How To Know If Ocean Power Technologies (AMEX:OPTT) Is Expensive At $0.18.

In recent trading session, Ocean Power Technologies (AMEX:OPTT) saw 0.48 million shares changing hands at last check today with its beta currently measuring 2.18. Company’s recent per share price level of $0.18 trading at $0.0 or 2.90% at last check today assigns it a market valuation of $17.31M. That most recent trading price of OPTT’s stock is at a discount of -216.67% from its 52-week high price of $0.57 and is indicating a premium of 33.33% from its 52-week low price of $0.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.43 million shares which gives us an average trading volume of 29.97 million if we extend that period to 3-months.

Ocean Power Technologies (AMEX:OPTT) trade information

Upright in the green today for gaining 2.90%, in the last five days OPTT remained trading in the red while hitting it’s week-highest on Tuesday, 09/03/24 when the stock touched $0.18 price level, adding 4.56% to its value on the day. Ocean Power Technologies’s shares saw a change of -42.69% in year-to-date performance and have moved -3.05% in past 5-day. Ocean Power Technologies (AMEX:OPTT) showed a performance of -19.83% in past 30-days. Number of shares sold short was 5.68 million shares which calculate 0.75 days to cover the short interests.

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Ocean Power Technologies (AMEX:OPTT)’s Major holders

Insiders are in possession of 3.72% of company’s total shares while institution are holding 4.09 percent of that, with stock having share float percentage of 4.24%. Investors also watch the number of corporate investors in a company very closely, which is 4.09% institutions for Ocean Power Technologies that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at OPTT for having 1.76 million shares of worth $0.34 million. And as of 2024-06-30, it was holding 2.9894 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 0.58 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.9809 of outstanding shares, having a total worth of $0.11 million.