Ocean Power Technologies (AMEX:OPTT) does about 4.88M shares in volume on a normal day but saw 2155474 shares change hands in the recent trading day. The company now has a market cap of 80.90M USD. Its current market price is $0.47, marking an increase of 0.58% compared to the previous close of $0.47. The 52 week high reached by this stock is $1.75 whilst the lowest price level in 52 weeks is $0.12.
Ocean Power Technologies (OPTT) has a 20-day trading average at $0.4287 and the current price is -73.13% off the 52-week high compared with 291.83% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4567 and its 200-day simple moving average is $0.4026. If we look at the stock’s price movements over the week, volatility stands at 10.02%, which decreases to 9.79% 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 54.24 to suggest the stock is neutral.
The consensus objective for the share price is $60.00, suggesting that the stock has a potential upside of 99.22% over the period.
UBS reiterated its price target at $19-$14.
The current price level is 9.68%, 2.95%, and 16.78% 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 8.49% over the week and 20.16% over the past month. Its price is -53.90% year-to-date and 150.77% over the past year.
To reach the target analysts have set, the stock logically needs to grow 99.22 percent from here.
Outstanding shares total 170.00M with insiders holding 3.22% of the shares and institutional holders owning 8.01% of the company’s common stock. The company has a return on investment of -73.03% and return on equity of -80.51%. The beta has a value of 2.70. Price to book ratio is 2.76 and price to sales ratio is 13.22.
