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Ocean Power Technologies, Inc is an electrical equipment & parts business based in the US. Ocean Power Technologies shares (OPTT) are listed on the NASDAQ and all prices are listed in US Dollars. Ocean Power Technologies employs 36 staff and has a trailing 12-month revenue of around USD$1.6 million.
Since the stock market crash in March caused by coronavirus, Ocean Power Technologies's share price has had significant positive movement.
Its last market close was USD$1.79, which is 60.34% up on its pre-crash value of USD$0.71 and 434.33% up on the lowest point reached during the March crash when the shares fell as low as USD$0.335.
If you had bought USD$1,000 worth of Ocean Power Technologies shares at the start of February 2020, those shares would have been worth USD$425.67 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$2,177.62.
|Latest market close||USD$1.79|
|52-week range||USD$0.329 - USD$2.88|
|50-day moving average||USD$1.9746|
|200-day moving average||USD$1.1007|
|Wall St. target price||USD$6|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$-4.681|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-17)||-9.14%|
|1 month (2020-10-23)||-16.74%|
|3 months (2020-08-24)||57.02%|
|6 months (2020-05-22)||338.08%|
|1 year (2019-11-22)||68.87%|
|2 years (2018-11-23)||265.31%|
|3 years (2017-11-24)||49.17%|
|5 years (2015-11-24)||-39.32%|
|Revenue TTM||USD$1.6 million|
|Gross profit TTM||USD$-105,000|
|Return on assets TTM||-47.89%|
|Return on equity TTM||-93.37%|
|Market capitalisation||USD$50.7 million|
TTM: trailing 12 months
There are currently 1.6 million Ocean Power Technologies shares held short by investors – that's known as Ocean Power Technologies's "short interest". This figure is 29.6% down from 2.2 million last month.
There are a few different ways that this level of interest in shorting Ocean Power Technologies shares can be evaluated.
Ocean Power Technologies's "short interest ratio" (SIR) is the quantity of Ocean Power Technologies shares currently shorted divided by the average quantity of Ocean Power Technologies shares traded daily (recently around 22.6 million). Ocean Power Technologies's SIR currently stands at 0.07. In other words for every 100,000 Ocean Power Technologies shares traded daily on the market, roughly 70 shares are currently held short.
However Ocean Power Technologies's short interest can also be evaluated against the total number of Ocean Power Technologies shares, or, against the total number of tradable Ocean Power Technologies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Ocean Power Technologies's short interest could be expressed as 0.07% of the outstanding shares (for every 100,000 Ocean Power Technologies shares in existence, roughly 70 shares are currently held short) or 0.0655% of the tradable shares (for every 100,000 tradable Ocean Power Technologies shares, roughly 66 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Ocean Power Technologies.
Find out more about how you can short Ocean Power Technologies stock.
We're not expecting Ocean Power Technologies to pay a dividend over the next 12 months.
Ocean Power Technologies's shares were split on a 1:20 basis on 12 March 2019. So if you had owned 20 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Ocean Power Technologies shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Ocean Power Technologies shares which in turn could have impacted Ocean Power Technologies's share price.
Over the last 12 months, Ocean Power Technologies's shares have ranged in value from as little as $0.329 up to $2.88. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Ocean Power Technologies's is 2.9634. This would suggest that Ocean Power Technologies's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North and South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and payloads, integration services, and marine installation services. In addition, it offers electric power and real-time data communications for remote offshore and subsea applications in markets, such as offshore oil and gas, defense and security, science and research, and communications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was founded in 1984 and is headquartered in Monroe Township, New Jersey.
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