Ocean Power Technologies [AMEX: OPTT] surged by $0.12 during the normal trading session on Thursday and reaching a high of $0.7409 during the day while it closed the day at $0.7.
Ocean Power Technologies stock has also gained 20.90% of its value over the past 7 days. However, OPTT stock has inclined by 62.81% in the 3 months of the year. Over the past six months meanwhile, it has lost -21.38% and gained 78.26% year-on date.
The market cap for OPTT stock reached $120.40 million, with 170.00 million shares outstanding and 153.75 million shares in the current float. Compared to the average trading volume of 3.99M shares, OPTT reached a trading volume of 26292403 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 4.10, with the Price to Cash per share for the same quarter was set at 0.06.
OPTT stock trade performance evaluation
Ocean Power Technologies [OPTT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.90. With this latest performance, OPTT shares gained by 25.52% in over the last four-week period, additionally sinking by -21.38% over the last 6 months – not to mention a drop of -31.67% 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 72.00, with the RSI for the last a single of trading hit 0.0552, and the three-weeks RSI is set at 0.0497 for Ocean Power Technologies [OPTT]. The present Moving Average for the last 50 days of trading for this stock 0.5240, while it was recorded at 0.5800 for the last single week of trading, and 0.4771 for the last 200 days.
Ocean Power Technologies [OPTT]: An insightful look at the core fundamentals
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%.
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 -80.51%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -63.24%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Ocean Power Technologies’s Return on Invested Capital (ROIC) is -73.03%, 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 -$507209.3 per employee. The company’s liquidity position is robust, with a Current Ratio of 3.88% and a Quick Ratio of 2.97%, indicating strong ability to cover short-term liabilities.
Ocean Power Technologies [OPTT]: Institutional Ownership
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%.
