In the last trading session, 5.06 million Ocean Power Technologies (AMEX:OPTT) shares changed hands as the company’s beta touched 2.66. With the company’s per share price at $0.35 changed hands at $0.02 or 5.41% during last session, the market valuation stood at $60.05M. OPTT’s last price was a discount, traded about -400.0% 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 65.71% up since then. When we look at Ocean Power Technologies’s average trading volume, we note the 10-day average is 4.48 million shares, with the 3-month average coming to 12.06 million.
Ocean Power Technologies (AMEX:OPTT) trade information
Instantly OPTT was in green as seen at the end of in last trading. With action -23.43%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -65.78%, with the 5-day performance at -23.43% in the red. However, in the 30-day time frame, Ocean Power Technologies (AMEX:OPTT) is -30.37% 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.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . With 1.0 shares estimated at $0.35 million under it, the former controlled 1.96% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 1.48% of the shares, roughly 753.87 shares worth around $0.26 million.
