Ocean Power Technologies, Inc. (OPTT): Price and Financial Metrics

Ocean Power Technologies, Inc. (OPTT): $2.30

0.08 (+3.60%)

POWR Rating

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Industry: Water


of 13

in industry


  • Momentum is the dimension where OPTT ranks best; there it ranks ahead of 97% of US stocks.
  • The strongest trend for OPTT is in Growth, which has been heading down over the past 48 weeks.
  • OPTT ranks lowest in Stability; there it ranks in the 1st percentile.

OPTT Stock Summary

  • With a price/sales ratio of 92.17, Ocean Power Technologies Inc has a higher such ratio than 96.44% of stocks in our set.
  • The volatility of Ocean Power Technologies Inc's share price is greater than that of 93.09% US stocks with at least 200 days of trading history.
  • Ocean Power Technologies Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is -66.84%, greater than the shareholder yield of only 4.03% of stocks in our set.
  • Stocks with similar financial metrics, market capitalization, and price volatility to Ocean Power Technologies Inc are CSGS, ASTC, PCTI, THRM, and SIGA.
  • 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

  • In comparison to the median Industrials stock, OPTT's EV/EBIT ratio is 108.7% lower, now standing at -1.9.
  • OPTT's price/sales ratio has moved down 10.7 over the prior 175 months.
  • OPTT's price/earnings ratio has moved up 18.2 over the prior 175 months.

Below are key valuation metrics over time for OPTT.

Stock Date P/S P/B P/E EV/EBIT
OPTT 2021-09-03 90.5 1.4 -7.4 -1.9
OPTT 2021-09-02 96.1 1.4 -7.9 -2.3
OPTT 2021-09-01 96.1 1.4 -7.9 -2.3
OPTT 2021-08-31 96.6 1.4 -7.9 -2.4
OPTT 2021-08-30 93.5 1.4 -7.6 -2.1
OPTT 2021-08-27 94.9 1.4 -7.8 -2.2

OPTT Growth Metrics

  • Its 3 year net income to common stockholders growth rate is now at 6.73%.
  • Its 3 year net cashflow from operations growth rate is now at -11.07%.
  • Its 4 year net income to common stockholders growth rate is now at 21.15%.
Over the past 33 months, OPTT's revenue has gone up $915,000.

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
2021-06-30 1.309 -14.224 -14.454
2021-03-31 1.206 -11.674 -14.76
2020-12-31 1.155 -10.473 -10.779
2020-09-30 1.563 -9.843 -10.547
2020-06-30 1.649 -9.711 -10.712
2020-03-31 1.682 -10.579 -10.352

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 4.93% of graded US stocks.
  • OPTT's asset turnover comes in at 0.024 -- ranking 103rd of 105 Utilities stocks.
  • TRGP, WTRG, and SR 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
2021-04-30 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
2020-01-31 0.083 -0.103 -9.448

OPTT Stock Price Chart Interactive Chart >

Price chart for OPTT

OPTT Price/Volume Stats

Current price $2.30 52-week high $7.30
Prev. close $2.22 52-week low $0.91
Day low $2.17 Volume 1,998,100
Day high $2.35 Avg. volume 4,680,949
50-day MA $2.02 Dividend yield N/A
200-day MA $2.79 Market Cap 120.65M

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.

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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.

Ocean Power Technologies Announces First Quarter Fiscal 2022 Results

Investor Conference Call and Webcast on September 14, 2021, at 11:00 A.M. ETMONROE TOWNSHIP, N.J., Sept. 13, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced financial results for its first quarter, ended July 31, 2021. Recent Operational Highlights Received a U.S. Department of Energy Small Business Innovation Research award to st

Yahoo | September 13, 2021

Ocean Power Technologies Announces DOE Award Supporting Development of Next Generation Wave Energy Converter Concept

MONROE TOWNSHIP, N.J., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. ("OPT" or "the Company") (NYSE American: OPTT), a leader in innovative and cost-effective low-carbon ocean energy solutions, today announced that the U.S. Department of Energy (DOE) selected the Company to further the development of a next-generation wave energy converter.

Intrado Digital Media | August 17, 2021

10 Penny Stocks Redditors are Buying in August

In this article, we discuss the 10 penny stocks Redditors are buying in August. If you want to skip our detailed analysis of these stocks, go directly to the 5 Penny Stocks Redditors are Buying in August. Retail investors, who use internet platforms like Reddit for stock research purposes, now control close to one-fifth of […]

Yahoo | August 12, 2021

A Look at Ocean Power’s Risk Factors Post Q4 Results

Ocean Power Technologies (OPTT) provides marine energy, data, and service solutions. Its PowerBuoy platform caters to diverse markets, including offshore oil and gas, defense and security, science and research, and offshore wind. Let’s take a look at the company's financial performance and what has changed in its key risk factors that investors should know. The company reported flat Q4 revenue at $0.6 million. For Fiscal Year 2021, revenue dropped 28% year-over-year to $1.2 million. The drop was because of project delays due to the COVID-19 pandemic. The company incurred higher costs owing to increased engineering, product development, general and administrative expenses, along with expenses resulting from project delays.

Kailas Salunkhe on TipRanks | July 21, 2021

Is it time to Buy before this weeks earning report Ocean Power Technologies (NASDAQ:OPTT)

Earnings results for Ocean Power Technologies , Analyst Opinion on Ocean Power Technologies , Earnings and Valuation of (NASDAQ:OPTT), Stock market Insights & financial analysis, Best stock to invest, Investment Idea, The post Is it time to Buy before this weeks earning report Ocean Power Technologies (NASDAQ:OPTT) appeared first on .

Stock Market Daily | July 19, 2021

Read More 'OPTT' Stories Here

OPTT Price Returns

1-mo 10.05%
3-mo -9.80%
6-mo -22.03%
1-year 133.03%
3-year -84.87%
5-year -98.21%
YTD -14.50%
2020 209.20%
2019 -87.21%
2018 -69.09%
2017 -62.71%
2016 40.48%

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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