Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
In the latest session, Ocean Power Technologies (AMEX: OPTT) closed at $0.89 up 16.38% from its previous closing price of $0.76. In other words, the price has increased by $16.38 from its previous closing price. On the day, 28.64 million shares were traded. OPTT stock price reached its highest trading level at $0.9864 during the session, while it also had its lowest trading level at $0.8218.
Ratios:
For a deeper understanding of Ocean Power Technologies’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 2.79. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.06.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 129463584 and an Enterprise Value of 30608440. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.30 while its Price-to-Book (P/B) ratio in mrq is 4.99. Its current Enterprise Value per Revenue stands at 5.511 whereas that against EBITDA is -1.189.
Stock Price History:
The Beta on a monthly basis for OPTT is 2.66, which has changed by 1.5333333 over the last 52 weeks, in comparison to a change of 0.23147523 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 $0.12. The 50-Day Moving Average of the stock is 104.54%, while the 200-Day Moving Average is calculated to be 233.92%.
Shares Statistics:
For the past three months, OPTT has traded an average of 38.48M shares per day and 84624840 over the past ten days. A total of 146.13M shares are outstanding, with a floating share count of 129.97M. Insiders hold about 11.06% of the company’s shares, while institutions hold 2.95% stake in the company. Shares short for OPTT as of 1732838400 were 10556044 with a Short Ratio of 0.21, compared to 1730332800 on 3615181. Therefore, it implies a Short% of Shares Outstanding of 10556044 and a Short% of Float of 8.44.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
