OPTT Stock Overview
Develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, Australia, and Asia. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Ocean Power Technologies, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$0.70 |
| 52 Week High | US$0.82 |
| 52 Week Low | US$0.12 |
| Beta | 2.19 |
| 11 Month Change | 385.44% |
| 3 Month Change | 286.74% |
| 1 Year Change | 79.49% |
| 33 Year Change | -57.58% |
| 5 Year Change | -27.84% |
| Change since IPO | -99.98% |
Recent News & Updates
Recent updates
Ocean Power announces planned transfer of Nasdaq listing to NYSE
Jun 08Ocean Power Technologies buys 3Dent Technology
Feb 02Did Business Growth Power Ocean Power Technologies' (NASDAQ:OPTT) Share Price Gain of 261%?
Jan 13
Ocean Power reports FQ2 results
Dec 07Ocean Power: Could Come Crashing Down
Dec 01Shareholder Returns
| OPTT | US Electrical | US Market | |
|---|---|---|---|
| 7D | 291.1% | -0.6% | 0.7% |
| 1Y | 79.5% | 43.4% | 32.2% |
Return vs Industry: OPTT exceeded the US Electrical industry which returned 43.4% over the past year.
Return vs Market: OPTT exceeded the US Market which returned 31.9% over the past year.
Price Volatility
| OPTT volatility | |
|---|---|
| OPTT Average Weekly Movement | 27.4% |
| Electrical Industry Average Movement | 11.1% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.4% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: OPTT's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: OPTT's weekly volatility (27%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1984 | 43 | Philipp Stratmann | www.oceanpowertechnologies.com |
Ocean Power Technologies, Inc. develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, Australia, and Asia. The company offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations. It also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services.
Ocean Power Technologies, Inc. Fundamentals Summary
| OPTT fundamental statistics | |
|---|---|
| Market cap | US$63.12m |
| Earnings (TTM) | -US$24.90m |
| Revenue (TTM) | US$5.55m |
15.9x
P/S Ratio-3.5x
P/E RatioIs OPTT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OPTT income statement (TTM) | |
|---|---|
| Revenue | US$5.55m |
| Cost of Revenue | US$2.94m |
| Gross Profit | US$2.61m |
| Other Expenses | US$27.51m |
| Earnings | -US$24.90m |
Last Reported Earnings
Jul 31, 2024
Next Earnings Date
Dec 16, 2024
| Earnings per share (EPS) | -0.20 |
| Gross Margin | 46.99% |
| Net Profit Margin | -448.27% |
| Debt/Equity Ratio | 0% |
How did OPTT perform over the long term?
See historical performance and comparison