The stock of Ocean Power Technologies (OPTT) has seen a 1.49% increase in the past week, with a -19.75% drop in the past month, and a -60.01% decrease in the past quarter. The volatility ratio for the week is 6.87%, and the volatility levels for the past 30 days are at 11.41% for OPTT. The simple moving average for the last 20 days is -4.48% for OPTT stock, with a simple moving average of -35.11% for the last 200 days.
Is It Worth Investing in Ocean Power Technologies (AMEX: OPTT) Right Now?
Additionally, the 36-month beta value for OPTT is 2.19. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OPTT is 85.57M and currently, short sellers hold a 6.95% ratio of that float. The average trading volume of OPTT on October 14, 2024 was 5.56M shares.
OPTT) stock’s latest price update
The stock price of Ocean Power Technologies (AMEX: OPTT) has surged by 2.36 when compared to previous closing price of 0.15, but the company has seen a 1.49% gain in its stock price over the last five trading sessions. proactiveinvestors.co.uk reported 2024-10-14 that Ocean Power Technologies Inc (NYSE-A:OPTT) told investors it has entered into a service partnership with 3B General Trading & Contracting to explore offshore energy and maritime industry projects in Kuwait. The agreement will involve deploying the company’s WAM-V autonomous and unmanned surface vehicles and its Next Generation PowerBuoys equipped with AI-powered Merrows technology.
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 -14.10% 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 -72.53% of loss for the given period.
Volatility was left at 11.41%, however, over the last 30 days, the volatility rate increased by 6.87%, as shares sank -38.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.73% lower at present.
During the last 5 trading sessions, OPTT fell by -0.32%, which changed the moving average for the period of 200-days by -53.90% in comparison to the 20-day moving average, which settled at $0.1636. In addition, Ocean Power Technologies saw -50.51% 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:
- -4.76 for the present operating margin
- 0.47 for the gross margin
The net margin for Ocean Power Technologies stands at -4.48. The total capital return value is set at -1.1. Equity return is now at value -81.80, with -66.52 for asset returns.
Based on Ocean Power Technologies (OPTT), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -30.13.
Currently, EBITDA for the company is -28.24 million with net debt to EBITDA at 0.09. When we switch over and look at the enterprise to sales, we see a ratio of 2.38. The receivables turnover for the company is 3.86for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.16.
Conclusion
In conclusion, Ocean Power Technologies (OPTT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
