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NYSEMKT: OPTT
Ocean Power Technologies Inc Stock

$0.18-0.01 (-5.26%)
Updated May 23, 2024
OPTT Price
$0.18
Fair Value Price
N/A
Market Cap
$10.94M
52 Week Low
$0.18
52 Week High
$0.77
P/E
-0.35x
P/B
0.43x
P/S
3.6x
PEG
N/A
Dividend Yield
N/A
Revenue
$4.93M
Earnings
-$30.30M
Gross Margin
37.1%
Operating Margin
-661.12%
Profit Margin
-614.3%
Debt to Equity
0.37
Operating Cash Flow
-$30M
Beta
0.94
Next Earnings
Jul 10, 2024
Ex-Dividend
N/A
Next Dividend
N/A

OPTT Overview

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. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and payloads, integration services, and marine installation services. In addition, it offers electric power and real-time data communications for remote offshore and subsea applications in markets, such as offshore oil and gas, defense and security, science and research, and communications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was founded in 1984 and is headquartered in Monroe Township, New Jersey.

Zen Score

Industry Average (28)
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Due Diligence Checks

OPTT is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
OPTT is good value based on its book value relative to its share price (0.43x), compared to the US Electrical Equipment & Parts industry average (4.53x)
P/B vs Industry Valuation
OPTT is unprofitable, so we... subscribe to Premium to read more.
PEG Value Valuation
There are 30 more OPTT due diligence checks available for Premium users.

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Valuation

OPTT price to earnings (PE)

For valuing profitable companies with steady earnings
Company
-0.35x
Industry
41.79x
Market
31.54x

OPTT price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
0.43x
Industry
4.53x
OPTT is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

OPTT's financial health

Profit margin

Revenue
$1.8M
Net Income
-$6.5M
Profit Margin
-363.2%
OPTT's cash and short-term investments... subscribe to Premium to read more.
Interest Coverage Financials
OPTT's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$34.6M
Liabilities
$9.3M
Debt to equity
0.37
OPTT's short-term assets ($17.54M) exceed... subscribe to Premium to read more.
Short-term Liabilities Financials
OPTT's short-term assets ($17.54M) exceed... subscribe to Premium to read more.
Long-term Liabilities Financials
OPTT's debt relative to shareholder... subscribe to Premium to read more.
Shrinking Debt Financials
OPTT's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
-$9.2M
Investing
$10.6M
Financing
-$11.0k
OPTT's cash and short-term investments... subscribe to Premium to read more.
Debt Coverage Financials

OPTT vs Electrical Equipment & Part Stocks

TickerMarket Cap1d %P/EP/B
OPTT$10.94M-2.13%-0.35x0.43x
RAYA$10.03M-2.89%8.06x0.50x
XPON$12.95M0.00%-1.60x3.53x
POLA$8.73M-4.42%-0.96x0.79x
EPOW$20.13M0.00%-0.71x7.61x

Ocean Power Technologies Stock FAQ

What is Ocean Power Technologies's quote symbol?

(NYSEMKT: OPTT) Ocean Power Technologies trades on the NYSEMKT under the ticker symbol OPTT. Ocean Power Technologies stock quotes can also be displayed as NYSEMKT: OPTT.

If you're new to stock investing, here's how to buy Ocean Power Technologies stock.

What is the 52 week high and low for Ocean Power Technologies (NYSEMKT: OPTT)?

(NYSEMKT: OPTT) Ocean Power Technologies's 52-week high was $0.77, and its 52-week low was $0.18. It is currently -76.07% from its 52-week high and 3.95% from its 52-week low.

How much is Ocean Power Technologies stock worth today?

(NYSEMKT: OPTT) Ocean Power Technologies currently has 59,463,573 outstanding shares. With Ocean Power Technologies stock trading at $0.18 per share, the total value of Ocean Power Technologies stock (market capitalization) is $10.94M.

Ocean Power Technologies stock was originally listed at a price of $3,568.00 in Apr 25, 2007. If you had invested in Ocean Power Technologies stock at $3,568.00, your return over the last 17 years would have been -99.99%, for an annualized return of -44.05% (not including any dividends or dividend reinvestments).

How much is Ocean Power Technologies's stock price per share?

(NYSEMKT: OPTT) Ocean Power Technologies stock price per share is $0.18 today (as of May 23, 2024).

What is Ocean Power Technologies's Market Cap?

(NYSEMKT: OPTT) Ocean Power Technologies's market cap is $10.94M, as of May 24, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Ocean Power Technologies's market cap is calculated by multiplying OPTT's current stock price of $0.18 by OPTT's total outstanding shares of 59,463,573.
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