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The price of Ocean Power Technologies (AMEX: OPTT) closed at $0.18 in the last session, down -0.71% from day before closing price of $0.18. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 1.01 million shares were traded. OPTT stock price reached its highest trading level at $0.1834 during the session, while it also had its lowest trading level at $0.1751.
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 0.78 and its Current Ratio is at 1.43. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.09.
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 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.
Powers Robert Patrick bought 12,345 shares of OPTT for $4,950 on Sep 18 ’23. The Senior VP and CFO now owns 28,888 shares after completing the transaction at $0.40 per share. On Sep 15 ’23, another insider, Stratmann Philipp, who serves as the President and CEO of the company, bought 12,115 shares for $0.41 each. As a result, the insider paid 4,999 and bolstered with 93,807 shares of the company.
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 17317972 and an Enterprise Value of 16219867. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.13 while its Price-to-Book (P/B) ratio in mrq is 0.57. Its current Enterprise Value per Revenue stands at 2.936 whereas that against EBITDA is -0.563.
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 -30.52%, while the 200-Day Moving Average is calculated to be -31.53%.
Shares Statistics:
According to the various share statistics, OPTT traded on average about 29.79M shares per day over the past 3-months and 1441480 shares per day over the past 10 days. A total of 95.57M shares are outstanding, with a floating share count of 92.13M. Insiders hold about 3.60% of the company’s shares, while institutions hold 4.09% stake in the company. Shares short for OPTT as of 1723680000 were 5682016 with a Short Ratio of 0.19, compared to 1721001600 on 6680175. Therefore, it implies a Short% of Shares Outstanding of 5682016 and a Short% of Float of 6.21.
