Financial

Observing Stocks Update: Ocean Power Technologies, Inc. (NASDAQ:OPTT), Honeywell International Inc. (NYSE:HON)

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Ocean Power Technologies, Inc. (NASDAQ:OPTT) went higher by +75.26% to close at $ 8.29. The company exchanged total volume of 27.39 million shares throughout course of last trade however it holds an average trading capacity of 1.13 million shares. Shares of company began trading at $4.43 climbed to high of $10.10 touched the low of $4.32.

The company is trading above its 50-day moving averages of 3.33 and up from 200-day moving averages of 2.19. The firm has price to book ratio of 1.31 and its price to sale ratio was 8.10.

Ocean Power Technologies, Inc. reported financial results for its fiscal 2016 first quarter and full year ended April 30, 2016 (“fiscal 2016”).

For the three months ended April 30, 2016, OPT stated revenue of $0.1 million, as compared to revenue of $0.5 million for the three months ended April 30, 2015. Revenue in both periods was primarily related to the Company’s projects with MES, with fiscal 2016 revenue related to an autonomous PB3 PowerBuoy project, and with fiscal 2015 revenue being related to a utility-scale project. The decrease in revenues is consistent with our planned pivot refocusing our product development efforts on autonomous PowerBuoys and our deliberate decision to transition toward commercial revenues.

The Firm stated a net loss of $4.0 million for the three months ended April 30, 2016 compared with a loss of $3.3 million for the three months ended April 30, 2015. Fiscal 2016 first quarter loss included a charge of $1.1 million related to the pending settlement of the class action securities litigation. In addition, fiscal 2015 first quarter reflected higher gross profit due to a change in project costs related to a MES utility-focused contract which has been suspended. In fiscal 2016 first quarter, product development costs and selling, general and administrative expenses were lower.

The average true range of Ocean Power Technologies, Inc.’s (OPTT) is recorded at 0.91 and the relative strength index of the stock stands 86.18. The stock price is going above to its 52 week low with 772.63% and lagging above from its 52 week high with 22.09%. Analyst recommendation for this stock stands at 3.00. A look on the firm performance, its monthly performance is 144.54% and a quarterly performance of 368.36%. The stock price is trading upbeat from its 200 days moving average with 250.77% and up from 50 days moving average with 217.53%.

Honeywell International Inc. (NYSE:HON) surged +0.12% and closed the trade at $ 119.23. The company recorded a trading capacity of 2.25 million shares below its three months average daily volume of 2.67 million shares. During the last trade, shares reached to high price of $119.73 and touched the low price of $118.94. The stock’s 50-day moving average is noted at $116.06 and its 200-day moving average is stands at $109.96.

Additionally, the company has a PE ratio of 19.35 and has EPS of 6.16. The company has market capitalization of $90.87B.

Honeywell International Inc.’s (HON) has price-to-cash ratio of 14.32 and price to sale ratio of 2.35. The company net profit margin is 12.40% and gross profit margin is 30.70%. A look on the firm performance, its monthly performance is 3.21% and a quarterly performance of 4.55%. The stock price is moving up from its 20 days moving average with 2.41% and isolated positively from 50 days moving average with 3.60%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. 1 Month Ago,  shares have been suggested as “BUY” from “2” brokerage firms and recommended as “Strong Buy” by “2” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1.37” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

 

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