Ocean Power Technologies Stock Performance

OPTT Stock  USD 0.38  0.01  2.70%   
Ocean Power holds a performance score of 8 on a scale of zero to a hundred. The company holds a Beta of -0.21, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ocean Power are expected to decrease at a much lower rate. During the bear market, Ocean Power is likely to outperform the market. Use Ocean Power sortino ratio and the relationship between the semi variance and relative strength index , to analyze future returns on Ocean Power.

Risk-Adjusted Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Ocean Power Technologies are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively inconsistent basic indicators, Ocean Power unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor
1:20
Dividend Date
2019-03-12
Last Split Date
2019-03-12
1
Paragon Calls on Ocean Power to Cease Any and All Future Equity Raises That Dilute Existing Stockholders to Fund OPTs Losses and Executive Compensation
04/22/2024
2
Ocean Power Technologies Executive Shake-Up and Strategic Shifts - TipRanks.com - TipRanks
04/26/2024
3
Ocean Power Technologies Announces Renewable Energy Production Milestone
05/13/2024
4
Ocean Power Technologies Awarded Contract for Immediate Delivery of Unmanned Surface Vehicle to Offshore Construction Contractor
06/05/2024
5
Clean energy company announces staggering milestone achievement with wave energy production A commercially available solution
06/12/2024
6
Ocean Power Technologies Launches Global 247 Service Support Offering
06/17/2024
7
Why Ocean Power Technologies Stock Is Moving Higher Wednesday
06/26/2024
8
Ocean Power Technologies signs OEM agreement with Teledyne Marine
06/27/2024
Begin Period Cash Flow8.4 M
Total Cashflows From Investing Activities20.5 M
Free Cash Flow-22.7 M
  

Ocean Power Relative Risk vs. Return Landscape

If you would invest  23.00  in Ocean Power Technologies on April 14, 2024 and sell it today you would earn a total of  15.00  from holding Ocean Power Technologies or generate 65.22% return on investment over 90 days. Ocean Power Technologies is currently generating 1.5623% in daily expected returns and assumes 14.1358% risk (volatility on return distribution) over the 90 days horizon. In different words, most equities are less risky than Ocean, and most traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
       Risk  
Given the investment horizon of 90 days Ocean Power is expected to generate 24.74 times more return on investment than the market. However, the company is 24.74 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.16 per unit of risk.

Ocean Power Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Ocean Power's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Ocean Power Technologies, and traders can use it to determine the average amount a Ocean Power's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1105

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Estimated Market Risk

 14.14
  actual daily
96
96% of assets are less volatile

Expected Return

 1.56
  actual daily
30
70% of assets have higher returns

Risk-Adjusted Return

 0.11
  actual daily
8
92% of assets perform better
Based on monthly moving average Ocean Power is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Ocean Power by adding it to a well-diversified portfolio.

Ocean Power Fundamentals Growth

Ocean Stock prices reflect investors' perceptions of the future prospects and financial health of Ocean Power, and Ocean Power fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Ocean Stock performance.

About Ocean Power Performance

Assessing Ocean Power's fundamental ratios provides investors with valuable insights into Ocean Power's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Ocean Power is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 175.57  288.59 
Return On Tangible Assets(0.74)(0.78)
Return On Capital Employed(0.74)(0.78)
Return On Assets(0.57)(0.60)
Return On Equity(0.69)(0.72)

Things to note about Ocean Power Technologies performance evaluation

Checking the ongoing alerts about Ocean Power for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Ocean Power Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Ocean Power is way too risky over 90 days horizon
Ocean Power has some characteristics of a very speculative penny stock
Ocean Power appears to be risky and price may revert if volatility continues
Ocean Power has high likelihood to experience some financial distress in the next 2 years
The company reported the previous year's revenue of 2.73 M. Net Loss for the year was (26.33 M) with loss before overhead, payroll, taxes, and interest of (101 K).
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.
Ocean Power has a frail financial position based on the latest SEC disclosures
Latest headline from seekingalpha.com: Ocean Power Technologies signs OEM agreement with Teledyne Marine
Evaluating Ocean Power's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Ocean Power's stock performance include:
  • Analyzing Ocean Power's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Ocean Power's stock is overvalued or undervalued compared to its peers.
  • Examining Ocean Power's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Ocean Power's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Ocean Power's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Ocean Power's stock. These opinions can provide insight into Ocean Power's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Ocean Power's stock performance is not an exact science, and many factors can impact Ocean Power's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

Additional 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.