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Ocean Power Technologies (AMEX: OPTT) closed the day trading at $0.18 down -2.53% from the previous closing price of $0.19. In other words, the price has decreased by -$2.53 from its previous closing price. On the day, 2.93 million shares were traded. OPTT stock price reached its highest trading level at $0.1996 during the session, while it also had its lowest trading level at $0.1811.
Ratios:
For a better understanding of OPTT, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 28 ’23 when Slaiby Peter E. bought 25,000 shares for $0.39 per share. The transaction valued at 9,750 led to the insider holds 96,577 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 17736172 and an Enterprise Value of 17005164. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.20 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 3.062 whereas that against EBITDA is -0.661.
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 -23.51%, while the 200-Day Moving Average is calculated to be -29.37%.
Shares Statistics:
Over the past 3-months, OPTT traded about 29.94M shares per day on average, while over the past 10 days, OPTT traded about 7232070 shares per day. A total of 97.94M shares are outstanding, with a floating share count of 94.51M. Insiders hold about 3.49% of the company’s shares, while institutions hold 3.99% stake in the company. Shares short for OPTT as of 1724976000 were 4738288 with a Short Ratio of 0.16, compared to 1722384000 on 6442147. Therefore, it implies a Short% of Shares Outstanding of 4738288 and a Short% of Float of 5.0200000000000005.
