Ocean Power Technologies [AMEX: OPTT] loss -10.24% or -0.06 points to close at $0.58 with a heavy trading volume of 12161804 shares.
It opened the trading session at $0.6051, the shares rose to $0.6049 and dropped to $0.5567, the range by which the price of stock traded the whole day. The daily chart for OPTT points out that the company has recorded -31.78% loss over the past six months.
If we look at the average trading volume of 5.19M shares, OPTT reached to a volume of 12161804 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Ocean Power Technologies [OPTT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OPTT shares is $60.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OPTT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Ocean Power Technologies shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 25, 2015. While these analysts kept the previous recommendation, Ascendiant Capital Markets raised their target price to Strong Buy. The new note on the price target was released on May 09, 2013, representing the official price target for Ocean Power Technologies stock. Previously, the target price had yet another drop from $19 to $14, while UBS kept a Buy rating on OPTT stock.
The Price to Book ratio for the last quarter was 3.71, with the Price to Cash per share for the same quarter was set at 0.04.
Trading performance analysis for OPTT stock
Ocean Power Technologies [OPTT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -27.89. With this latest performance, OPTT shares gained by 11.11% in over the last four-week period, additionally sinking by -31.78% over the last 6 months – not to mention a drop of -43.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OPTT stock in for the last two-week period is set at 46.46, with the RSI for the last a single of trading hit 0.0821, and the three-weeks RSI is set at 0.0657 for Ocean Power Technologies [OPTT]. The present Moving Average for the last 50 days of trading for this stock 0.5579, while it was recorded at 0.7302 for the last single week of trading, and 0.4976 for the last 200 days.
Ocean Power Technologies [OPTT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Ocean Power Technologies [OPTT] shares currently have an operating margin of -370.07% and a Gross Margin at 28.33%. Ocean Power Technologies’s Net Margin is presently recorded at -367.10%.
Ocean Power Technologies (OPTT) Capital Structure & Debt Analysis
According to recent financial data for Ocean Power Technologies. ( OPTT), the Return on Equity (ROE) stands at -93.54%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -72.31%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Ocean Power Technologies’s Return on Invested Capital (ROIC) is -78.80%, showcasing its effectiveness in deploying capital for earnings.
Ocean Power Technologies (OPTT) Efficiency & Liquidity Metrics
Based on Ocean Power Technologies’s (OPTT) latest financial statements, the Debt-to-Equity Ratio is 0.07%, indicating its reliance on debt financing relative to shareholder equity.
Ocean Power Technologies (OPTT) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Ocean Power Technologies. (OPTT) effectively leverages its workforce, generating an average of -$405849.06 per employee. The company’s liquidity position is robust, with a Current Ratio of 4.14% and a Quick Ratio of 2.86%, indicating strong ability to cover short-term liabilities.
An analysis of Institutional ownership at Ocean Power Technologies [OPTT]
There are presently around $8.04%, or 8.30%% of OPTT stock, in the hands of institutional investors. The top three institutional holders of OPTT stocks are: VANGUARD GROUP INC with ownership of 1.76 million shares, which is approximately 2.1473%. BLACKROCK INC., holding 0.58 million shares of the stock with an approximate value of $$0.11 million in OPTT stocks shares; and BLACKROCK INC., currently with $$93686.0 in OPTT stock with ownership which is approximately 0.5837%.
