Ocean Power Technologies (AMEX: OPTT) is 12.56% higher on its value in year-to-date trading and has touched a low of $0.12 and a high of $0.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OPTT stock was last observed hovering at around $0.37 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.36, the stock is 16.36% and 56.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.39 million and changing -4.64% at the moment leaves the stock 26.76% off its SMA200. OPTT registered -49.83% loss for a year compared to 6-month loss of 22.61%.
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The stock witnessed a 180.08% gain in the last 1 month and extending the period to 3 months gives it a 82.41%, and is -2.97% 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 11.31% over the week and 22.04% over the month.
Ocean Power Technologies (OPTT) has around 72 employees, a market worth around $32.18M and $4.93M in sales. Profit margin for the company is -614.25%. Distance from 52-week low is 196.42% and -50.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-110.89%).
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Ocean Power Technologies (OPTT) Top Institutional Holders
The shares outstanding are 90.46M, and float is at 87.12M with Short Float at 10.92%.
Ocean Power Technologies (OPTT) Insider Activity
The most recent transaction is an insider purchase by Slaiby Peter E.,the company’sDirector. SEC filings show that Slaiby Peter E. bought 25,000 shares of the company’s common stock on Sep 28 ’23 at a price of $0.39 per share for a total of $9750.0. Following the purchase, the insider now owns 96577.0 shares.
Ocean Power Technologies disclosed in a document filed with the SEC on Sep 18 ’23 that Powers Robert Patrick (Senior VP and CFO) bought a total of 12,345 shares of the company’s common stock. The trade occurred on Sep 18 ’23 and was made at $0.40 per share for $4950.0. Following the transaction, the insider now directly holds 28888.0 shares of the OPTT stock.
Still, SEC filings show that on Sep 15 ’23, Stratmann Philipp (President and CEO) acquired 12,115 shares at an average price of $0.41 for $4999.0. The insider now directly holds 93,807 shares of Ocean Power Technologies (OPTT).
