A share price of Ocean Power Technologies [OPTT] is currently trading at $0.51, down -2.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The OPTT shares have lost -1.38% over the last week, with a monthly amount drifted -7.30%, and not 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.
Ocean Power Technologies experienced fluctuations in its stock price throughout the past year between $0.14 and $1.75. Ocean Power Technologies [AMEX: OPTT] shares were valued at $0.51 at the most recent close of the market.
Analyzing the OPTT fundamentals
Trailing Twelve Months sales for Ocean Power Technologies [AMEX:OPTT] were 5.86M which represents -16.28% decline. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at -3.7%, Pretax Profit Margin comes in at -3.85%, and Net Profit Margin reading is -3.67%. To continue investigating profitability, this company’s Return on Assets is posted at -0.7, Equity is -0.86 and Total Capital is -0.79.
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 0.4960 points at the first support level, and at 0.4840 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.5300, and for the 2nd resistance point, it is at 0.5520.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ocean Power Technologies [AMEX:OPTT] is 4.14. On the other hand, the Quick Ratio is 2.86, and the Cash Ratio is 2.04. Considering the valuation of this stock, the price to sales ratio is 15.66, the price to book ratio is 3.26.
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.
