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After finishing at $0.47 in the prior trading day, Ocean Power Technologies (AMEX: OPTT) closed at $0.49, up 2.89%. In other words, the price has increased by $2.89 from its previous closing price. On the day, 2.64 million shares were traded.
Ratios:
Our goal is to gain a better understanding of OPTT by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 13.75 while its Price-to-Book (P/B) ratio in mrq is 2.86.
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 6.09%, while the 200-Day Moving Average is calculated to be 14.86%.
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.
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.
