Ocean Power Technologies (AMEX:OPTT) traded at $0.5 at close of the session on Tuesday, June 24 and made an upward move of 2.85% on its previous day’s price.
Looking at the stock we see that its previous close was $0.49 and the beta (5Y monthly) reads 2.66 with the day’s price range being $0.491 – $0.52. In terms of its 52-week price range, OPTT has a high of $1.75 and a low of $0.13. The company’s stock has lost about -9.07% over that past 30 days.
Ocean Power Technologies has a market cap of $86.54 million and is expected to release its quarterly earnings report in July.
On the other hand, looking at the outlook for the OPTT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold.
Looking further, we note the current price level is -4.49% off its SMA20 and 2.57% from its 50-day simple moving average. The RSI (14) is pointing at 47.62 while the volatility over the past week is 5.49% and jumps to 5.36% over the past one month.
Coming back to Ocean Power Technologies (AMEX:OPTT), we note that the average 3-month trading volume was 4.25 million, while that of the preceding 10-day period stands at 3.81 million. Current shares outstanding are 170.00 million.
The insiders hold 10.99% of the company’s shares while institutions hold 8.21%. The data shows that short shares as of 2025-05-30, stood at 10.81 million at a short ratio of 3.17. This represents a 636.00 short interest in shares outstanding on 2025-05-30. Shares short rose in May from the previous month at 7.55 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 285.38% up in year-to-date price movement.
