In the last trading session, 4,231,529 shares of the Ocean Power Technologies, Inc.(NASDAQ:OPTT) were traded, and its beta was 3.07. Most recently the company’s share price was $4.15, and it changed around -$0.49 or -0.11% from the last close, which brings the market valuation of the company to $129.19 Million. OPTT currently trades at a discount to its 52-week high of $7.3, offering almost -75.9% off that amount. The share price’s 52-week low was $0.33, which indicates that the current value has risen by an impressive 92.05% since then. We note from Ocean Power Technologies, Inc.’s average daily trading volume that its 10-day average is 5.2 Million shares, with the 3-month average coming to 10.97 Million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Ocean Power Technologies, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 1 recommended OPTT as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Ocean Power Technologies, Inc. is expected to report earnings per share of $0 for the current quarter.

Ocean Power Technologies, Inc. (NASDAQ:OPTT): Trading Information

Although OPTT has showed a red trend with a performance of -10.56% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $5.30- on Tuesday, Feb 16 increased the stock’s daily price by 21.7%. The company’s shares are currently up 0.54% year-to-date, but still down -0.2019 over the last five days. On the other hand, Ocean Power Technologies, Inc. (NASDAQ:OPTT) is -0.26% down in the 30-day period. We can see from the shorts that 3.37 Million shares have been sold at a short interest cover period of 0.31 day(s).

The consensus price target as assigned by Wall Street analysts is $1200, which translates to bears needing to increase their stock price by 28815.66% from its current value. Analyst projections state that OPTT is forecast to be at a low of $1200 and a high of $1200. In order for the stock price to hit the forecast high, the stock would need to surge +28815.66% from its current level, while the stock would need to crash 28815.66% from its current level to reach the projected low.

Ocean Power Technologies, Inc. (OPTT) projections and forecasts

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 60.5%. Ocean Power Technologies, Inc. earnings are expected to increase by 84.9% in 2021, but the outlook is negative 0% per year for the next five years.

Ocean Power Technologies, Inc. (NASDAQ:OPTT)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 0.05% of Ocean Power Technologies, Inc. shares, and 0.99% of them are in the hands of institutional investors. The stock currently has a share float of 0.99%. Ocean Power Technologies, Inc. stock is held by 17 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 2.86% of the shares, which is about 880.01 Thousand shares worth $2.37 Million.

Vanguard Group, Inc. (The), with 1.86% or 572.99 Thousand shares worth $1.54 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 133112 shares worth $358.07 Thousand, making up 0.43% of all outstanding shares. On the other hand, Fidelity Total Market Index Fund held roughly 32.05 Thousand shares worth around $86.2 Thousand, which represents about 0.1% of the total shares outstanding.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

LEAVE A REPLY

Please enter your comment!
Please enter your name here