Ocean Power Technologies, Inc ($OPTT) jump 2,061.29%? no company had a "reverse split"
Today news
- Ocean Power Technologies, Inc ($OPTT) Did not not jump 2000%+! Had a R/S
- Ocean Power Technologies (OPTT) Secures Master Service Contract with Leading Offshore Oil & Gas Operator
Ocean Power Technologies, Inc. (NASDAQ:OPTT) stock enjoyed an overall downtrend of -8.85% from the beginning of 2019. The closing share price quoted for March 11, 2019 was $0.31. The 14.9% rally might have been tempting for an investor to buy at this point.A fresh roundup today notes that OPTT stock has lost around -72.57% of its value in the past 12 months, suggesting more investors have expressed concern about about in that time period. The stock registered its 52-week high of $1.52 on March 19 and its 52-week low of $0.26 on March 08. Currently, the shares are trading $-0.01 below its YTD moving average of $0.32.To help you decide whether it’s worth the wait (and the money), Ocean Power Technologies, Inc.
(NASDAQ:OPTT) is currently trading at 0X the company’s trailing-12-month earnings per share, which represents a discount compared to the sector’s 19.72X and comes in below its industry’s 16.31X. The most popular method for valuing a stock is to study the historic Price-to-Earnings (P/E) ratio using reported earnings for the past 12 months. The EPS number for this stock in the most recent four quarters of earnings stood at $-0.66. P/E ratio is so popular because it’s simple, it’s effective, and, tautologically, because everyone uses it.The 14-day Absolute ATR (Average True Range) on Monday, March 11 of 2019 shows that the price on average moves $0.03. The average daily volatility is 9.75% over the past week. Low volatility is good for the stock and it means we have calm and confident investors. If you check recent Ocean Power Technologies, Inc.
(OPTT) volume, you will see that it has changed to 2.62 million shares versus the average daily volume of 374.99 thousand shares.When you look at the daily chart for OPTT, you will observe the stock held -57.05% losses in the 6-month period and maintains 17.42% distance from its most recent low. The past 5-day performance for the share stays positive at 2.99% but up 3.8% from its three-week moving average. Comparing to 50-day SMA, Ocean Power Technologies, Inc. shares price is now down -3.54%. It also closed -49.36% lower from its 200-day SMA. This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market. The daily chart of the stock more clearly reveals the slide in prices as it closed Monday with a 1-month performance at -4.07%.
(OPTT) volume, you will see that it has changed to 2.62 million shares versus the average daily volume of 374.99 thousand shares.When you look at the daily chart for OPTT, you will observe the stock held -57.05% losses in the 6-month period and maintains 17.42% distance from its most recent low. The past 5-day performance for the share stays positive at 2.99% but up 3.8% from its three-week moving average. Comparing to 50-day SMA, Ocean Power Technologies, Inc. shares price is now down -3.54%. It also closed -49.36% lower from its 200-day SMA. This is often seen as the last line of defense for long term trends to find support at, else be considered broken and/or in a bear market. The daily chart of the stock more clearly reveals the slide in prices as it closed Monday with a 1-month performance at -4.07%.
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