Ocean Power Technologies (AMEX: OPTT) Rose 216.95% In Six Months, Here’s What We Should Expect Now

During the last session, Ocean Power Technologies (AMEX:OPTT)’s traded shares were 2.47 million, with the beta value of the company hitting 2.70. The 52-week high for the OPTT share is $1.75, that puts it down -272.34 from that peak though still a striking 74.47% gain since the share price plummeted to a 52-week low of $0.12. The company’s market capitalization is $80.43M, and the average trade volume was 4.92 million shares over the past three months.

Ocean Power Technologies (AMEX:OPTT) trade information

Ocean Power Technologies (OPTT) registered a -1.35% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.35% in intraday trading to $0.47, hitting a weekly high. The stock’s 5-day price performance is 9.72%, and it has moved by 39.05% in 30 days. Based on these gigs, the overall price performance for the year is 146.70%.

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 June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 0.58 million shares, is of BLACKROCK INC.’s that is approximately 0.7046% 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 INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Concord Street Trust-Fidelity Extended Market Index Fund . Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-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 $0.47 million market value. The same data shows that the other fund manager holds slightly less at 811.99, or about 1.59% of the stock, which is worth about $0.38 million.

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