Currently, Ocean Power Technologies [OPTT] is trading at $0.15, up 0.54%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The OPTT shares have gain 0.40% over the last week, with a monthly amount drifted -0.60%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $0.57 over the last 52 weeks. Ocean Power Technologies [AMEX: OPTT] shares were valued at $0.15 at the most recent close of the market.
Analyzing the OPTT fundamentals
Trailing Twelve Months sales for Ocean Power Technologies [AMEX:OPTT] were 5.55M which represents 2.28% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at -4.76%, Pretax Profit Margin comes in at -4.71%, and Net Profit Margin reading is -4.48%. To continue investigating profitability, this company’s Return on Assets is posted at -0.85, Equity is -1.01 and Total Capital is -1.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 0.1452 points at the first support level, and at 0.1408 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1543, and for the 2nd resistance point, it is at 0.1590.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ocean Power Technologies [AMEX:OPTT] is 2.16. As well, the Quick Ratio is 1.05, while the Cash Ratio is 0.62. Considering the valuation of this stock, the price to sales ratio is 2.68, the price to book ratio is 0.64.
