In last trading session, Ocean Power Technologies (AMEX:OPTT) saw 13.42 million shares changing hands with its beta currently measuring 2.95. Company’s recent per share price level of $0.31 trading at -$0.01 or -1.80% at ring of the bell on the day assigns it a market valuation of $45.48M. That closing price of OPTT’s stock is at a discount of -164.52% from its 52-week high price of $0.82 and is indicating a premium of 61.29% 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 20.3 million shares which gives us an average trading volume of 23.10 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 -1.80%, in the last five days OPTT remained trading in the green while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $0.31 price level, adding 19.48% to its value on the day. Ocean Power Technologies’s shares saw a change of -1.46% in year-to-date performance and have moved 6.10% in past 5-day. Ocean Power Technologies (AMEX:OPTT) showed a performance of 107.60% in past 30-days. Number of shares sold short was 10.56 million shares which calculate 0.38 days to cover the short interests.

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.