Ocean Power Technologies (AMEX:OPTT) does about 12.83M shares in volume on a normal day but saw 89253888 shares change hands in the recent trading day. The company now has a market cap of 85.62M USD. Its current market price is $0.50, marking an increase of 35.65% compared to the previous close of $0.37. The 52 week high reached by this stock is $0.57 whilst the lowest price level in 52 weeks is $0.12.
Ocean Power Technologies (OPTT) has a 20-day trading average at $0.1856 and the current price is -12.17% off the 52-week high compared with 316.67% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.1688 and its 200-day simple moving average is $0.2190. If we look at the stock’s price movements over the week, volatility stands at 28.17%, which decreases to 10.35% 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 95.39 to suggest the stock is overbought.
The consensus objective for the share price is $60.00, suggesting that the stock has a potential upside of 99.17% over the period.
UBS reiterated its price target at $19-$14.
The current price level is 168.88%, 195.94%, and 128.31% away from its SMA20, SMA50, and SMA200 respectively, with the OPTT price moving below the 50-day SMA on current market day. Ocean Power Technologies (OPTT) stock is up 224.68% over the week and 235.80% over the past month. Its price is 58.23% year-to-date and 71.53% over the past year.
To reach the target analysts have set, the stock logically needs to grow 99.17 percent from here.
The company has a return on investment of -104.46% and return on equity of -81.80%. The beta has a value of 2.57. Price to book ratio is 2.14 and price to sales ratio is 15.43.
