Ocean Power Technologies, Inc.

AMEX:OPTT

$0.5 USD

$0.13 (35.65%)

Volume
87.05M
Average Volume
11.62M
Market Capitalization
$63.12M
P/E Ratio
-1.65
Dividend Yield
0.00%
Price Target
$
Year High
$0.57
Year Low
$0.12
Payout Ratio
$0.00
Current Ratio
$2.16

Industry, Sector & symbol

Stock Exchange American Stock Exchange
CEO Dr. Philipp Stratmann
Industry Electrical Equipment & Parts
Sector Industrials
Current Symbol OPTT
CUSIP 674870506
CIK 0001378140
Web https://www.oceanpowertechnologies.com
Phone 609 730 0400
Currency USD
Employees 43
Country US

Liquidity

Debt-to-Equity Ratio 0.00
Payout Ratio 0.00
Current Ratio 2.16
Quick Ratio 1.05
Cash Ratio 0.62

Sales & Book Value

Annual Sales $5.52M
Price / Sales 11.36
Cash Flow -0.37
Price / Cash Flow -2.05
Price / Book 1.84

Price Target and Rating

Average Stock Price Forecast $
High Stock Price Forecast $
Low Stock Price Forecast $
Forecast Upside/Downside %
Consensus Rating Sell
Rating Score(0-5) 2
Research Coverage 0 Analysts

Profitability

EPS (Most Recent Fiscal Year) $-0.47
Trailing P/E Ratio -1.65
PEG Ratio -0.11
P/E Growth -0.11
Net Income $-27.48M
Net Margin -448.27%
Pretax Margin -470.85%
Return on Equity -101.04%
Return on Assets -85.33%

Financials Score

AltmanZ Score -12.02
Piotroski Score 1.00
Working Capital 5.95M
Total Assets 29.18M
Ebit -26.53M
Market Cap 63.12M
Total Liabilities 6.87M

Poll Results

About Ocean Power Technologies, Inc. (AMEX:OPTT) Stock

Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roami ... ng capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.

Ocean Power Technologies secures major US Navy project - ICYMI

2024-11-02 12:24:54

Ocean Power Technologies Inc (NYSE-A:OPTT) recently highlighted strategic advancements in its defense and offshore energy sectors. Earlier this week, CEO Philipp Stratmann told Proactive about progress on Project Overmatch, an initiative with the US Navy focused on multi-domain operations that deploy multiple unmanned surface vehicles.

Ocean Power Technologies gets follow-on order as major deliveries carried out

2024-10-31 10:06:08

Ocean Power Technologies Inc (NYSE-A:OPTT) has announced a follow-on order for its WAM-V 8 unmanned surface vehicle from a customer in the Latin America region. This comes after several major contractual milestones were completed in the region with deliveries of a WAM-V 16 and WAM-V 22, Ocean Power Technologies said on Thursday.

Ocean Power Technologies Secures Follow-On Order for WAM-V 8 and Delivers WAM-V 16 and WAM-V 22 to Latin America

2024-10-31 08:15:00

MONROE TOWNSHIP, N.J., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced it has completed several major contractual milestones and delivered new unmanned surface vehicles, a WAM-V 16 and a WAM-V 22, to previously announced survey customers in Latin America.

Ocean Power Technologies demonstrates defense capabilities with completion of Project Overmatch milestone

2024-10-28 08:57:50

Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it has completed a major milestone for the Naval Information Warfare Center Pacific's Project Overmatch. The provider of intelligent maritime solutions said it has completed the second set of services of the previously announced follow-on contract as a subcontractor to EpiSci, resulting in immediate revenue recognition.

Ocean Power Technologies Completes Major Milestone for Naval Information Warfare Center Pacific's Project Overmatch

2024-10-28 08:15:00

MONROE TOWNSHIP, N.J., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ocean Power Technologies, Inc. (NYSE American: OPTT) (“OPT” or the “Company”), a leader in innovative and cost-effective low-carbon marine power, data, and service solutions, today announced that it has completed the second set of exercises of the previously announced follow-on contract as a subcontractor to EpiSci and successfully deployed several of its WAM-V autonomous surface vehicles during the Mission Autonomy Proving Grounds (MAPG) as part of Project Overmatch.

Frequently Asked Questions

What is the current Ocean Power Technologies, Inc. (OPTT) stock price?

Ocean Power Technologies, Inc.(AMEX:OPTT) stock price is $0.5 in the last trading session. During the trading session, OPTT stock reached the peak price of $0.57 while $0.12 was the lowest point it dropped to. The percentage change in OPTT stock occurred in the recent session was 35.65% while the dollar amount for the price change in OPTT stock was $0.13.

OPTT's industry and sector of operation?

The AMEX listed OPTT is part of Electrical Equipment & Parts industry that operates in the broader Industrials sector.

Who are the executives of OPTT?

Mr. Tracy D. Pagliara CPA, J.D. | General Counsel & Secretary
Mr. Matthew Burdyny | Chief Commercial Officer
Dr. Philipp Stratmann | Chief Executive Officer, President & Director
Mr. Robert Patrick Powers | Senior Vice President, Chief Financial Officer & Principal Accounting Officer
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How many employees does OPTT have?

Number of OPTT employees currently stands at 43. OPTT operates from 28 Engelhard Drive, Monroe Township, NJ 08831, US.

Link for OPTT official website?

Official Website of OPTT is: https://www.oceanpowertechnologies.com

How do I contact OPTT?

OPTT could be contacted at phone #609 730 0400 and can also be accessed through its website. OPTT operates from 28 Engelhard Drive, Monroe Township, NJ 08831, US.

How many shares of OPTT are traded daily?

The average number of OPTT shares traded daily for last 3 months was 11.62M.

What is the market cap of OPTT currently?

The market value of OPTT currently stands at $63.12M with its latest stock price at $0.5