Ocean Power Technologies (AMEX: OPTT) is -60.78% lower on its value in year-to-date trading and has touched a low of $0.12 and a high of $1.75 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 $0.46 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $0.40, the stock is -20.03% and -37.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.31 million and changing -12.24% at the moment leaves the stock 3.90% off its SMA200. OPTT registered 50.94% gain for a year compared to 6-month gain of 150.00%. The firm has a 50-day simple moving average (SMA 50) of $0.6356 and a 200-day simple moving average (SMA200) of $0.3852.
The stock witnessed a -25.40% loss in the last 1 month and extending the period to 3 months gives it a -16.11%, and is -26.17% 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 9.48% over the week and 11.41% over the month.
Ocean Power Technologies (OPTT) has around 43 employees, a market worth around $68.82M and $6.12M in sales. Profit margin for the company is -356.57%. Distance from 52-week low is 233.33% and -77.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-73.03%).
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Ocean Power Technologies (OPTT) Top Institutional Holders
57.0 institutions hold shares in Ocean Power Technologies (OPTT), with institutional investors hold 5.35% of the company’s shares. The shares outstanding are 170.00M, and float is at 153.13M with Short Float at 6.17%. Institutions hold 5.22% 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 GEODE CAPITAL MANAGEMENT, LLC with 0.48 million shares valued at $93686.0 to account for 0.8126 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.58 million shares representing 0.7046% and valued at over $0.11 million, while STATE STREET CORP holds 0.3333 of the shares totaling 0.2 million with a market value of $38413.0.
Ocean Power Technologies (OPTT) Insider Activity
The most recent transaction is an insider purchase by Slaiby Peter E., the company’s Director. SEC filings show that Slaiby Peter E. bought 35,000 shares of the company’s common stock on Nov 25 ’24 at a price of $0.19 per share for a total of $6713.0. Following the purchase, the insider now owns 0.24 million shares.
Ocean Power Technologies disclosed in a document filed with the SEC on Nov 13 ’24 that Cryan Terence James (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $0.15 per share for $14800.0. Following the transaction, the insider now directly holds 0.36 million shares of the OPTT stock.
