Ocean Power Technologies (OPTT): What Makes The Stock Good?

Ocean Power Technologies (AMEX:OPTT) has a beta value of 2.16 and has seen 89.79 million shares traded in the last trading session. The company, currently valued at $11.64M, closed the last trade at $0.20 per share which meant it gained $0.04 on the day or 22.38% during that session. The OPTT stock price is -285.0% off its 52-week high price of $0.77 and 40.0% above the 52-week low of $0.12. The 3-month trading volume is 10.01 million shares.

Ocean Power Technologies (AMEX:OPTT) trade information

Sporting 22.38% in the green in last session, the stock has traded in the green over the last five days, when the OPTT stock price touched $0.20 or saw a rise of 25.93%. Year-to-date, Ocean Power Technologies shares have moved -38.04%, while the 5-day performance has seen it change 50.62%. Over the past 30 days, the shares of Ocean Power Technologies (AMEX:OPTT) have changed 3.76%.

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Ocean Power Technologies (OPTT) estimates and forecasts

The company’s shares have lost -41.24% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 48.68% over the past 5 years.

OPTT Dividends

Ocean Power Technologies is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.