At the time of writing, Ocean Power Technologies [OPTT] stock is trading at $0.92, down -0.13%. 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 20.22% over the last week, with a monthly amount glided 217.73%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Ocean Power Technologies fluctuated between $0.12 and $1.75. Ocean Power Technologies [AMEX: OPTT] shares were valued at $0.92 at the most recent close of the market.
Analyzing the OPTT fundamentals
According to Ocean Power Technologies [AMEX:OPTT], the company’s sales were 7.08M for trailing twelve months, which represents an 171.99% jump. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -3.23%, Pretax Profit Margin comes in at -3.23%, and Net Profit Margin reading is -3.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.8, Equity is -0.97 and Total Capital is -0.97. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.11.
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 0.8639 points at the first support level, and at 0.8120 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9787, and for the 2nd resistance point, it is at 1.0416.
Ratios To Look Out For
It is important to note that Ocean Power Technologies [AMEX:OPTT] has a current ratio of 2.79. As well, the Quick Ratio is 1.37, while the Cash Ratio is 0.62. Considering the valuation of this stock, the price to sales ratio is 18.90, the price to book ratio is 5.16.
Transactions by insiders
Recent insider trading involved Slaiby Peter E., Director, that happened on Nov 25 ’24 when 35000.0 shares were purchased. Director, Cryan Terence James completed a deal on Nov 13 ’24 to buy 100000.0 shares.
