Currently, Ocean Power Technologies [OPTT] is trading at $0.36, down -9.07%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The OPTT shares have gain 125.69% over the last week, with a monthly amount glided 108.01%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Ascendiant Capital Markets started tracking the stock with Strong Buy rating on May 09, 2013, and set its price target to $5. On July 17, 2008, UBS reiterated its Buy rating and revised its price target to $14 on the stock. Bear Stearns downgraded its rating to a Underperform. UBS reiterated its recommendation of a Buy and reduced its price target to $19 on March 20, 2008. B. Riley & Co started tracking with a Buy rating for this stock on August 20, 2007, and assigned it a price target of $18.50. In a note dated June 14, 2007, Bear Stearns initiated an Outperform rating and provided a target price of $20 on this stock.
This stock has fluctuated between a low of $0.12 and a high of $0.77 over the last 52 weeks. Ocean Power Technologies [AMEX: OPTT] shares were valued at $0.36 at the most recent close of the market.
Analyzing the OPTT fundamentals
Trailing Twelve Months sales for Ocean Power Technologies [AMEX:OPTT] were 4.93M which represents 144.14% growth. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -6.59%, Pretax Profit Margin comes in at -6.4%, and Net Profit Margin reading is -6.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.87, Equity is -0.86 and Total Capital is -1.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.3315 points at the first support level, and at 0.3019 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4053, and for the 2nd resistance point, it is at 0.4495.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ocean Power Technologies [AMEX:OPTT] is 2.49. Also, the Quick Ratio is 2.00, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 4.36, the price to book ratio is 0.85.
Transactions by insiders
Recent insider trading involved Slaiby Peter E., Director, that happened on Sep 28 ’23 when 25000.0 shares were purchased. Senior VP and CFO, Powers Robert Patrick completed a deal on Sep 18 ’23 to buy 12345.0 shares. Meanwhile, President and CEO Stratmann Philipp bought 12115.0 shares on Sep 15 ’23.
