Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $0.84 in the prior trading day, Ocean Power Technologies (AMEX: OPTT) closed at $0.85, up 0.62%. In other words, the price has increased by $0.62 from its previous closing price. On the day, 15.88 million shares were traded. OPTT stock price reached its highest trading level at $0.8875 during the session, while it also had its lowest trading level at $0.7724.
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 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:
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:
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 123505192 and an Enterprise Value of 30608440. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.45 while its Price-to-Book (P/B) ratio in mrq is 4.76. 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 2.58, which has changed by 1.8333333 over the last 52 weeks, in comparison to a change of 0.23809385 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 56.87%, while the 200-Day Moving Average is calculated to be 193.70%.
Shares Statistics:
The stock has traded on average 41.39M shares per day over the past 3-months and 22748780 shares per day over the last 10 days, according to various share statistics. A total of 146.13M shares are outstanding, with a floating share count of 129.72M. Insiders hold about 9.55% of the company’s shares, while institutions hold 3.03% stake in the company. Shares short for OPTT as of 1732838400 were 10556044 with a Short Ratio of 0.20, compared to 1730332800 on 3615181. Therefore, it implies a Short% of Shares Outstanding of 10556044 and a Short% of Float of 8.44.
