Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Ocean Power Technologies’s current trading price is -71.85% away from its 52-week high, while its distance from the 52-week low is 310.58%. The stock’s price range during this period has varied between $0.12 and $1.75. The company, active in the Industrials sector, saw a trading volume of around 2.7 million for the day, considerably lower average daily volume of 26.15 million observed over the last three months.
Ocean Power Technologies had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $1.75 on 01/06/25, while the lowest price during the same period was $0.12 on 06/20/24.
How Financial Performance Impacts Market Capitalization
Ocean Power Technologies (OPTT) has experienced a quarterly rise of 44.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 72.00M and boasts a workforce of 43 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5088, with a change in price of +0.3270. Similarly, Ocean Power Technologies recorded 28,249,080 in trading volume during the last 100 days, posting a change of +204.25%.
How OPTT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation 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 0.06.
OPTT Stock Stochastic Average
As of today, the raw stochastic average of Ocean Power Technologies over the last 50 days is at 4.12%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 13.71%. Further, the company’s Stochastic %K and %D values for the last 20 days were 8.82% and 6.78%, 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. This year’s metric has recorded a Price decrease of -51.70%. However, over the past six months, we’ve seen a weaker performance of 173.72%. The price of OPTT leaped by -38.03% over the last 30 days. And in the last five days, it has fallen by -10.90%.
