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Ocean Power Technologies (AMEX: OPTT) closed the day trading at $0.74 down -6.54% from the previous closing price of $0.80. In other words, the price has decreased by -$6.54 from its previous closing price. On the day, 6.3 million shares were traded. OPTT stock price reached its highest trading level at $0.7929 during the session, while it also had its lowest trading level at $0.73.
Ratios:
For a better understanding of OPTT, let’s 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 108506976 and an Enterprise Value of 108740768. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.34 while its Price-to-Book (P/B) ratio in mrq is 4.19. Its current Enterprise Value per Revenue stands at 15.352 whereas that against EBITDA is -4.942.
Stock Price History:
The Beta on a monthly basis for OPTT is 2.56, which has changed by 1.3870969 over the last 52 weeks, in comparison to a change of 0.22894537 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 6.83%, while the 200-Day Moving Average is calculated to be 125.81%.
Shares Statistics:
Over the past 3-months, OPTT traded about 44.20M shares per day on average, while over the past 10 days, OPTT traded about 12343310 shares per day. A total of 146.13M shares are outstanding, with a floating share count of 130.06M. Insiders hold about 11.00% of the company’s shares, while institutions hold 6.12% stake in the company. Shares short for OPTT as of 1738281600 were 6651960 with a Short Ratio of 0.15, compared to 1735603200 on 8223884. Therefore, it implies a Short% of Shares Outstanding of 6651960 and a Short% of Float of 4.5900002.
