In recent trading session, Ocean Power Technologies (AMEX:OPTT) saw 16.75 million shares changing hands at last check today with its beta currently measuring 2.57. Company’s recent per share price level of $0.45 trading at $0.08 or 20.89% at last check today assigns it a market valuation of $56.25M. That most recent trading price of OPTT’s stock is at a discount of -26.67% from its 52-week high price of $0.57 and is indicating a premium of 73.33% 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 52.94 million shares which gives us an average trading volume of 11.30 million if we extend that period to 3-months.

Ocean Power Technologies (AMEX:OPTT) trade information

Ocean Power Technologies’s shares saw a change of 41.01% in year-to-date performance and have moved 189.35% in past 5-day. Ocean Power Technologies (AMEX:OPTT) showed a performance of 199.26% in past 30-days. Number of shares sold short was 2.8 million shares which calculate 1.33 days to cover the short interests.

Ocean Power Technologies (OPTT) estimates and forecasts

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 2.92% of company’s total shares while institution are holding 3.41 percent of that, with stock having share float percentage of 3.52%. Investors also watch the number of corporate investors in a company very closely, which is 3.41% 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.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.0 shares of worth $0.46 million or 1.96% of the total outstanding shares. The later fund manager was in possession of 753.87 shares on Jun 30, 2024 , making its stake of worth around $0.35 million in the company or a holder of 1.48% of company’s stock.