In last trading session, Ocean Power Technologies (AMEX:OPTT) saw 1.25 million shares changing hands with its beta currently measuring 2.19. Company’s recent per share price level of $0.16 trading at $0.0 or -0.63% at ring of the bell on the day assigns it a market valuation of $15.79M. That closing price of OPTT’s stock is at a discount of -256.25% from its 52-week high price of $0.57 and is indicating a premium of 25.0% 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 2.26 million shares which gives us an average trading volume of 4.63 million if we extend that period to 3-months.
Ocean Power Technologies (AMEX:OPTT) trade information
Upright in the red during last session for losing -0.63%, in the last five days OPTT remained trading in the green while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $0.16 price level, adding 3.03% to its value on the day. Ocean Power Technologies’s shares saw a change of -49.68% in year-to-date performance and have moved 4.95% in past 5-day. Ocean Power Technologies (AMEX:OPTT) showed a performance of -13.77% in past 30-days. Number of shares sold short was 5.95 million shares which calculate 0.99 days to cover the short interests.
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Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 45.31% during past 5 years.
Ocean Power Technologies (AMEX:OPTT)’s Major holders
Insiders are in possession of 3.62% of company’s total shares while institution are holding 14.61 percent of that, with stock having share float percentage of 15.16%. Investors also watch the number of corporate investors in a company very closely, which is 14.61% 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.
