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 gain of 132.96% this year. Over the last six months, there has been a stronger performance of -41.67%. The price of OPTT leaped by -9.91% during the last 30 days period. For the last 5-days stocks have slided -10.61%.
Ocean Power Technologies saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $1.75 on 01/06/25, while the lowest price for the same duration was marked at $0.14 on 10/01/24.
52-week price history of OPTT Stock
Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Ocean Power Technologies’s current trading price is -72.46% away from its 52-week high, while its distance from the 52-week low is 244.53%. The stock’s price range during this time has been between $0.14 and $1.75. The trading volume for the Industrials sector company’s shares reached about 5.39 million for the day, which was higher than the average daily volume of 5.31 million over the last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Ocean Power Technologies (OPTT) has experienced a quarterly rise of 2.51% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 85.58M and boasts a workforce of 53 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 0.5084, with a change in price of -0.0210. Similarly, Ocean Power Technologies recorded 5,017,154 in trading volume during the last 100 days, posting a change of -4.17%.
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 0.02.
OPTT Stock Stochastic Average
Today’s raw stochastic average for Ocean Power Technologies over the last 50 days is 6.82%.This indicates a increase from the raw stochastic average of the past 20 days, which was 0.48%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 3.94% and 4.28%, respectively.
