Ocean Power Technologies Stock Price on October 1, 2024
| OPTT Stock | USD 0.34 0.05 17.24% |
Below is the normalized historical share price chart for Ocean Power Technologies extending back to May 19, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Ocean Power stands at 0.34, as last reported on the 16th of December 2024, with the highest price reaching 0.34 and the lowest price hitting 0.29 during the day.
If you're considering investing in Ocean Stock, it is important to understand the factors that can impact its price. Ocean Power is out of control given 3 months investment horizon. Ocean Power Technologies maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.72% are justified by taking the suggested risk. Use Ocean Power Semi Deviation of 8.52, coefficient of variation of 773.32, and Risk Adjusted Performance of 0.1032 to evaluate company specific risk that cannot be diversified away.
At this time, Ocean Power's Total Stockholder Equity is comparatively stable compared to the past year. Common Stock Shares Outstanding is likely to gain to about 62 M in 2024, whereas Capital Stock is likely to drop slightly above 44.5 K in 2024. . Price To Sales Ratio is likely to drop to 1.96 in 2024. Price Earnings Ratio is likely to drop to -0.44 in 2024. Ocean Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 25th of April 2007 | 200 Day MA 0.2226 | 50 Day MA 0.2108 | Beta 2.19 |
Ocean |
Sharpe Ratio = 0.1302
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Estimated Market Risk
| 13.24 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.72 actual daily | 34 66% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Ocean Power is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ocean Power by adding it to a well-diversified portfolio.
Price Book 1.9164 | Enterprise Value Ebitda (0.25) | Price Sales 7.698 | Shares Float 84.4 M | Wall Street Target Price 6 |
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Ocean Power Valuation on October 1, 2024
It is possible to determine the worth of Ocean Power on a given historical date. On October 1, 2024 Ocean was worth 0.15 at the beginning of the trading date compared to the closed value of 0.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Ocean Power stock. Still, in general, we apply an absolute valuation method to find Ocean Power's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Ocean Power where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Ocean Power's related companies.
| Open | High | Low | Close | Volume | |
| 0.16 | 0.16 | 0.15 | 0.16 | 5,567,008 | |
10/01/2024 | 0.15 | 0.15 | 0.14 | 0.14 | 5,251,624 |
| 0.15 | 0.15 | 0.14 | 0.15 | 4,474,414 |
| Backtest Ocean Power | | | Ocean Power History | | | Ocean Power Valuation | Previous | Next |
Ocean Power Trading Date Momentum on October 1, 2024
| On October 02 2024 Ocean Power Technologies was traded for 0.15 at the closing time. The top price for the day was 0.15 and the lowest listed price was 0.14 . The trading volume for the day was 4.5 M. The trading history from October 2, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 7.14% . The trading delta at closing time against the current closing price is 7.14% . |
Ocean Power Technologies Fundamentals Correlations and Trends
By evaluating Ocean Power's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Ocean Power's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Ocean financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Ocean Power Stock history
Ocean Power investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Ocean is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Ocean Power Technologies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Ocean Power stock prices may prove useful in developing a viable investing in Ocean Power
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 59 M | 62 M | |
| Net Loss | -23.7 M | -22.5 M |
Ocean Power Quarterly Net Working Capital |
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Ocean Power Stock Technical Analysis
Ocean Power technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Ocean Power Period Price Range
Low | December 16, 2024
| High |
0.00 | 0.00 |
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Ocean Power December 16, 2024 Market Strength
Market strength indicators help investors to evaluate how Ocean Power stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Ocean Power shares will generate the highest return on investment. By undertsting and applying Ocean Power stock market strength indicators, traders can identify Ocean Power Technologies entry and exit signals to maximize returns
Ocean Power Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Ocean Power's price direction in advance. Along with the technical and fundamental analysis of Ocean Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Ocean to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1032 | |||
| Jensen Alpha | 1.54 | |||
| Total Risk Alpha | 0.0606 | |||
| Sortino Ratio | 0.1098 | |||
| Treynor Ratio | 0.6254 |
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Additional Tools for Ocean Stock Analysis
When running Ocean Power's price analysis, check to measure Ocean Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to predict the probability of Ocean Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Power's price. Additionally, you may evaluate how the addition of Ocean Power to your portfolios can decrease your overall portfolio volatility.