks, in comparison to a change of 0.20221436 over the same period for the S&P500. Over the past 52 weeks, OPTT has reached a high of $1.75, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is -6.91%, while the 200-Day Moving Average is calculated to be -6.09%.
Shares Statistics:
According to the various share statistics, OPTT traded on average about 5.31M shares per day over the past 3-months and 3900370 shares per day over the past 10 days. A total of 171.26M shares are outstanding, with a floating share count of 160.79M. Insiders hold about 10.99% of the company’s shares, while institutions hold 8.67% stake in the company. Shares short for OPTT as of 1755216000 were 12810573 with a Short Ratio of 2.41, compared to 1752537600 on 13789166. Therefore, it implies a Short% of Shares Outstanding of 12810573 and a Short% of Float of 7.199999999999999.
