rts logo

Will Ocean Power Technologies (OPTT) benefit from Wall Street bulls Calls?

Ocean Power Technologies (AMEX: OPTT) is -49.37% lower on its value in year-to-date trading and has touched a low of $0.12 and a high of $0.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OPTT stock was last observed hovering at around $0.16 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.16, the stock is -13.37% and -26.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.82 million and changing -1.66% at the moment leaves the stock -36.49% off its SMA200. OPTT registered -58.91% loss for a year compared to 6-month loss of -39.62%. The firm has a 50-day simple moving average (SMA 50) of $0.2122 and a 200-day simple moving average (SMA200) of $0.25155.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a -14.35% gain in the last 1 month and extending the period to 3 months gives it a -18.28%, and is -11.65% 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 13.69% over the week and 11.26% over the month.

Ocean Power Technologies (OPTT) has around 43 employees, a market worth around $15.89M and $5.55M in sales. Profit margin for the company is -448.27%. Distance from 52-week low is 33.33% and -71.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-104.46%).

.

Ocean Power Technologies (OPTT) Top Institutional Holders

37.0 institutions hold shares in Ocean Power Technologies (OPTT), with institutional investors hold 15.16% of the company’s shares. The shares outstanding are 99.32M, and float is at 95.85M with Short Float at 4.51%. Institutions hold 14.61% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.76 million shares valued at $0.34 million. The investor’s holdings represent 2.9894% of the OPTT Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.58 million shares valued at $0.11 million to account for 0.9809 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 0.48 million shares representing 0.8126% and valued at over $93686.0, while HRT FINANCIAL LP holds 0.3556 of the shares totaling 0.21 million with a market value of $40000.0.

Ocean Power Technologies (OPTT) Insider Activity

#####

Related Posts