Ocean Power Technologies Inc. (NASDAQ: OPTT) is -3.72% lower on its value in year-to-date trading and has touched a low of $0.33 and a high of $4.46 in the current 52-week trading range. The OPTT stock was last observed hovering at around $2.70 in the last trading session, with the day’s loss setting it -0.11% off its average median price target of $1200.00 for the next 12 months. It is also 99.78% off the consensus price target high of $1200.00 offered by 1 analysts, but current levels are 99.78% higher than the price target low of $1200.00 for the same period.
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Currently trading at $2.59, the stock is -3.59% and 11.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.65 million and changing -4.07% at the moment leaves the stock 112.33% off its SMA200. OPTT registered 204.35% gain for a year compared to 6-month gain of 267.22%. The firm has a 50-day simple moving average (SMA 50) of $2.6121 and a 200-day simple moving average (SMA200) of $1.5748.
The stock witnessed a 2.78% loss in the last 1 month and extending the period to 3 months gives it a 18.81%, and is -11.60% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.75% over the week and 10.49% over the month.
Ocean Power Technologies Inc. (OPTT) has around 29 employees, a market worth around $86.27M and $1.60M in sales. Distance from 52-week low is 687.23% and -41.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-99.70%).
Ocean Power Technologies Inc. (OPTT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ocean Power Technologies Inc. (OPTT) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ocean Power Technologies Inc. is expected to release its quarterly report on 03/15/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 84.90% this year.
Ocean Power Technologies Inc. (OPTT) Top Institutional Holders
17 institutions hold shares in Ocean Power Technologies Inc. (OPTT), with 14.16k shares held by insiders accounting for 0.05% while institutional investors hold 0.99% of the company’s shares. Institutions hold 0.99% of the Float.
The top institutional shareholder in the company is Renaissance Technologies, LLC with over 88031.0 shares valued at $88911.0. The investor’s holdings represent 0.29% of the OPTT Shares outstanding. As of Sep 29, 2020, the second largest holder is Virtu Financial LLC with 63327.0 shares valued at $63960.0 to account for 0.21% of the shares outstanding. The other top investors are Citadel Advisors LLC which holds 28699.0 shares representing 0.09% and valued at over $28985.0, while Vanguard Group, Inc. (The) holds 0.06% of the shares totaling 18163.0 with a market value of $18344.0.
Ocean Power Technologies Inc. (OPTT) Insider Activity
A total of 0 insider transactions have happened at Ocean Power Technologies Inc. (OPTT) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by WINTERS ROBERT K, the company’s Director. SEC filings show that WINTERS ROBERT K sold 25,000 shares of the company’s common stock on Dec 30 at a price of $2.90 per share for a total of $72398.0. Following the sale, the insider now owns 0.0 shares.