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As of close of business last night, Ocean Power Technologies’s stock clocked out at $0.14, down -3.67% from its previous closing price of $0.15. In other words, the price has decreased by -$3.67 from its previous closing price. On the day, 2.3 million shares were traded. OPTT stock price reached its highest trading level at $0.151 during the session, while it also had its lowest trading level at $0.1435.
Ratios:
To gain a deeper understanding of OPTT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 2.16. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.07.
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.
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 14122342 and an Enterprise Value of 13391335. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 2.411 whereas that against EBITDA is -0.52.
Stock Price History:
Over the past 52 weeks, OPTT has reached a high of $0.57, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is -14.75%, while the 200-Day Moving Average is calculated to be -37.37%.
Shares Statistics:
It appears that OPTT traded 3.53M shares on average per day over the past three months and 2121620 shares per day over the past ten days. A total of 99.32M shares are outstanding, with a floating share count of 85.57M. Insiders hold about 13.85% of the company’s shares, while institutions hold 3.89% stake in the company. Shares short for OPTT as of 1728950400 were 4317015 with a Short Ratio of 1.22, compared to 1726185600 on 4318776. Therefore, it implies a Short% of Shares Outstanding of 4317015 and a Short% of Float of 4.46.
