Ocean Power Technologies (OPTT) Stock Price, News & Analysis

Company Overview

Ocean Power Technologies, Inc. develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Australia, and Asia. It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations. The company also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Further, the company provides offshore data collection, integration, analytics, and real time communication for various applications. It serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.

Key Stats

• Today's Range: $0.50 to $0.53
• 50-Day Range: $0.47 to $0.84
• 52-Week Range: $0.14 to $1.75
• Volume: 3.81 million shs
• Average Volume: 8.60 million shs
• Market Capitalization: $92.75 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Ocean Power Technologies Stock Analysis - MarketRank™

Ocean Power Technologies scored higher than 11% of companies evaluated by MarketBeat, and ranked 245th out of 267 stocks in the energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Ocean Power Technologies.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Ocean Power Technologies is -1.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ocean Power Technologies is -1.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Ocean Power Technologies has a P/B Ratio of 1.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.77% of the outstanding shares of Ocean Power Technologies have been sold short.

Short Interest Ratio / Days to Cover

Ocean Power Technologies has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ocean Power Technologies has recently decreased by 13.54%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Ocean Power Technologies does not currently pay a dividend.

Dividend Growth

Ocean Power Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.77% of the outstanding shares of Ocean Power Technologies have been sold short.

Short Interest Ratio / Days to Cover

Ocean Power Technologies has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ocean Power Technologies has recently decreased by 13.54%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.71

News Sentiment

Ocean Power Technologies has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Ocean Power Technologies this week, compared to 3 articles on an average week.

Search Interest

21 people have searched for OPTT on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.

MarketBeat Follows

4 people have added Ocean Power Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ocean Power Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Ocean Power Technologies is held by insiders.

Percentage Held by Institutions

Only 11.93% of the stock of Ocean Power Technologies is held by institutions.

OPTT Stock Analysis - Frequently Asked Questions

How have OPTT shares performed this year?

Ocean Power Technologies' stock was trading at $1.02 on January 1st, 2025. Since then, OPTT stock has decreased by 48.8% and is now trading at $0.5224.

How were Ocean Power Technologies' earnings last quarter?

Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced its earnings results on Monday, September, 14th. The energy company reported ($0.22) EPS for the quarter. The energy company earned $0.17 million during the quarter. Ocean Power Technologies had a negative trailing twelve-month return on equity of 97.03% and a negative net margin of 304.91%.

Who are Ocean Power Technologies' major shareholders?

Ocean Power Technologies' top institutional investors include Baader Bank Aktiengesellschaft (0.06%). Insiders that own company stock include Terence James Cryan, Peter E Slaiby, Philipp Stratmann and Robert Patrick Powers.
View institutional ownership trends.

How do I buy shares of Ocean Power Technologies?

Shares of OPTT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Ocean Power Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ocean Power Technologies investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), NIO (NIO), Virgin Galactic (SPCE), Plug Power (PLUG) and AST SpaceMobile (ASTS).

Company Calendar

• Last Earnings: 9/14/2020
• Today: 8/01/2025
• Fiscal Year End: 4/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Energy
• Industry: Electric services
• Sub-Industry: Utilities
• Current Symbol: NASDAQ:OPTT
• CIK: 1378140
• Web: www.oceanpowertechnologies.com
• Phone: (609) 730-0400
• Fax: 609-730-0404
• Employees: 50
• Year Founded: 1984

Profitability

• EPS (Trailing Twelve Months): ($0.17)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$27.48 million
• Net Margins: -304.91%
• Pretax Margin: -322.62%
• Return on Equity: -97.03%
• Return on Assets: -72.36%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.79
• Quick Ratio: 1.37

Sales & Book Value

• Annual Sales: $5.86 million
• Price / Sales: 15.82
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.32 per share
• Price / Book: 1.63

Miscellaneous

• Outstanding Shares: 177,543,000
• Free Float: 144,579,000
• Market Cap: $92.75 million
• Optionable: Optionable
• Beta: 2.62