The price of Ocean Power Technologies (AMEX: OPTT) closed at $0.29 in the last session, down -1.67% from day before closing price of $0.29. In other words, the price has decreased by -$0.0049 from its previous closing price. On the day, 939378 shares were traded. OPTT stock price reached its highest trading level at $0.3150 during the session, while it also had its lowest trading level at $0.2880.
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 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:
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 17.13M and an Enterprise Value of 10.72M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.43 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 2.77 whereas that against EBITDA is -0.36.
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 0.3026, while the 200-Day Moving Average is calculated to be 0.4100.
Shares Statistics:
According to the various share statistics, OPTT traded on average about 338.92K shares per day over the past 3-months and 781.1k shares per day over the past 10 days. A total of 56.26M shares are outstanding, with a floating share count of 54.50M. Insiders hold about 7.30% of the company’s shares, while institutions hold 6.95% stake in the company. Shares short for OPTT as of Feb 29, 2024 were 3.21M with a Short Ratio of 9.47, 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
The company has 0 analysts who recommend its stock at the moment. 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.
