Ocean Power Technologies Inc. (NASDAQ:OPTT) does about 2.62M shares in volume on a normal day but saw 3054834 shares change hands in Friday trading. The company now has a market cap of 25.30M USD and an enterprise value of about $16.74M. Its current market price is $1.18, marking a decrease of -20.27% compared to the previous close of $1.48. The 52 week high reached by this stock is $2.34 whilst the lowest price level in 52 weeks is $0.33. The script in recent trading has seen the stock touch a high of $1.44 and a low of $1.15.
Ocean Power Technologies Inc. (OPTT) has a 20-day trading average at $0.9533 and the current price is -49.57% off the 52-week high compared with 258.66% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7912 and its 200-day simple moving average is $0.7374. If we look at the stock’s price movements over the week, volatility stands at 28.50%, which decreases to 16.86% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.94 to suggest the stock is neutral.
1 analysts observing the Ocean Power Technologies Inc. (OPTT) stock have set the 12-month price targets for the company’s shares at between $1200.00 and $1200.00. The median price target is 99.9% away from the current levels at $1200.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 25, 2015 when H.C. Wainwright resumed the stock to “Neutral” and issued a price target of . UBS reiterated its price target at $19-$14.
The current price level is 27.08%, 51.93%, and 59.70% away from its SMA20, SMA50, and SMA200 respectively, with the OPTT price moving below the 50-day SMA on August 14. Ocean Power Technologies Inc. (OPTT) stock is up 13.46% over the week and 71.01% over the past month. Its price is 35.63% year-to-date and -16.90% over the past year.
The company’s next earnings report is expected on 09/15/2020, with forecasts estimating quarterly EPS at $0 and $0 for whole year.
Its 12-month price target is $1200.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1200.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $1200.00.
Outstanding shares total 17.12M with insiders holding 0.15% of the shares and institutional holders owning 2.52% of the company’s common stock. The company has a return on investment of -99.70% and return on equity of -94.40%. The beta has a value of 2.78. Price to book ratio is 1.04 and price to sales ratio is 14.88.
According to a U.S. Securities and Exchange Commission filing, Vanguard Extended Market Index Fu has reduced its position in Ocean Power Technologies Inc. (OPTT) to 18,163 shares, mirroring a recent drop by 0.00%. Vanguard Extended Market Index Fu dumped 0.0 shares of Ocean Power Technologies Inc. common stock bringing its total worth to about $14984.0 at the end of recent close, SEC documents show. Vanguard Extended Market Index Fu isn’t the only investment manager who changed stakes and is followed by Fidelity Extended Market Index Fu, which sold off 0.0 shares to end up with 3,545 shares worth $2925.0. USAA Extended Market Index Fund raise their holdings by 69.48% in the company over the course of the most recent quarter. It now holds a 0.02% position in Ocean Power Technologies Inc. thanks to 2710.0 shares amounting to $2236.0.