The 36-month beta value for OPTT is at 2.48. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for OPTT is 130.06M, and currently, shorts hold a 6.19% of that float. The average trading volume for OPTT on March 17, 2025 was 25.30M shares.
OPTT) stock’s latest price update
Ocean Power Technologies (AMEX: OPTT)’s stock price has increased by 17.00 compared to its previous closing price of 0.51. However, the company has seen a 31.72% increase in its stock price over the last five trading sessions. proactiveinvestors.com reported 2025-03-13 that Ocean Power Technologies Inc (NYSE-A:OPTT) said on Thursday it has secured a contract with a new European offshore services provider for the near-term delivery of a fully integrated WAM-V system. The deal marks the company’s expansion into the European Union, where it is working with end customers and resellers.
OPTT’s Market Performance
OPTT’s stock has risen by 31.72% in the past week, with a monthly drop of -24.94% and a quarterly rise of 100.03%. The volatility ratio for the week is 11.18% while the volatility levels for the last 30 days are 11.05% for Ocean Power Technologies The simple moving average for the last 20 days is 4.05% for OPTT stock, with a simple moving average of 62.47% 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 -21.78% 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 -65.90% of loss for the given period.
Volatility was left at 11.05%, however, over the last 30 days, the volatility rate increased by 11.18%, as shares sank -17.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.22% lower at present.
During the last 5 trading sessions, OPTT rose by +34.61%, which changed the moving average for the period of 200-days by +201.88% in comparison to the 20-day moving average, which settled at $0.5741. In addition, Ocean Power Technologies saw -41.50% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OPTT starting from Slaiby Peter E., who purchase 35,000 shares at the price of $0.19 back on Nov 25 ’24. After this action, Slaiby Peter E. now owns 241,871 shares of Ocean Power Technologies, valued at $6,713 using the latest closing price.
Cryan Terence James, the Director of Ocean Power Technologies, purchase 100,000 shares at $0.15 during a trade that took place back on Nov 13 ’24, which means that Cryan Terence James is holding 358,658 shares at $14,800 based on the most recent closing price.
Stock Fundamentals for OPTT
Current profitability levels for the company are sitting at:
- -3.23 for the present operating margin
- 0.41 for the gross margin
The net margin for Ocean Power Technologies stands at -3.05. The total capital return value is set at -0.97. Equity return is now at value -80.33, with -64.89 for asset returns.
Based on Ocean Power Technologies (OPTT), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -10.82.
Currently, EBITDA for the company is -28.24 million with net debt to EBITDA at -0.01. When we switch over and look at the enterprise to sales, we see a ratio of 12.54. The receivables turnover for the company is 3.79for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.
Conclusion
In conclusion, Ocean Power Technologies (OPTT) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
