A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price loss of -9.49% this year. Over the last six months, there has been a stronger performance of -30.57%. The price of OPTT leaped by -7.77% during the last 30 days period. For the last 5-days stocks have slided -2.36%.
Ocean Power Technologies ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $0.77 on 07/18/23, while the lowest value for the same period was recorded at $0.25 on 11/02/23.
52-week price history of OPTT Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Ocean Power Technologies’s current trading price is -62.81% away from its 52-week high, while its distance from the 52-week low is 15.79%. The stock’s price range during this period has varied between$0.25 and $0.77. The Ocean Power Technologies’s shares, which operate in the Industrials, saw a trading volume of around 0.63 million for the day, a figure considerably higher than their average daily volume of 0.35 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Ocean Power Technologies (OPTT) has experienced a quarterly decline of -14.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 17.01M and boasts a workforce of 72 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3088, with a change in price of -0.0625. Similarly, Ocean Power Technologies recorded 311,614 in trading volume during the last 100 days, posting a change of -17.93%.
OPTT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for OPTT stands at 0.11. Similarly, the long-term debt-to-equity ratio is also 0.08.
OPTT Stock Stochastic Average
As of today, Ocean Power Technologies’s raw stochastic average for the last 50 days stands at 30.00%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 51.43%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 58.29% and 52.39%, respectively.
