In the last trading session, 7.22 million Ocean Power Technologies (AMEX:OPTT) shares changed hands as the company’s beta touched 2.65. With the company’s per share price at $0.33 changed hands at -$0.07 or -16.20% during last session, the market valuation stood at $56.97M. OPTT’s last price was a discount, traded about -430.3% off its 52-week high of $1.75. The share price had its 52-week low at $0.12, which suggests the last value was 63.64% up since then. When we look at Ocean Power Technologies’s average trading volume, we note the 10-day average is 5.59 million shares, with the 3-month average coming to 12.14 million.
Ocean Power Technologies (AMEX:OPTT) trade information
Instantly OPTT was in red as seen at the end of in last trading. With action -29.34%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -67.54%, with the 5-day performance at -29.34% in the red. However, in the 30-day time frame, Ocean Power Technologies (AMEX:OPTT) is -34.46% down. Looking at the short shares, we see there were 9.44 million shares sold at short interest cover period of 2.0 days.
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 May.
Ocean Power Technologies (AMEX:OPTT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.43% of Ocean Power Technologies shares while 5.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.33%. There are 5.20% 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 0.7046% or 0.58 million shares worth $0.11 million as of 2024-06-30.
