In the last trading session, 2.62 million Ocean Power Technologies (AMEX:OPTT) shares changed hands as the company’s beta touched 2.64. With the company’s per share price at $0.42 changed hands at -$0.01 or -2.08% during last session, the market valuation stood at $72.72M. OPTT’s last price was a discount, traded about -316.67% 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 71.43% up since then. When we look at Ocean Power Technologies’s average trading volume, we note the 10-day average is 3.71 million shares, with the 3-month average coming to 6.87 million.
Ocean Power Technologies (AMEX:OPTT) trade information
Instantly OPTT was in red as seen at the end of in last trading. With action 13.02%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -58.56%, with the 5-day performance at 13.02% in the green. However, in the 30-day time frame, Ocean Power Technologies (AMEX:OPTT) is -11.48% down. Looking at the short shares, we see there were 11.01 million shares sold at short interest cover period of 1.98 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 3.22% 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 5.37%. 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 2.1473% 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 $0.42 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 $0.32 million.
