Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ocean Power Technologies shares valued at $14,800 were purchased by Cryan Terence James on Nov 13 ’24. At $0.15 per share, Cryan Terence James acquired 100,000 shares. The insider’s holdings grew to 358,658 shares worth approximately $53798.7 following the completion of this transaction.
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
Sponsored
Analysts at Ascendiant Capital Markets started covering the stock with ‘”a Strong buy”‘ outlook in a report released in early May. As of July 17, 2008, UBS has reiterated its “Buy” rating for OPTT. Earlier on April 07, 2008, Bear Stearns downgraded its rating. Their new recommendation was “an Underperform” for OPTT stock which previously was a “an Outperform”.
Analyzing OPTT Stock Performance
During the last five days, there has been a surge of approximately 3.09%. Over the course of the year, Ocean Power Technologies shares have dropped approximately -52.53%. Shares of the company reached a 52-week high of $0.5693 on 07/02/24 and a 52-week low of $0.1200 on 06/20/24. A 50-day SMA is recorded $0.1596, while a 200-day SMA reached $0.2204. Nevertheless, trading volume fell to 4.85 million shares from 1.74 million shares the previous day.
Support And Resistance Levels for Ocean Power Technologies (OPTT)
According to the 24-hour chart, there is a support level at 0.1447, which, if violated, would cause prices to drop to 0.1395. In the upper region, resistance lies at 0.1563. The next price resistance is at 0.1627. RSI (Relative Strength Index) is 48.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0026, which suggests the price will decrease in the coming days. Percent R is at 42.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
