After finishing at $0.27 in the prior trading day, Ocean Power Technologies (AMEX: OPTT) closed at $0.27, up 0.98%. In other words, the price has increased by $+0.0026 from its previous closing price. On the day, 526954 shares were traded.
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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 2.00 and its Current Ratio is at 2.49. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.08.
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 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 15.94M and an Enterprise Value of 9.53M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.23 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 1.93 whereas that against EBITDA is -0.31.
Stock Price History:
Over the past 52 weeks, OPTT has reached a high of $0.77, while it has fallen to a 52-week low of $0.25. The 50-Day Moving Average of the stock is 0.2982, while the 200-Day Moving Average is calculated to be 0.3967.
Shares Statistics:
The stock has traded on average 357.85K shares per day over the past 3-months and 425.71k shares per day over the last 10 days, according to various share statistics. A total of 56.26M shares are outstanding, with a floating share count of 55.12M. Insiders hold about 7.30% of the company’s shares, while institutions hold 6.87% stake in the company. Shares short for OPTT as of Feb 29, 2024 were 3.21M with a Short Ratio of 9.32, compared to 2.54M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.46% and a Short% of Float of 5.51%.
Earnings Estimates
Its stock is currently analyzed by 0 different market analysts. 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. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
