With 79.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 34.85 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $1.75 whereas the lowest price it dropped to was $1.1. The 52-week range on OPTT shows that it touched its highest point at $1.37 and its lowest point at $0.12 during that stretch. It currently has a 1-year price target of $60.00. Beta for the stock currently stands at 2.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OPTT was up-trending over the past week, with a rise of 237.67%, but this was up by 291.25% over a month. Three-month performance surged to 905.62% while six-month performance rose 302.40%. The stock gained 412.74% in the past year, while it has gained 57.84% so far this year.
Float and Shares Shorts:
At present, 146.13 million OPTT shares are outstanding with a float of 129.97 million shares on hand for trading. On 2024-11-29, short shares totaled 10.56 million, which was 836.0 higher than short shares on 1730332800. In addition to Dr. Philipp Stratmann as the firm’s CEO, President & Director, Mr. Robert Patrick Powers serves as its Senior VP, CFO & Principal Accounting Officer.
Institutional Ownership:
Through their ownership of 0.03412 of OPTT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, OPTT reported revenue of $2418000.0 and operating income of -$3915000.0. The EBITDA in the recently reported quarter was -$3836000.0 and diluted EPS was -$0.04.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential.
