Ocean Power Technologies (AMEX:OPTT) traded at $1.41 at close of the session on current trade day and made a downward move of -12.42% on its previous day’s price.
Looking at the stock we see that its previous close was $1.61 and the beta (5Y monthly) reads 2.19 with the day’s price range being $1.25 – $1.6. In terms of its 52-week price range, OPTT has a high of $1.75 and a low of $0.12. The company’s stock has gained about 283.36% over that past 30 days.
Ocean Power Technologies has a market cap of $206.04 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the OPTT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 139.97% off its SMA20 and 283.07% from its 50-day simple moving average. The RSI (14) is pointing at 78.12 while the volatility over the past week is 45.31% and jumps to 27.79% over the past one month. The beta value is 2.64, while the average true range (ATR) is currently pointing at 0.20.
Coming back to Ocean Power Technologies (AMEX:OPTT), we note that the average 3-month trading volume was 36.07 million, while that of the preceding 10-day period stands at 84.49 million. Current shares outstanding are 146.13 million.
The insiders hold 11.06% of the company’s shares while institutions hold 2.95%. 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 38.24% up in year-to-date price movement.
