Ocean Power Technologies (AMEX: OPTT) started the day on Thursday, with a price decrease of -1.61% at $0.29, before settling in for the price of $0.30 at the close. Taking a more long-term approach, OPTT posted a 52-week range of $0.12-$0.82.
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It was noted that the giant of the Industrials sector posted annual sales growth of 68.25% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 45.31%. This publicly-traded company’s shares outstanding now amounts to $126.23 million, simultaneously with a float of $112.27 million. The organization now has a market capitalization sitting at $37.05 million. At the time of writing, stock’s 50-day Moving Average stood at $0.2070, while the 200-day Moving Average is $0.2221.
Ocean Power Technologies (OPTT) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Specialty Industrial Machinery Industry. Ocean Power Technologies’s current insider ownership accounts for 11.06%, in contrast to 3.41% institutional ownership. According to the most recent insider trade that took place on Nov 25 ’24, this organization’s Director bought 35,000 shares at the rate of 0.19, making the entire transaction reach 6,713 in total value, affecting insider ownership by 241,871. Preceding that transaction, on Nov 13 ’24, Company’s Director bought 100,000 for 0.15, making the whole transaction’s value amount to 14,800. This particular insider is now the holder of 358,658 in total.
Ocean Power Technologies (AMEX: OPTT) Trading Performance Indicators
Let’s observe the current performance indicators for Ocean Power Technologies (OPTT). It’s Quick Ratio in the last reported quarter now stands at 1.05. The Stock has managed to achieve an average true range (ATR) of 0.07. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 6.68.
In the same vein, OPTT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.40.
Technical Analysis of Ocean Power Technologies (OPTT)
If we take a close look at the recent performances of Ocean Power Technologies (AMEX: OPTT), its last 5-days Average volume was 16.49 million that shows progress from its year to date volume of 14.46 million. During the previous 9 days, stock’s Stochastic %D was recorded 2.81% While, its Average True Range was 0.0776.
Raw Stochastic average of Ocean Power Technologies (OPTT) in the period of the previous 100 days is set at 22.72%, which indicates a major rise in contrast to 20.87% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 409.42% that was higher than 190.95% volatility it exhibited in the past 100-days period.
