Hold Ocean Power Technologies Inc. [OPTT] Stock Before Shares Hit Major Turbulence

Ocean Power Technologies Inc. [OPTT] has traded in a range of $0.33 to $4.46 in the last 1 year. As of this writing, the stock is at $2.57, up 1.18%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, OPTT shares are -14.90% down with the monthly amount drift of 48.55% and seems well in a long time frame.

On 23, November 2020, Ocean Power Technologies Expands Commercial Team With Southern Europe-Based Representative. According to news published on Yahoo Finance, Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NASDAQ: OPTT), a leader in innovative and cost-effective ocean energy solutions, today announced that Jorge Franco has joined the Company as Regional Sales Representative based in Spain. Reporting to OPT Vice President, Global Sales Jeff Wiener, Mr. Franco will concentrate on opportunities in Southern Europe.

Analyst Birdseye View:

The most recent analyst activity for Ocean Power Technologies Inc. [NASDAQ:OPTT] stock was on May 09, 2013, when it was Initiated with a Strong buy rating from Ascendiant Capital Markets, which also raised its 12-month price target on the stock to $5. On July 17, 2008, UBS Reiterated a Buy rating and plunged its price target on this stock from $19 to $14. On April 07, 2008, Bear Stearns Downgrade an Underperform rating. On March 20, 2008, UBS Reiterated a Buy rating and decreased its price target to $19. On August 20, 2007, B. Riley & Co Initiated a Buy rating and boosted its amount on this stock to $18.50. On June 14, 2007, Bear Stearns Initiated an Outperform rating and boosted its target amount on this stock to $20. On June 05, 2007, UBS Initiated a Buy rating and improved its amount target to $20.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.33 and a peak of $4.46. Right now, the middling Wall Street analyst 12-month amount mark is $1200.00. At the most recent market close, shares of Ocean Power Technologies Inc. [NASDAQ:OPTT] were valued at $2.57.

FUNDAMENTAL ANALYSIS

Ocean Power Technologies Inc. [NASDAQ:OPTT] most recently reported quarterly sales of 169.0 million, which represented growth of 0.00%. This publicly-traded organization’s revenue is $46,722 per employee, while its income is -$287,556 per employee. This company’s Gross Margin is currently -6.40%, its Pretax Margin is -668.67, and its Net Margin is -615.46. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -64.89, -78.82, -82.43 and -75.71 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 11.08 and the whole liability to whole assets at 9.65. It shows enduring liability to the whole principal at 9.14 and enduring liability to assets at 0.08 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 2.30 points at 1st support level, the second support level is making up to 2.03. But as of 1st resistance point, this stock is sitting at 2.78 and at 2.99 for 2nd resistance point.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Ocean Power Technologies Inc. [NASDAQ:OPTT] is 4.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 5.63. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.91 and it’s amount to book ratio is 0.55.