Ocean Power Technologies, Inc. (OPTT): Price and Financial Metrics

Ocean Power Technologies, Inc. (OPTT): $0.30

0.02 (+6.38%)

POWR Rating

Component Grades

Momentum

C

Stability

C

Sentiment

Quality

F

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Industry: Water

Industry

D

Ranked

#13 of 13

in industry

OPTT Price/Volume Stats

Current price $0.30 52-week high $0.77
Prev. close $0.28 52-week low $0.25
Day low $0.29 Volume 347,400
Day high $0.32 Avg. volume 191,911
50-day MA $0.32 Dividend yield N/A
200-day MA $0.43 Market Cap 17.64M

OPTT Stock Price Chart Interactive Chart >

OPTT Stock Summary

  • With a market capitalization of $18,342,080, OCEAN POWER TECHNOLOGIES INC has a greater market value than just 8.14% of US stocks.
  • With a year-over-year growth in debt of 137.19%, OCEAN POWER TECHNOLOGIES INC's debt growth rate surpasses 93.64% of about US stocks.
  • Revenue growth over the past 12 months for OCEAN POWER TECHNOLOGIES INC comes in at 71.69%, a number that bests 93.79% of the US stocks we're tracking.
  • If you're looking for stocks that are quantitatively similar to OCEAN POWER TECHNOLOGIES INC, a group of peers worth examining would be IZEA, HGBL, DNOW, CVCO, and DYNT.
  • OPTT's SEC filings can be seen here. And to visit OCEAN POWER TECHNOLOGIES INC's official web site, go to www.oceanpowertechnologies.com.

OPTT Valuation Summary

  • OPTT's EV/EBIT ratio is -0.5; this is 102.87% lower than that of the median Industrials stock.
  • OPTT's price/sales ratio has moved down 96.4 over the prior 203 months.

Below are key valuation metrics over time for OPTT.

Stock Date P/S P/B P/E EV/EBIT
OPTT 2023-12-29 4.8 0.6 -0.6 -0.5
OPTT 2023-12-28 5.0 0.6 -0.6 -0.6
OPTT 2023-12-27 5.1 0.6 -0.7 -0.6
OPTT 2023-12-26 5.3 0.6 -0.7 -0.6
OPTT 2023-12-22 5.3 0.6 -0.7 -0.6
OPTT 2023-12-21 5.2 0.6 -0.7 -0.6

OPTT Growth Metrics

    Its 5 year net cashflow from operations growth rate is now at -5.39%.
  • Its 3 year net cashflow from operations growth rate is now at -75.42%.
  • The 5 year revenue growth rate now stands at 99.53%.
OPTT's revenue has moved up $948,000 over the prior 15 months.

The table below shows OPTT's growth in key financial areas (numbers in millions of US dollars).

Date Revenue Operating Cash Flow Net Income to Common Stock
2022-09-30 2.257 -21.922 -21.32
2022-06-30 2.201 -21.101 -21.647
2022-03-31 1.759 -21.296 -18.874
2021-12-31 1.605 -18.936 -18.921
2021-09-30 1.438 -16.367 -16.601
2021-06-30 1.309 -14.224 -14.454

OPTT's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
  • OPTT has a Quality Grade of F, ranking ahead of 2.61% of graded US stocks.
  • OPTT's asset turnover comes in at 0.019 -- ranking 103rd of 105 Utilities stocks.
  • WTRG, TRGP, and ENBL are the stocks whose asset turnover ratios are most correlated with OPTT.

The table below shows OPTT's key quality metrics over time.

Period Asset Turnover Gross Margin ROIC
2021-07-31 0.019 -0.809 -12.960
2021-04-30 0.024 -0.890 -10.616
2021-01-31 0.036 -0.472 -6.030
2020-10-31 0.104 -0.077 -5.845
2020-07-31 0.116 -0.064 -5.760
2020-04-30 0.115 -0.062 -5.486

Ocean Power Technologies, Inc. (OPTT) Company Bio


Ocean Power Technologies, Inc. manufactures equipment that generates electricity from the motion of ocean waves. The Company develops wave energy technology and converts ocean waves energy into electricity. Ocean Power Technologies serves customers worldwide.


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Latest OPTT News From Around the Web

Below are the latest news stories about OCEAN POWER TECHNOLOGIES INC that investors may wish to consider to help them evaluate OPTT as an investment opportunity.

Paragon Reminds OPT Shareholders to ONLY Vote Blue Proxy and Send Message to OPT Board that Change is Needed to Avoid Continued Shareholder Losses

EASTON, PA / ACCESSWIRE / December 28, 2023 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, and the largest shareholder of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), would like to thank shareholders ...

Yahoo | December 28, 2023

Paragon Technologies Issues Statement to the Stockholders of Ocean Power Technologies. Reminds Stockholders to Vote ONLY the Blue Proxy Card

Expresses Serious Concerns About OPT's alarming financial and Stock Price Underperformance Under the Current Board and CEO. Believes that the Board and CEO Are Misleading Shareholders by Making Positive Statements About the Future of Ocean Power While ...

Yahoo | December 21, 2023

Paragon Technologies Commences Mailing of BLUE Proxy Card and Issues Letter to Ocean Power Technologies Shareholders

EASTON, PA / ACCESSWIRE / December 18, 2023 / Paragon Technologies, Inc. ("Paragon"), a diversified holding company, owning approximately 4.9% of the outstanding shares of Ocean Power Technologies, Inc. (NYSE American:OPTT), ("Company") ("OPT"), today ...

Yahoo | December 18, 2023

OPTT Stock Earnings: Ocean Power Techs Reported Results for Q2 2024

Ocean Power Techs just reported results for the second quarter of 2024.

InvestorPlace Earnings on InvestorPlace | December 14, 2023

Ocean Power Technologies, Inc. Announces Second Quarter Fiscal 2024 Results

Achieved First Multi-Buoy and Multi-Vessel OrdersMONROE TOWNSHIP, N.J., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), today announced financial results for its fiscal second quarter ended October 31, 2023 (“Q224”), including year-over-year revenue, gross profit, and pipeline growth. Financial Highlights from the second quarter: OPT’s pipeline at October 31, 2023 (“Q224”) was approximately $93 million, representing a 221% year-ove

Yahoo | December 13, 2023

Read More 'OPTT' Stories Here

OPTT Price Returns

1-mo -2.57%
3-mo 11.07%
6-mo -37.46%
1-year -53.85%
3-year -93.84%
5-year -95.24%
YTD -5.06%
2023 -29.79%
2022 -69.59%
2021 -44.98%
2020 209.20%
2019 -87.21%

Continue Researching OPTT

Here are a few links from around the web to help you further your research on Ocean Power Technologies Inc's stock as an investment opportunity:

Ocean Power Technologies Inc (OPTT) Stock Price | Nasdaq
Ocean Power Technologies Inc (OPTT) Stock Quote, History and News - Yahoo Finance
Ocean Power Technologies Inc (OPTT) Stock Price and Basic Information | MarketWatch

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