For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Ocean Power Technologies (AMEX: OPTT) closed at $0.29 in the last session, up 63.07% from day before closing price of $0.18. In other words, the price has increased by $63.07 from its previous closing price. On the day, 251.78 million shares were traded. OPTT stock price reached its highest trading level at $0.2919 during the session, while it also had its lowest trading level at $0.1996.
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 1.05 and its Current Ratio is at 2.16. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.07.
On May 09, 2013, Ascendiant Capital Markets started tracking the stock assigning a Strong Buy rating and target price of $5.
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.
Cryan Terence James bought 100,000 shares of OPTT for $14,800 on Nov 13 ’24. The Director now owns 358,658 shares after completing the transaction at $0.15 per share.
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 36846832 and an Enterprise Value of 27856444. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.64 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 5.016 whereas that against EBITDA is -1.082.
Stock Price History:
Over the past 52 weeks, OPTT has reached a high of $0.57, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is 83.78%, while the 200-Day Moving Average is calculated to be 33.86%.
Shares Statistics:
According to the various share statistics, OPTT traded on average about 4.13M shares per day over the past 3-months and 6687210 shares per day over the past 10 days. A total of 126.23M shares are outstanding, with a floating share count of 108.56M. Insiders hold about 14.00% of the company’s shares, while institutions hold 3.41% stake in the company. Shares short for OPTT as of 1731628800 were 2795288 with a Short Ratio of 0.88, compared to 1728950400 on 4317015. Therefore, it implies a Short% of Shares Outstanding of 2795288 and a Short% of Float of 2.8900001.
