The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
As of close of business last night, Ocean Power Technologies’s stock clocked out at $0.43, up 1.71% from its previous closing price of $0.43. In other words, the price has increased by $1.71 from its previous closing price. On the day, 2.21 million shares were traded. OPTT stock price reached its highest trading level at $0.4478 during the session, while it also had its lowest trading level at $0.4202.
Ratios:
To gain a deeper understanding of OPTT’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 74566904 and an Enterprise Value of 65738916. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.18 while its Price-to-Book (P/B) ratio in mrq is 2.55. Its current Enterprise Value per Revenue stands at 10.747 whereas that against EBITDA is -3.27.
Stock Price History:
The Beta on a monthly basis for OPTT is 2.70, which has changed by 1.2631578 over the last 52 weeks, in comparison to a change of 0.09765589 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 -8.20%, while the 200-Day Moving Average is calculated to be 8.46%.
Shares Statistics:
It appears that OPTT traded 5.87M shares on average per day over the past three months and 3136250 shares per day over the past ten days. A total of 170.00M shares are outstanding, with a floating share count of 153.13M. Insiders hold about 10.99% of the company’s shares, while institutions hold 6.48% stake in the company. Shares short for OPTT as of 1744675200 were 11006223 with a Short Ratio of 1.88, compared to 1741910400 on 9443316. Therefore, it implies a Short% of Shares Outstanding of 11006223 and a Short% of Float of 6.5.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
