In the current trading session, Ocean Power Technologies’s (OPTT) stock is trading at the price of $0.54, a gain of 3.95% over last night’s close. So, the stock is trading at a price that is -69.17% less than its 52-week high of $1.75 and 349.58% better than its 52-week low of $0.12. Based on the past 30-day period, the stock price is -13.97% below the high and +11.66% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, OPTT’s SMA-200 is $0.4411.
It is also essential to consider OPTT stock ratios like the price-to-sales ratio, which is 15.23 for the last year.OPTT’s price to book ratio for the most recent quarter was 3.17, resulting in an 9.29 price to cash per share for the period.
How does Ocean Power Technologies (OPTT) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 0 brokerage firms that recommend the stock as a Strong Sell. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 0.00 in simple terms.
An overview of Ocean Power Technologies’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Ocean Power Technologies (OPTT) traded 3,434,657 shares per day, with a moving average of $0.5264 and price change of -0.0489. With the moving average of $0.4728 and a price change of +0.1297, about 3,940,511 shares changed hands on average over the past 50 days. Finally, OPTT’s 100-day average volume is 5,960,505 shares, alongside a moving average of $0.5435 and a price change of -0.4256.
