Ocean Power Technologies (AMEX:OPTT) has a beta value of 2.90 and has seen 34.55 million shares traded in the last trading session. The company, currently valued at $46.61M, closed the last trade at $0.32 per share which meant it lost -$0.02 on the day or -5.52% during that session. The OPTT stock price is -156.25% off its 52-week high price of $0.82 and 62.5% 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 65.36 million shares traded. The 3-month trading volume is 22.73 million shares.
Ocean Power Technologies (AMEX:OPTT) trade information
Over the past 30 days, the shares of Ocean Power Technologies (AMEX:OPTT) have changed 125.35%. Short interest in the company has seen 10.56 million shares shorted with days to cover at 0.38.
Ocean Power Technologies (OPTT) estimates and forecasts
The company’s shares have gained 144.09% 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 January 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 2.92% of the company shares, while shares held by institutions stand at 3.41% with a share float percentage of 3.52%. Investors are also buoyed by the number of investors in a company, with Ocean Power Technologies having a total of 41.0 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 Sep 30, 2024 , the former fund manager holds about 1.96% shares in the company for having 1.0 shares of worth $0.32 million while later fund manager owns 753.87 shares of worth $0.24 million as of Sep 30, 2024 , which makes it owner of about 1.48% of company’s outstanding stock.
