Ocean Power Technologies (AMEX: OPTT) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Stocks Info

Ocean Power Technologies is listed on the AMEX as a member of the Industrials sector and is a part of the Specialty Industrial Machinery industry. The current market capitalization of Ocean Power Technologies is $23.79M. A total of 94.76 million shares were traded on the day, compared to an average of 25.62M shares.

In the most recent transaction, Slaiby Peter E. bought 25,000 shares of OPTT for 0.39 per share on Sep 28 ’23. After the transaction, the Director now owns 96,577 company shares. In a previous transaction on Sep 18 ’23, Powers Robert Patrick bought 12,345 shares at 0.40 per share. OPTT shares that Senior VP and CFO owns now total 28,888.

Among the insiders who bought shares, Stratmann Philipp acquired of 12,115 shares on Sep 15 ’23 at a per-share price of $0.41. This resulted in the President and CEO holding 93,807 shares of OPTT after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, OPTT has a high of $0.77 and a low of $0.12.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. OPTT’s latest balance sheet shows that the firm has $57.27M in Cash & Short Term Investments as of fiscal 2022. There were $857.00k in debt and $2.98M in liabilities at the time. Its Book Value Per Share was $0.42, while its Total Shareholder’s Equity was $68.83M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OPTT is Buy with a score of 0.00.

Most Popular

Related Posts