Ocean Power Technologies [AMEX: OPTT] gained 4.92% on the last trading session, reaching $0.54 price per share at the time.
Ocean Power Technologies represents 170.00 million in outstanding shares, while the company has a total market value of $93.93 million with the latest information. OPTT stock price has been found in the range of $0.526 to $0.56.
If compared to the average trading volume of 3.76M shares, OPTT reached a trading volume of 4705059 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 3.20, with the Price to Cash per share for the same quarter was set at 0.06.
Trading performance analysis for OPTT stock
Ocean Power Technologies [OPTT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.21. With this latest performance, OPTT shares gained by 0.11% in over the last four-week period, additionally sinking by -51.01% over the last 6 months – not to mention a drop of -46.69% in the past year of trading.
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 -343.07% and a Gross Margin at 37.62%. Ocean Power Technologies’s Net Margin is presently recorded at -356.57%.
Return on Equity for this stock declined to -63.24%, with Return on Assets sitting at -63.24%.
An analysis of Institutional ownership at Ocean Power Technologies [OPTT]
There are presently around $8.21%, or 8.48% 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%.
