In the last trading session, 292.34 million shares of the Ocean Power Technologies (AMEX:OPTT) were traded, and its beta was 2.89. Most recently the company’s share price was $0.88, and it changed around $0.4 or 84.56% from the last close, which brings the market valuation of the company to $135.31M. OPTT currently trades at a discount to its 52-week high of $0.82, offering almost 6.82% off that amount. The share price’s 52-week low was $0.12, which indicates that the current value has risen by an impressive 86.36% since then. We note from Ocean Power Technologies’s average daily trading volume that its 10-day average is 59.15 million shares, with the 3-month average coming to 26.26 million.
Ocean Power Technologies (AMEX:OPTT) trade information
Instantly OPTT has showed a green trend with a performance of 84.56% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.9500 on recent trading dayincreased the stock’s daily price by 7.37%. The company’s shares are currently up 178.48% year-to-date, but still up 162.30% over the last five days. On the other hand, Ocean Power Technologies (AMEX:OPTT) is 138.74% up in the 30-day period. We can see from the shorts that 10.56 million shares have been sold at a short interest cover period of 0.38 day(s).
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 45.31%.
OPTT Dividends
Ocean Power Technologies’s next quarterly earnings report is expected to be released in January.
Ocean Power Technologies (AMEX:OPTT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.92% of Ocean Power Technologies shares, and 3.41% of them are in the hands of institutional investors. The stock currently has a share float of 3.52%. Ocean Power Technologies stock is held by 41.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.9894% of the shares, which is about 1.76 million shares worth $0.34 million.
BLACKROCK INC., with 0.9809% or 0.58 million shares worth $0.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
