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: $0.15 to $0.16
• 50-Day Range: $0.14 to $0.25
• 52-Week Range: $0.12 to $0.57
• Volume: 4.86 million shs
• Average Volume: 2.21 million shs
• Market Capitalization: $14.87 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

OPTT Stock Analysis - Frequently Asked Questions

How have OPTT shares performed this year?

Ocean Power Technologies' stock was trading at $0.3160 at the start of the year. Since then, OPTT shares have decreased by 52.0% and is now trading at $0.1518.
View the best growth stocks for 2024 here.

How were Ocean Power Technologies' earnings last quarter?

Ocean Power Technologies, Inc. (NASDAQ:OPTT) issued its quarterly earnings data on Monday, September, 16th. The energy company reported ($0.05) earnings per share for the quarter. The energy company had revenue of $1.30 million for the quarter. Ocean Power Technologies had a negative net margin of 448.27% and a negative trailing twelve-month return on equity of 101.04%.

Who are Ocean Power Technologies' major shareholders?

Ocean Power Technologies' top institutional shareholders include Sargent Investment Group LLC (0.20%). 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.
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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: 9/16/2024
• Today: 11/20/2024
• Fiscal Year End: 4/30/2025

Industry, Sector and Symbol

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

Profitability

• EPS (Most Recent Fiscal Year): ($0.40)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-27,480,000.00
• Net Margins: -448.27%
• Pretax Margin: -470.85%
• Return on Equity: -101.04%
• Return on Assets: -75.41%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.16
• Quick Ratio: 1.05

Sales & Book Value

• Annual Sales: $5.55 million
• Price / Sales: 2.68
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.32 per share
• Price / Book: 0.47

Miscellaneous

• Outstanding Shares: 97,936,000
• Free Float: 96,565,000
• Market Cap: $14.87 million
• Optionable: Optionable
• Beta: 2.18