Ocean Power Technologies (AMEX:OPTT) concluded the trading at $0.37 on Wednesday, November 27, with a rise of 26.28% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.29 and 5Y monthly beta was reading 2.19 with its price kept floating in the range of $0.327 and $0.4268 on the day. Considering stock’s 52-week price range provides that OPTT hit a high price of $0.57 and saw its price falling to a low level of $0.12 during that period. Over a period of past 1-month, stock came adding 148.55% in its value.
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With its current market valuation of $58.76 million, Ocean Power Technologies is set to declare its quarterly results in December. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.
In contrast, when we review OPTT stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Buy for it.
Digging deeper we become aware of the PEG ratio of the OPTT stock which is currently positioned at 0. It further provides that stock’s current price level is 119.33% away from its 20-day simple moving average and is 126.81% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 92.67 while volatility remained at 23.16% over the past week which changes to 9.28% when measuring it over the past month. Beta is valued at 2.46, while measure of average true range or ATR is currently at 0.03.
Having a second look at Ocean Power Technologies (AMEX:OPTT) provides that stock’s average daily trading volume for 3 months was 8.04 million, while it jumped to 52835680 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 126.23 million.
The percentage of outstanding shares held by the insiders is 14.00% while it is 3.41% for the institutional holders. The figures also indicate that as of 2024-11-15, number of stock’s short shares was 2.8 million which implies a short ratio of 1.33. This shows down a 289.00 of Short Interest in company’s outstanding shares on the day. In November the standing of shares short improved as it was 4.32 million in the previous month. Addition of 16.65% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
