Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
In the latest session, Ocean Power Technologies (AMEX: OPTT) closed at $0.64 down -14.83% from its previous closing price of $0.75. In other words, the price has decreased by -$14.83 from its previous closing price. On the day, 12.22 million shares were traded. OPTT stock price reached its highest trading level at $0.7077 during the session, while it also had its lowest trading level at $0.63.
Ratios:
For a deeper understanding of Ocean Power Technologies’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.86 and its Current Ratio is at 4.14. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.02.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 111023856 and an Enterprise Value of 109190744. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.47 while its Price-to-Book (P/B) ratio in mrq is 4.13. Its current Enterprise Value per Revenue stands at 18.63 whereas that against EBITDA is -5.254.
Stock Price History:
The Beta on a monthly basis for OPTT is 2.67, which has changed by 1.7826087 over the last 52 weeks, in comparison to a change of 0.16932249 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 $0.14. The 50-Day Moving Average of the stock is 15.21%, while the 200-Day Moving Average is calculated to be 29.70%.
Shares Statistics:
For the past three months, OPTT has traded an average of 5.12M shares per day and 11228050 over the past ten days. A total of 171.26M shares are outstanding, with a floating share count of 158.02M. Insiders hold about 10.99% of the company’s shares, while institutions hold 8.27% stake in the company. Shares short for OPTT as of 1752537600 were 13789166 with a Short Ratio of 2.69, compared to 1749772800 on 11099796. Therefore, it implies a Short% of Shares Outstanding of 13789166 and a Short% of Float of 8.1099994.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
