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 $0.74, down 6.54% from the previous day, and has increased 115.99% in one year. It has overperformed other stocks in the Electrical Equipment & Parts industry by 1.3 percentage points. Ocean Power Technologies stock is currently +519.17% from its 52-week low of $0.12, and -57.54% from its 52-week high of $1.75.
There are currently 146.04M shares of OPTT outstanding. The market value of OPTT is $108.51M. In the last 24 hours, 6.49M OPTT shares were traded.
How to Buy Ocean Power Technologies Stock
Wondering how to invest in Ocean Power Technologies stock? Here's how.
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.
Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
Deposit money your investment account: Select your method of payment and add your details.
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).
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.
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 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
$0.74
1w %
-10.05%
1y %
115.99%
5y %
-5.35%
P/E
-2.32x
P/B
4.91x
P/S
11.43x
PEG
N/A
Revenue
$7.08M
Earnings
-$21.60M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$108.51M
Next Earnings
Mar 11, 2025
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.
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 27173000. It does not have enough cash and short-term investments to cover this.
OPTT profit margin has gone up by 4.66 percentage points in the past year, but the company is still unprofitable.
OPTT has $2.09M in cash and short term investments. This is not sufficient to cover its annual cash burn of $27.17M.
Metrics for Advanced OPTT Traders
SMA10
0.79
SMA20
0.79
SMA50
0.7
SMA100
0.44
SMA200
0.33
MACD
0.01
MACD Signal
0.02
MACD Histogram
-0.01
RSI
48.13
Stochastic %K
53.02
Stochastic %D
53.05
StochRSI %K
46.38
StochRSI %D
47.81
Is OPTT Growing Revenue?
Last year, OPTT revenue was $7.08M. In the last five year, OPTT's revenue has gone up by 52.24% per year. This was faster than the Electrical Equipment & Parts industry average of 8.27%.
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.
If you want more help buying stocks on eToro, watch the helpful video below:
How much does it cost to buy one Ocean Power Technologies share?
As of Feb 14, 2025, it costs $0.74 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 $0.37, you can buy 0.5 shares of OPTT.
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.