Quarterly Metrics: Quick and Current Ratios for Ocean Power Technologies (OPTT)

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As of close of business last night, Ocean Power Technologies’s stock clocked out at $0.19, down -4.55% from its previous closing price of $0.20. In other words, the price has decreased by -$4.55 from its previous closing price. On the day, 1.74 million shares were traded. OPTT stock price reached its highest trading level at $0.23 during the session, while it also had its lowest trading level at $0.1846.

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 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:

Investing in insider trades can also provide an investor with insight into how management views future 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 11238620 and an Enterprise Value of 4831615. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.28 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 0.979 whereas that against EBITDA is -0.155.

Stock Price History:

The Beta on a monthly basis for OPTT is 2.12, which has changed by -0.62745094 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, OPTT has reached a high of $0.77, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is -20.87%, while the 200-Day Moving Average is calculated to be -42.57%.

Shares Statistics:

It appears that OPTT traded 644.62K shares on average per day over the past three months and 750830 shares per day over the past ten days. A total of 56.26M shares are outstanding, with a floating share count of 55.99M. Insiders hold about 5.84% of the company’s shares, while institutions hold 6.37% stake in the company. Shares short for OPTT as of 1714435200 were 2840013 with a Short Ratio of 4.41, compared to 1711584000 on 2915746. Therefore, it implies a Short% of Shares Outstanding of 2840013 and a Short% of Float of 4.82.

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