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How to Buy Ocean Power Technologies Stock

Ocean Power Technologies Inc

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North and South America, Europe, and Asia.

Ocean Power Technologies stock last closed at $0.27, up 1.13% from the previous day, and has decreased 48.46% in one year. It has underperformed other stocks in the Electrical Equipment & Parts industry by 0.8 percentage points. Ocean Power Technologies stock is currently +8.5% from its 52-week low of $0.25, and -65.15% from its 52-week high of $0.77.

There are currently 59.46M shares of OPTT outstanding. The market value of OPTT is $15.94M. In the last 24 hours, 525,341 OPTT shares were traded.

How to Buy Ocean Power Technologies Stock

Wondering how to invest in Ocean Power Technologies stock? Here's how.
  1. Choose where to buy Ocean Power Technologies stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Ocean Power Technologies stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Select your method of payment and add your details.
  4. Research Ocean Power Technologies stock: The Ocean Power Technologies ticker symbol is OPTT. Is Ocean Power Technologies stock a good investment? Should you buy shares of OPTT? How do OPTT's underlying business fundamentals look? Do top analysts think Ocean Power Technologies is a good buy? Why has OPTT's stock price moved recently? (Hint: Our stock analysis website can help you decide if OPTT is a good stock to buy).
  5. Execute your OPTT buy order: Decide if you will purchase OPTT shares at the current market price or use a limit order to purchase OPTT stock at a particular price.
  6. Get the latest scoop on your OPTT position: Create a watchlist to get the latest news on your investment in Ocean Power Technologies stock.

Step 1: Choose where to buy Ocean Power Technologies stock

You need an online brokerage account in order to access the NYSEMKT market and buy OPTT shares.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've selected the right brokerage, the next step is to fill out some personal info so you are able to buy OPTT today.

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Step 3: Deposit money your investment account

Now that you've filled out your info on stock apps to use, you can securely and quickly fund your account:

Check out the tutorial below if you need help depositing funds into your new brokerage account.

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Step 4: Research Ocean Power Technologies stock

Once you have chosen the best place to buy Ocean Power Technologies stock, it's absolutely critical to research their stock before you buy, so you truly understand the risk and opportunity.

Ocean Power Technologies quick stats

OPTT Price
$0.27
1w %
-6.29%
1y %
-48.46%
5y %
-94.44%
P/E
-0.52x
P/B
0.63x
P/S
3.19x
PEG
N/A
Revenue
$4.93M
Earnings
-$30.30M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$15.94M
Next Earnings
N/A
Next Dividend
N/A

Ocean Power Technologies Due Diligence Checks

WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on OPTT's stock page.

Is OPTT stock properly valued?

Investors use many financial metrics, analyses, models, and charts to gauge OPTT's fair value.

Using relative valuations measures:

  • OPTT could be undervalued based on its P/B ratio of 0.63x, relative to Electrical Equipment & Parts industry P/B ratio of 4.18x

You can do more valuation research on OPTT's stock here.

OPTT Financial Overview

Positive Financial Indicators:

  • OPTT has a low debt to equity ratio of 0.37.
  • There are more short-term assets than long-term liabilities on the OPTT balance sheet.
  • There are more short-term assets than short-term liabilities on the OPTT balance sheet.
  • Total OPTT debt is lower than 5 years ago, relative to shareholder equity.

Negative Financial Indicators:

  • OPTT has cash burn of 32270000. It does not have enough cash and short-term investments to cover this.
  • OPTT profit margin has gone up by 2.61 percentage points in the past year, but the company is still unprofitable.
  • OPTT has $9.25M in cash and short term investments. This is not sufficient to cover its annual cash burn of $32.27M.

Metrics for Advanced OPTT Traders

SMA10
0.28
SMA20
0.29
SMA50
0.3
SMA100
0.31
SMA200
0.4
MACD
-0.01
MACD Signal
-0.01
MACD Histogram
0
RSI
39.74
Stochastic %K
10.9
Stochastic %D
17.27
StochRSI %K
17.58
StochRSI %D
12.3

Is OPTT Growing Revenue?

Last year, OPTT revenue was $4.93M. In the last five year, OPTT's revenue has gone up by 49.43% per year. This was faster than the Electrical Equipment & Parts industry average of 10.55%.

You can analyze OPTT's earnings and revenue performance here.

Latest Insiders Trades at OPTT

Over the past 12 months, executives and large shareholders at OPTT have bought more shares than they have sold.

Matthew Burdyny, Chief Commercial Officer of OPTT, was the latest OPTT insider to sell. They sold $696.87 worth of OPTT stock on Jan 22, 2024.

Research more about who owns OPTT stock here.

Can I get consistent income from OPTT stock?

No, Ocean Power Technologies doesn't provide an income stream by paying out dividends.

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Step 5: Execute your OPTT buy order

You have two main options:

  • Market order: A market order is an order to buy or sell a security at the best price on the market.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a given price limit, use a limit order.

Hit the Open Trade button and your broker will place your order.

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Step 6: Get the latest scoop on your OPTT position

Now that you own some OPTT stock, you'll want to keep up with your new shares.

Put OPTT on a watchlist to track the latest developments regarding your OPTT stock.

OPTT Feed

How to Buy Stock in Ocean Power Technologies

To reiterate, here are the 6 steps you need to take to buy Ocean Power Technologies stock right now:

  1. Choose where to buy Ocean Power Technologies stock
  2. Create a brokerage account
  3. Deposit money your investment account
  4. Research Ocean Power Technologies stock
  5. Execute your OPTT buy order
  6. Get the latest scoop on your OPTT position

If you need a brokerage account, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your investment in Ocean Power Technologies, hit the button below to create your watchlist.

NYSEMKT: OPTT
$0.27+0.00 (+1.13%)
Updated Mar 27, 2024
Open eToro Account
NYSEMKT: OPTT
$0.27+0.00 (+1.13%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Ocean Power Technologies share?

As of Mar 27, 2024, it costs $0.27 to buy one share of Ocean Power Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.13, you can buy 0.5 shares of OPTT.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Ocean Power Technologies stock?

One way to place an order for Ocean Power Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.