The price of Ocean Power Technologies (AMEX: OPTT) closed at $0.21 in the last session, down -8.30% from day before closing price of $0.23. On the day, 8944087 shares were traded.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.54 while its Price-to-Book (P/B) ratio in mrq is 0.50.
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 $0.23.
Shares Statistics:
A total of 56.26M shares are outstanding, with a floating share count of 55.17M. Insiders hold about 7.22% of the company’s shares, while institutions hold 6.85% stake in the company.
Earnings Estimates
The company has Ocean Power Technologies, Inc. analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $1.09, with high estimates of $0.00 and low estimates of $2.19.
Analysts are recommending an EPS of between $Consumer Cyclical and $Financial Services for the fiscal current year, implying an average EPS of $Healthcare.
