Ocean Power Technologies (AMEX:OPTT) concluded the trading at $0.58 on Wednesday, July 16 with a rise of 5.46% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.55 and 5Y monthly beta was reading 2.66 with its price kept floating in the range of $0.5483 and $0.58 on the day. Considering stock’s 52-week price range provides that OPTT hit a high price of $1.75 and saw its price falling to a low level of $0.14 during that period. Over a period of past 1-month, stock came adding 11.35% in its value.
In contrast, when we review OPTT stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% 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 11.61% away from its 20-day simple moving average and is 11.12% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 59.78 while volatility remained at 9.82% over the past week which changes to 8.04% when measuring it over the past month. Beta is valued at 2.61.
Having a second look at Ocean Power Technologies (AMEX:OPTT) provides that stock’s average daily trading volume for 3 months was 3.96 million, while it jumped to 4826900 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 170.00 million.
The percentage of outstanding shares held by the insiders is 10.99% while it is 8.26% for the institutional holders. The figures also indicate that as of 2025-06-13, number of stock’s short shares was 11.1 million which implies a short ratio of 3.16. This shows up a 653.00 of Short Interest in company’s outstanding shares on the day. In June the standing of shares short improved as it was 10.72 million in the previous month. Addition of 57.64% 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.
