Ocean Power Technologies (AMEX:OPTT) traded at $0.29 at close of the session on Tuesday, December 17 and made a downward move of -9.94% on its previous day’s price.
Looking at the stock we see that its previous close was $0.32 and the beta (5Y monthly) reads 2.19 with the day’s price range being $0.2707 – $0.322. In terms of its 52-week price range, OPTT has a high of $0.82 and a low of $0.12. The company’s stock has gained about 105.86% over that past 30 days.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ocean Power Technologies has a market cap of $42.09 million and is expected to release its quarterly earnings report in January.
On the other hand, looking at the outlook for the OPTT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of Hold.
Looking further, we note the current price level is -8.42% off its SMA20 and 33.04% from its 50-day simple moving average. The RSI (14) is pointing at 50.19 while the volatility over the past week is 15.81% and jumps to 19.20% over the past one month. The beta value is 2.90, while the average true range (ATR) is currently pointing at 0.07.
Coming back to Ocean Power Technologies (AMEX:OPTT), we note that the average 3-month trading volume was 22.74 million, while that of the preceding 10-day period stands at 34.44 million. Current shares outstanding are 124.60 million.
The insiders hold 11.06% of the company’s shares while institutions hold 3.41%. The data shows that short shares as of 2024-11-29, stood at 10.56 million at a short ratio of 0.38. This represents a 844.00 short interest in shares outstanding on 2024-11-29. Shares short rose in November from the previous month at 3.62 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -8.80% down in year-to-date price movement.
