In the last trading session, 333.3 million Ocean Power Technologies (AMEX:OPTT) shares changed hands as the company’s beta touched 2.86. With the company’s per share price at $0.70 changed hands at $0.2 or 40.00% during last session, the market valuation stood at $119.87M. OPTT’s last price was a premium, traded about 18.57% off its 52-week high of $0.57. The share price had its 52-week low at $0.12, which suggests the last value was 82.86% up since then. When we look at Ocean Power Technologies’s average trading volume, we note the 10-day average is 61.71 million shares, with the 3-month average coming to 12.83 million.
Ocean Power Technologies (AMEX:OPTT) trade information
Instantly OPTT was in green as seen at the end of in last trading. With action 349.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 121.52%, with the 5-day performance at 349.58% in the green. However, in the 30-day time frame, Ocean Power Technologies (AMEX:OPTT) is 367.60% up. Looking at the short shares, we see there were 2.8 million shares sold at short interest cover period of 1.33 days.
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Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 45.31%.
OPTT Dividends
Ocean Power Technologies is expected to release its next quarterly earnings report in January.
Ocean Power Technologies (AMEX:OPTT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.92% of Ocean Power Technologies shares while 3.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 3.52%. There are 3.41% institutions holding the Ocean Power Technologies stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.9894% of the shares, roughly 1.76 million OPTT shares worth $0.34 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 0.9809% or 0.58 million shares worth $0.11 million as of 2024-06-30.
