Is Ocean Power Technologies (AMEX: OPTT) Stock Worth Investing In for High Returns?

In the last trading session, 3.67 million Ocean Power Technologies (AMEX:OPTT) shares changed hands as the company’s beta touched 2.75. With the company’s per share price at $0.57 changed hands at $0.03 or 6.24% during last session, the market valuation stood at $98.71M. OPTT’s last price was a discount, traded about -207.02% 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 78.95% up since then.

Ocean Power Technologies (AMEX:OPTT) trade information

Instantly OPTT was in green as seen at the end of in last trading. With action 22.01%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -43.75%, with the 5-day performance at 22.01% in the green. However, in the 30-day time frame, Ocean Power Technologies (AMEX:OPTT) is 41.34% up.

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 June.

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 Fidelity Concord Street Trust-Fidelity Extended Market Index Fund . With 1.0 shares estimated at $0.57 million under it, the former controlled 1.96% of total outstanding shares. On the other hand, Fidelity Concord Street Trust-Fidelity Extended Market Index Fund held about 1.59% of the shares, roughly 811.99 shares worth around $0.47 million.

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