Ocean Power Technologies experienced a rather shaky stock market performance. The highest value in the past year was recorded at $0.57 on 07/02/24 and the lowest value was $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 -73.74% away from its 52-week high, while its distance from the 52-week low is 24.58%. The stock’s price range during the 52-week period has remained between $0.12 and $0.57. In the Industrials sector, the company’s shares saw a trading volume of around 0.87 million for the day, which was evidently lower than the average daily volume of 3.39 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 decline of -21.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.85M and boasts a workforce of 43 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 0.2128, with a change in price of +0.0222. Similarly, Ocean Power Technologies recorded 20,322,611 in trading volume during the last 100 days, posting a change of +17.48%.
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 0.07.
OPTT Stock Stochastic Average
As of today, Ocean Power Technologies’s raw stochastic average for the last 50 days stands at 6.53%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 24.90%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 21.27% and 20.84%, respectively.
OPTT Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. The index has shown a price loss of -52.69% this year. Over the last six months, there has been a stronger performance of -20.90%. The price of OPTT leaped by -1.32% during the last 30 days period. For the last 5-days stocks have improved 3.68%.
