Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Ocean Power Technologies (AMEX: OPTT) closed at $0.50 in the last session, down -2.90% from day before closing price of $0.51. In other words, the price has decreased by -$2.90 from its previous closing price. On the day, 2.66 million shares were traded.
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 2.97 and its Current Ratio is at 3.88. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 14.07 while its Price-to-Book (P/B) ratio in mrq is 2.93.
Stock Price History:
Over the past 52 weeks, OPTT has reached a high of $1.75, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is 8.49%, while the 200-Day Moving Average is calculated to be 18.34%.
Shares Statistics:
A total of 170.00M shares are outstanding, with a floating share count of 153.75M. Insiders hold about 10.99% of the company’s shares, while institutions hold 8.21% stake in the company.
