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The price of Ocean Power Technologies (AMEX: OPTT) closed at $0.75 in the last session, down -5.16% from day before closing price of $0.80. In other words, the price has decreased by -$5.16 from its previous closing price. On the day, 6.73 million shares were traded. OPTT stock price reached its highest trading level at $0.8096 during the session, while it also had its lowest trading level at $0.7501.
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 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:
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:
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 110128016 and an Enterprise Value of 30608440. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.56 while its Price-to-Book (P/B) ratio in mrq is 4.25. 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 2.55, which has changed by 1.3529413 over the last 52 weeks, in comparison to a change of 0.21313763 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 10.86%, while the 200-Day Moving Average is calculated to be 135.47%.
Shares Statistics:
According to the various share statistics, OPTT traded on average about 44.05M shares per day over the past 3-months and 16041460 shares per day over the past 10 days. A total of 146.13M shares are outstanding, with a floating share count of 130.06M. Insiders hold about 11.00% of the company’s shares, while institutions hold 3.48% stake in the company. Shares short for OPTT as of 1732838400 were 10556044 with a Short Ratio of 0.15, 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.
