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Looking Closely at the Growth Curve for Ocean Power Technologies Inc. (OPTT)

Ocean Power Technologies Inc. (AMEX:OPTT) went up by 9.95% from its latest closing price compared to the recent 1-year high of $2.76. The company’s stock price has collected 42.09% of gains in the last five trading sessions.

Is It Worth Investing in Ocean Power Technologies Inc. (AMEX :OPTT) Right Now?

Plus, the 36-month beta value for OPTT is at 1.89. Opinions of the stock are interesting as 0 analysts out of 1 who provided ratings for Ocean Power Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $1200.00. OPTT currently public float of 55.09M and currently shorts hold a 5.32% ratio of that float. Today, the average trading volume of OPTT was 654.43K shares.

OPTT’s Market Performance

OPTT stocks went up by 42.09% for the week, with a monthly jump of 81.50% and a quarterly performance of -8.85%, while its annual performance rate touched -46.07%. The volatility ratio for the week stands at 10.06% while the volatility levels for the past 30 days are set at 10.70% for Ocean Power Technologies Inc. The simple moving average for the period of the last 20 days is 46.17% for OPTT stocks with a simple moving average of -20.64% for the last 200 days.

Analysts’ Opinion of OPTT

Ascendiant Capital Markets, on the other hand, stated in their research note that they expect to see OPTT reach a price target of $5. The rating they have provided for OPTT stocks is “Strong Buy” according to the report published on May 09th, 2013.

UBS gave a rating of “Buy” to OPTT, setting the target price at $14 in the report published on July 17th of the previous year.

OPTT Trading at 39.73% from the 50-Day Moving Average

After a stumble in the market that brought OPTT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -62.68% of loss for the given period.

Volatility was left at 10.70%, however, over the last 30 days, the volatility rate increased by 10.06%, as shares surge +84.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.98% upper at present.

During the last 5 trading sessions, OPTT rose by +42.09%, which changed the moving average for the period of 200-days by -51.64% in comparison to the 20-day moving average, which settled at $0.7282. In addition, Ocean Power Technologies Inc. saw -30.41% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for OPTT

Current profitability levels for the company are sitting at:

  • -1211.65 for the present operating margin
  • -5.74 for the gross margin

The net margin for Ocean Power Technologies Inc. stands at -1073.00. Equity return is now at value -25.80, with -24.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 19.91.