Ocean Power Technologies experienced a rather steady stock market performance. The highest value in the past year was recorded at $0.57 on 12/02/24 and the lowest value was $0.12 on 06/20/24.
52-week price history of OPTT Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Ocean Power Technologies’s current trading price is 22.96% away from its 52-week high, while its distance from the 52-week low is 483.33%. The stock’s price range during this period has spanned from $0.12 to $0.57. In the Industrials sector, the Ocean Power Technologies’s shares surpassed a trading volume of approximately 333.3 million for the day, which was noticeably higher compared to the average daily volume of 9.12.83 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 286.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 119.87M 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 0.2060, with a change in price of +0.3199. Similarly, Ocean Power Technologies recorded 13,749,891 in trading volume during the last 100 days, posting a change of +84.16%.
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
Today’s raw stochastic average for Ocean Power Technologies over the last 50 days is 82.84%.This indicates a increase from the raw stochastic average of the past 20 days, which was 82.84%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 84.95% and 85.11%, respectively.
OPTT Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The metric has seen a significant gain of 121.52% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 276.34%. Over the past 30 days, the price of OPTT has fallen by 367.60%. And in the last five days, it has surged by 349.58%.
