Ocean Power Technologies (AMEX:OPTT) traded at $0.19 at close of the session on Tuesday, April 30, made a downward move of -3.50% on its previous day’s price.
Looking at the stock we see that its previous close was $0.20 . In terms of its 52-week price range, OPTT has a high of $0.77 and a low of $0.18. The company’s stock has lost about -26.05% over that past 30 days.
Ocean Power Technologies has a market cap of $11.48 million.
On the other hand, looking at the outlook for the OPTT stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -12.89% off its SMA20 and -26.38% from its 50-day simple moving average. The RSI (14) is pointing at 31.66 while the volatility over the past week is 7.35% and jumps to 7.31% over the past one month. The beta value is 2.13, while the average true range (ATR) is currently pointing at 0.02.
Coming back to Ocean Power Technologies (AMEX:OPTT), we note that the average 3-month trading volume was 579.97K. Current shares outstanding are 56.26 million.
The insiders hold 5.84% of the company’s shares while institutions hold 6.89%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -38.92% down in year-to-date price movement.
