Ocean Power Technologies Stock Today
| OPTT Stock | USD 0.19 0.01 5.56% |
Performance0 of 100
| Odds Of DistressOver 74
|
Ocean Power is selling for under 0.19 as of the 26th of April 2024; that is 5.56% increase since the beginning of the trading day. The stock's last reported lowest price was 0.18. Ocean Power has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Ocean Power Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of March 2024 and ending today, the 26th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 25th of April 2007 | Category Industrials |
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. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey. The company has 59.46 M outstanding shares of which 3.98 M shares are now shorted by private and institutional investors with about 5.27 trading days to cover. More on Ocean Power Technologies
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Follow Valuation Options Odds of Bankruptcy
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Ocean Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ocean Power's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ocean Power or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Philipp Stratmann | ||||
| Business Concentration | Heavy Electrical Equipment, Specialty Industrial Machinery, Industrials, NASDAQ Composite Total, Industrials, Electrical Equipment, Electrical Equipment & Parts, Industrials (View all Sectors) | ||||
Ocean Power's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ocean Power's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ocean Power's financial leverage. It provides some insight into what part of Ocean Power's total assets is financed by creditors.
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Ocean Power Technologies (OPTT) is traded on NYSE MKT Exchange in USA. It is located in 28 Engelhard Drive, Monroe Township, NJ, United States, 08831 and employs 72 people. Ocean Power is listed under Heavy Electrical Equipment category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 11 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ocean Power's market, we take the total number of its shares issued and multiply it by Ocean Power's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ocean Power Technologies conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 59.46 M outstanding shares of which 3.98 M shares are now shorted by private and institutional investors with about 5.27 trading days to cover.
Ocean Power Technologies currently holds about 51.9 M in cash with (21.71 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Ocean Power Probability Of Bankruptcy
Ownership AllocationOcean Power owns a total of 59.46 Million outstanding shares. Ocean Power holds 5.97 pct. of its outstanding shares held by insiders and 6.84 pct. owned by third-party entities. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Ocean Ownership Details
Ocean Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Ocean Power jumping above the current price in 90 days from now is about 99.0%. The Ocean Power Technologies probability density function shows the probability of Ocean Power stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Ocean Power has a beta of 0.3633. This indicates as returns on the market go up, Ocean Power average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Ocean Power Technologies will be expected to be much smaller as well. Additionally, ocean Power Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Ocean Power to move above the current price in 90 days from now is about 99.0 (This Ocean Power Technologies probability density function shows the probability of Ocean Stock to fall within a particular range of prices over 90 days) .
Ocean Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Ocean Power that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ocean Power's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ocean Power's value.| Instituion | Recorded On | Shares | |
| Citadel Advisors Llc | 2023-09-30 | 38.1 K | |
| Sabby Management Llc | 2023-12-31 | 26.6 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 25.8 K | |
| Commonwealth Equity Services Inc | 2023-12-31 | 24.4 K | |
| Millennium Management Llc | 2023-12-31 | 21.9 K | |
| Tower Research Capital Llc | 2023-12-31 | 21.4 K | |
| Townsquare Capital Llc | 2023-12-31 | 16 K | |
| Koshinski Asset Management Inc | 2023-12-31 | 13.1 K | |
| Ground Swell Capital, Llc | 2023-12-31 | 12.8 K | |
| Vanguard Group Inc | 2023-12-31 | 1.8 M | |
| Blackrock Inc | 2023-12-31 | 580.6 K |
Ocean Power Historical Income Statement
Ocean Power Technologies Income Statement is one of the three primary financial statements used for reporting Ocean's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ocean Power Technologies revenue and expense. Ocean Power Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Ocean Power's Reconciled Depreciation is comparatively stable compared to the past year. View More FundamentalsOcean Stock Against Markets
Picking the right benchmark for Ocean Power stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ocean Power stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ocean Power is critical whether you are bullish or bearish towards Ocean Power Technologies at a given time. Please also check how Ocean Power's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ocean Power without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Ocean Power Corporate Management
Elected by the shareholders, the Ocean Power's board of directors comprises two types of representatives: Ocean Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ocean. The board's role is to monitor Ocean Power's management team and ensure that shareholders' interests are well served. Ocean Power's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ocean Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthew Burdyny | Chief Officer | Profile | |
| Nicholas Day | General Secretary | Profile | |
| Jeff Wiener | Vice Sales | Profile | |
| Joseph DiPietro | Treasurer Controller | Profile |
How to buy Ocean Stock?
Before investing in Ocean Power, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ocean Power. To buy Ocean Power stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ocean Power. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Ocean Power stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ocean Power Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Ocean Power Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ocean Power Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Ocean Stock please use our How to Invest in Ocean Power guide.
Already Invested in Ocean Power Technologies?
The danger of trading Ocean Power Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ocean Power is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ocean Power. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ocean Power Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ocean Power Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ocean Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ocean Power Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Ocean Power Technologies Stock: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ocean Power Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Complementary Tools for Ocean Stock analysis
When running Ocean Power's price analysis, check to measure Ocean Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to predict the probability of Ocean Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Power's price. Additionally, you may evaluate how the addition of Ocean Power to your portfolios can decrease your overall portfolio volatility.
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Is Ocean Power's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ocean Power. If investors know Ocean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ocean Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.52) | Revenue Per Share 0.085 | Quarterly Revenue Growth 1.441 | Return On Assets (0.42) | Return On Equity (0.77) |
The market value of Ocean Power Technologies is measured differently than its book value, which is the value of Ocean that is recorded on the company's balance sheet. Investors also form their own opinion of Ocean Power's value that differs from its market value or its book value, called intrinsic value, which is Ocean Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ocean Power's market value can be influenced by many factors that don't directly affect Ocean Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ocean Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ocean Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ocean Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.