Ocean Power Technologies, Inc. (OPTT): Price and Financial Metrics
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%.
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.
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 LossesEASTON, 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 ... |
Paragon Technologies Issues Statement to the Stockholders of Ocean Power Technologies. Reminds Stockholders to Vote ONLY the Blue Proxy CardExpresses 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 ... |
Paragon Technologies Commences Mailing of BLUE Proxy Card and Issues Letter to Ocean Power Technologies ShareholdersEASTON, 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 ... |
OPTT Stock Earnings: Ocean Power Techs Reported Results for Q2 2024Ocean Power Techs just reported results for the second quarter of 2024. |
Ocean Power Technologies, Inc. Announces Second Quarter Fiscal 2024 ResultsAchieved 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 |
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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