Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Ocean Power Technologies’s current trading price is -72.93% away from its 52-week high, while its distance from the 52-week low is -8.04%. The stock’s price range over this period has fluctuated between $0.23 and $0.77. The company, operating within the financial sector, had a trading volume of approximately 8.33 million for the day, which was noticeably higher than the average daily share volume of 0.41 million over the last 3 months.
Ocean Power Technologies’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $0.77 on 07/18/23 and a low of $0.23 for the same time frame on 04/16/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Ocean Power Technologies (OPTT) has experienced a quarterly decline of -28.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.38M and boasts a workforce of 72 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3019, with a change in price of -0.0924. Similarly, Ocean Power Technologies recorded 426,924 in trading volume during the last 100 days, posting a change of -30.74%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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
Today’s raw stochastic average for Ocean Power Technologies over the last 50 days is 0.06%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 0.09%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 2.45% and 3.41%, respectively.
OPTT Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant loss of -34.11% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -42.49%. Over the past 30 days, the price of OPTT has leaped by -30.48%. And in the last five days, it has fallen by -15.61%.
