June 21, 2022, Ocean Power Technologies Inc. (AMEX: OPTT) trading session started at the price of $0.52, that was 10.12% jump from the session before. During the day, the shares moved up to $0.57 and dropped to $0.50 before settling in for the closing price of $0.50. A 52-week range for OPTT has been $0.50 – $3.28.
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A company in the Industrials sector has jumped its sales by 11.30% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 65.80%. With a float of $55.09 million, this company’s outstanding shares have now reached $55.31 million.
In an organization with 29 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -88.97, operating margin of -1127.03, and the pretax margin is -1223.88.
Ocean Power Technologies Inc. (OPTT) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Ocean Power Technologies Inc. stocks. The insider ownership of Ocean Power Technologies Inc. is 0.05%, while institutional ownership is 14.40%.
Ocean Power Technologies Inc. (OPTT) Performance Highlights and Predictions
This company achieved a net margin of -1223.88 while generating a return on equity of -32.45. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 65.80% per share during the next fiscal year.
Ocean Power Technologies Inc. (AMEX: OPTT) Trading Performance Indicators
You can see what Ocean Power Technologies Inc. (OPTT) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 15.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 20.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.36
Technical Analysis of Ocean Power Technologies Inc. (OPTT)
Let’s dig in a bit further. During the last 5-days, its volume was 2.49 million. That was better than the volume of 0.59 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.70%. Additionally, its Average True Range was 0.08.
During the past 100 days, Ocean Power Technologies Inc.’s (OPTT) raw stochastic average was set at 3.96%, which indicates a significant decrease from 12.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 124.42% in the past 14 days, which was higher than the 100.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9786, while its 200-day Moving Average is $1.4975. However, in the short run, Ocean Power Technologies Inc.’s stock first resistance to watch stands at $0.5833. Second resistance stands at $0.6117. The third major resistance level sits at $0.6533. If the price goes on to break the first support level at $0.5133, it is likely to go to the next support level at $0.4717. Assuming the price breaks the second support level, the third support level stands at $0.4433.
Ocean Power Technologies Inc. (AMEX: OPTT) Key Stats
There are 55,894K outstanding shares of the company, which has a market capitalization of 32.93 million. As of now, sales total 1,210 K while income totals -14,760 K. Its latest quarter income was 480 K while its last quarter net income were -5,470 K.