Ocean Power Technologies (AMEX:OPTT) currently has a daily average trading volume of 30.43M but it saw 15830107 shares traded in last market. With a market cap of 37.54M USD, the company’s current market price of $0.41 came rising about 18.88 while comparing to the previous closing price of $0.35. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.62 and as low as $0.12.
Taking a look at 20-day trading activity of Ocean Power Technologies (OPTT) gives us an average price of $0.3581, while its current price level is -32.56% below from 52-week high level whereas it is 245.83% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2436 while that of 200 days or SMA-200 reads an average of $0.2799. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.03% during that period while stretching the period over a month that increases to 24.13%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 62.81 which implies that the stock is in neutral territory.
UBS issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $19 and $14.
Over the week, OPTT’s stock price is moving 11.26% up while it is 209.01% when we observe its performance for the past one month. Year-to-date it is 31.33% up and over the past year, the stock is showing a downside performance of -31.06%.
Currently, Ocean Power Technologies’s total number of outstanding shares is 90.46M. Company’s return on investment (ROI) stands at -110.89% and return on equity (ROE) at -77.49%. Stock’s beta reads 2.10. Stock has a price to book (P/B) ratio of 0.98 while price to sale or P/S ratio amounts to 7.61. Its return on asset (ROA) is -64.74% on average.
