The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Ocean Power Technologies’s current trading price is -75.23% away from its 52-week high, while its distance from the 52-week low is 17.50%. The stock’s price range for this period has been between $0.12 and $0.57 The company’s shares, which are part of the Industrials sector, had a trading volume of approximately 1.08 million for the day, a number notably lower than the average daily volume of 3.39 million over the last three months.
Ocean Power Technologies experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $0.57 on 07/02/24, while the lowest price for the same period was registered at $0.12 on 06/20/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Ocean Power Technologies (OPTT) has experienced a quarterly decline of -29.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.00M and boasts a workforce of 43 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2130, with a change in price of -0.0377. Similarly, Ocean Power Technologies recorded 16,289,042 in trading volume during the last 100 days, posting a change of -20.81%.
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 0.07.
OPTT Stock Stochastic Average
Ocean Power Technologies’s raw stochastic average for the past 50 days is presently 2.53%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 14.29%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 11.43% and 18.62%, 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 index has shown a price loss of -55.38% this year. Over the last six months, there has been a stronger performance of -24.56%. The price of OPTT leaped by -11.32% during the last 30 days period. For the last 5-days stocks have slided -4.21%.
