Ocean Power Technologies [OPTT] stock is trading at $0.18, up 1.28%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The OPTT shares have gain 3.58% over the last week, with a monthly amount drifted -4.05%, and not 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.
Ocean Power Technologies [OPTT] stock has fluctuated between $0.12 and $0.57 over the past year. Ocean Power Technologies [AMEX: OPTT] shares were valued at $0.18 at the most recent close of the market.
Analyzing the OPTT fundamentals
Ocean Power Technologies [AMEX:OPTT] reported sales of 5.53M for the trailing twelve months, which represents a growth of 60.41%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at -5.31%, Pretax Profit Margin comes in at -5.2%, and Net Profit Margin reading is -4.97%. To continue investigating profitability, this company’s Return on Assets is posted at -0.96, Equity is -0.96 and Total Capital is -1.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 0.1764 points at the first support level, and at 0.1704 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1869, and for the 2nd resistance point, it is at 0.1914.
Ratios To Look Out For
For context, Ocean Power Technologies’s Current Ratio is 1.43. In addition, the Quick Ratio stands at 0.78 and the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 3.15, the price to book ratio is 0.58.
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.
