A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -57.73% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 190.76%. Over the past 30 days, the price of OPTT has fallen by 4.66%. And in the last five days, it has fallen by -0.12%.
Ocean Power Technologies ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $1.75 on 01/06/25, while the lowest value for the same period was recorded at $0.12 on 06/20/24.
52-week price history of OPTT Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Ocean Power Technologies’s current trading price is -75.36% away from its 52-week high, while its distance from the 52-week low is 259.33%. The stock’s price range during this period has varied between$0.12 and $1.75. The Ocean Power Technologies’s shares, which operate in the Industrials, saw a trading volume of around 1.07 million for the day, a figure considerably lower than their average daily volume of 5.93 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Ocean Power Technologies (OPTT) has experienced a quarterly decline of -34.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 74.19M and boasts a workforce of 43 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5932, with a change in price of +0.0661. Similarly, Ocean Power Technologies recorded 17,866,643 in trading volume during the last 100 days, posting a change of +17.97%.
OPTT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for OPTT stands at 0.07. Similarly, the long-term debt-to-equity ratio is also 0.03.
OPTT Stock Stochastic Average
Ocean Power Technologies’s raw stochastic average for the past 50 days is presently 31.41%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 69.46%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 63.54% and 60.67%, respectively.
