During the last session, Ocean Power Technologies (AMEX:OPTT)’s traded shares were 19.25 million, with the beta value of the company hitting 2.61. At the end of the trading day, the stock’s price was $0.95, reflecting an intraday gain of 3.79% or $0.03. The 52-week high for the OPTT share is $1.75, that puts it down -84.21 from that peak though still a striking 87.37% gain since the share price plummeted to a 52-week low of $0.12. The company’s market capitalization is $138.88M, and the average intraday trading volume over the past 10 days was 26.02 million shares, and the average trade volume was 40.82 million shares over the past three months.
Ocean Power Technologies (AMEX:OPTT) trade information
Ocean Power Technologies (OPTT) registered a 3.79% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.79% in intraday trading to $0.95, hitting a weekly high. The stock’s 5-day price performance is 7.21%, and it has moved by 199.72% in 30 days. Based on these gigs, the overall price performance for the year is 234.65%. The short interest in Ocean Power Technologies (AMEX:OPTT) is 10.56 million shares and it means that shorts have 0.38 day(s) to cover.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 45.31%.
OPTT Dividends
Ocean Power Technologies is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ocean Power Technologies (AMEX:OPTT)’s Major holders
Ocean Power Technologies insiders own 2.92% of total outstanding shares while institutional holders control 3.41%, with the float percentage being 3.52%. VANGUARD GROUP INC is the largest shareholder of the company, while 41.0 institutions own stock in it. As of 2024-06-30, the company held over 1.76 million shares (or 2.9894% of all shares), a total value of $0.34 million in shares.
The next largest institutional holding, with 0.58 million shares, is of BLACKROCK INC.’s that is approximately 0.9809% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.11 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ocean Power Technologies (OPTT) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.0 shares. This amounts to just over 1.96 percent of the company’s overall shares, with a $0.95 million market value. The same data shows that the other fund manager holds slightly less at 753.87, or about 1.48% of the stock, which is worth about $0.72 million.
