Ocean Power Technologies (AMEX:OPTT) has a beta value of 2.22 and has seen 22.23 million shares traded in the last trading session. The company, currently valued at $19.87M, closed the last trade at $0.16 per share which meant it gained $0.01 on the day or 1.10% during that session. The OPTT stock price is -256.25% off its 52-week high price of $0.57 and 25.0% above the 52-week low of $0.12. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.59 million shares traded. The 3-month trading volume is 3.46 million shares.
Ocean Power Technologies (AMEX:OPTT) trade information
Sporting 1.10% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the OPTT stock price touched $0.16 or saw a rise of 15.79%. Year-to-date, Ocean Power Technologies shares have moved -50.73%, while the 5-day performance has seen it change 11.21%. Over the past 30 days, the shares of Ocean Power Technologies (AMEX:OPTT) have changed 4.43%. Short interest in the company has seen 3.62 million shares shorted with days to cover at 1.39.
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Ocean Power Technologies (OPTT) estimates and forecasts
The company’s shares have lost -18.95% 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 45.31% over the past 5 years.
OPTT Dividends
Ocean Power Technologies is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Ocean Power Technologies (AMEX:OPTT)’s Major holders
Insiders own 2.90% of the company shares, while shares held by institutions stand at 11.66% with a share float percentage of 12.01%. Investors are also buoyed by the number of investors in a company, with Ocean Power Technologies having a total of 42.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 1.76 million shares worth more than $0.34 million. As of 2024-06-30, VANGUARD GROUP INC held 2.9894% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 0.58 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.11 million and represent 0.9809% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 1.96% shares in the company for having 1.0 shares of worth $0.16 million while later fund manager owns 753.87 shares of worth $0.12 million as of Jun 30, 2024 , which makes it owner of about 1.48% of company’s outstanding stock.
