Ocean Power Technologies saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $0.77 on 07/18/23, while the lowest price for the same duration was marked at $0.12 on 06/20/24.
52-week price history of OPTT Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Ocean Power Technologies’s current trading price is -50.59% away from its 52-week high, while its distance from the 52-week low is 216.67%. The stock’s price range during the 52-week period has remained between $0.12 and $0.77. In the Industrials sector, the company’s shares saw a trading volume of around 7.61 million for the day, which was evidently lower than the average daily volume of 28.88 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Ocean Power Technologies (OPTT) has experienced a quarterly rise of 58.47% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 34.37M and boasts a workforce of 72 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2357, with a change in price of +0.0286. Similarly, Ocean Power Technologies recorded 18,158,387 in trading volume during the last 100 days, posting a change of +8.19%.
Examining OPTT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Ocean Power Technologies’s raw stochastic average for the past 50 days is presently 57.40%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 57.40%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 58.60% and 61.28%, respectively.
OPTT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a gain of 20.25%.However, over the last six months, we can see a weaker performance of 25.33%. Over the last 30 days, the price of OPTT has fallen by 161.17%. And in the last five days, it has surged by 5.23%.
