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After finishing at $0.16 in the prior trading day, Ocean Power Technologies (AMEX: OPTT) closed at $0.16, down -1.66%. In other words, the price has decreased by -$1.66 from its previous closing price. On the day, 10.82 million shares were traded. OPTT stock price reached its highest trading level at $0.1711 during the session, while it also had its lowest trading level at $0.1565.
Ratios:
Our goal is to gain a better understanding of OPTT by taking a closer 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.
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 15669728 and an Enterprise Value of 14938720. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.86 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 2.69 whereas that against EBITDA is -0.58.
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 -26.00%, while the 200-Day Moving Average is calculated to be -36.49%.
Shares Statistics:
The stock has traded on average 23.95M shares per day over the past 3-months and 9953930 shares per day over the last 10 days, according to various share statistics. A total of 99.32M shares are outstanding, with a floating share count of 95.85M. Insiders hold about 3.49% of the company’s shares, while institutions hold 3.93% stake in the company. Shares short for OPTT as of 1726185600 were 4318776 with a Short Ratio of 0.18, compared to 1723680000 on 5682016. Therefore, it implies a Short% of Shares Outstanding of 4318776 and a Short% of Float of 4.46.
