Ocean Power Technologies Stock Analysis

Ocean Stock Analysis Notes

The company has price-to-book ratio of 0.56. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Ocean Power Technologies recorded a loss per share of 0.52. The entity last dividend was issued on the 12th of March 2019. The firm had 1:20 split on the 12th of March 2019. 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. Ocean Power operates under Electrical Equipment Parts classification in the United States and is traded on AMEX Exchange. It employs 54 people. To find out more about Ocean Power Technologies contact Philipp Stratmann at 609 730 0400 or learn more at https://www.oceanpowertechnologies.com.

Ocean Power Technologies Investment Alerts

Ocean Power Technologies Upcoming and Recent Events

Ocean Largest EPS Surprises

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Ocean Stock Institutional Investors

Note, although Ocean Power's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Ocean Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 11.24 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 Profitablity

Management Efficiency

Ocean Power Technologies has return on total asset (ROA) of (0.4221) % which means that it has lost $0.4221 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.7749) %, meaning that it created substantial loss on money invested by shareholders. Ocean Power's management efficiency ratios could be used to measure how well Ocean Power manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.78 in 2024. Return On Capital Employed is likely to drop to -0.78 in 2024. At this time, Ocean Power's Non Current Liabilities Total is comparatively stable compared to the past year. Change To Liabilities is likely to gain to about 1.4 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 36.6 M in 2024.

Technical Drivers

As of the 12th of May 2024, Ocean Power holds the Risk Adjusted Performance of (0.08), coefficient of variation of (689.10), and Variance of 17.29. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ocean Power, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Ocean Power Technologies, which can be compared to its competitors. Please check Ocean Power Technologies coefficient of variation and value at risk to decide if Ocean Power Technologies is priced some-what accurately, providing market reflects its current price of 0.19 per share. As Ocean Power Technologies appears to be a penny stock we also advise to check out its jensen alpha numbers.

Ocean Power Technologies Price Movement Analysis

Ocean Power Technologies Insider Trading Activities

Ocean Power Predictive Daily Indicators

Ocean Power Forecast Models

Ocean Power's time-series forecasting models are one of many Ocean Power's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Ocean Power's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Ocean Power prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Ocean shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Ocean Power. By using and applying Ocean Stock analysis, traders can create a robust methodology for identifying Ocean entry and exit points for their positions.

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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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.

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.

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.