For the readers interested in the stock health of Ocean Power Technologies Inc. (OPTT). It is currently valued at $2.09. When the transactions were called off in the previous session, Stock hit the highs of $2.28, after setting-off with the price of $2.22. Company’s stock value dipped to $2.11 during the trading on the day. When the trading was stopped its value was $2.15.
Recently in News on September 18, 2020, Ocean Power Technologies Enters Into a New $12.5 Million Common Stock Purchase Agreement With Aspire Capital Fund. New Agreement Provides Flexible Access to Funding at a Lower Cost of Capital. You can read further details here
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Ocean Power Technologies Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.72 on 10/07/20, with the lowest value was $0.33 for the same time period, recorded on 04/22/20.
Ocean Power Technologies Inc. (OPTT) full year performance was 39.93%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Ocean Power Technologies Inc. shares are logging -43.95% during the 52-week period from high price, and 533.74% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.33 and $3.72.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 849462 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Ocean Power Technologies Inc. (OPTT) recorded performance in the market was 147.70%, having the revenues showcasing 172.78% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 49.91M, as it employees total of 29 workers.
Analysts verdict on Ocean Power Technologies Inc. (OPTT)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.11, with a change in the price was noted +1.61. In a similar fashion, Ocean Power Technologies Inc. posted a movement of +352.93% for the period of last 100 days, recording 7,323,905 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for OPTT is recording 0.09 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.05.
Ocean Power Technologies Inc. (OPTT): Technical Analysis
Raw Stochastic average of Ocean Power Technologies Inc. in the period of last 50 days is set at 43.38%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 40.15%. In the last 20 days, the company’s Stochastic %K was 42.44% and its Stochastic %D was recorded 43.04%.
Let’s take a glance in the erstwhile performances of Ocean Power Technologies Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 147.70%. Additionally, trading for the stock in the period of the last six months notably improved by 449.04%, alongside a boost of 39.93% for the period of the last 12 months. The shares increased approximately by -6.30% in the 7-day charts and went down by 118.34% in the period of the last 30 days. Common stock shares were driven by 172.78% during last recorded quarter.