Ocean Power Technologies Stock Today

OPTT Stock  USD 0.38  0.01  2.56%   

Performance

10 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Less than 26

 
High
 
Low
Below Average
Ocean Power is selling for under 0.38 as of the 17th of July 2024; that is 2.56 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 0.38. Ocean Power has about a 26 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat ok performance during 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 17th of June 2024 and ending today, the 17th of July 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 90.46 M outstanding shares of which 3.98 M shares are now shorted by private and institutional investors with about 0.32 trading days to cover. More on Ocean Power Technologies

Moving together with Ocean Stock

  0.61BW Babcock Wilcox EnterPairCorr

Moving against Ocean Stock

  0.73CXT Crane NXTPairCorr
  0.41DCI Donaldson Fiscal Year End 3rd of September 2024 PairCorr
  0.36HI Hillenbrand Fiscal Year End 20th of November 2024 PairCorr
  0.36CEI Camber EnergyPairCorr
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Ocean Stock Highlights

President CEOPhilipp Stratmann
Business ConcentrationHeavy Electrical Equipment, Specialty Industrial Machinery, Industrials, NASDAQ Composite Total, Industrials, Electrical Equipment, Electrical Equipment & Parts, Industrials (View all Sectors)
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.05590.0589
Notably Down
Slightly volatile
Total Current Liabilities3.9 M7.1 M
Way Down
Very volatile
Non Current Liabilities Total1.8 M1.7 M
Sufficiently Up
Slightly volatile
Total Assets36.6 M48 M
Way Down
Slightly volatile
Total Current Assets31.7 M33.9 M
Notably Down
Pretty Stable
Debt Levels
Ocean Power can leverage 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.
Liquidity
Ocean Power Technologies currently holds 1.84 M in liabilities with Debt to Equity (D/E) ratio of 0.01, which may suggest the company is not taking enough advantage from borrowing. Ocean Power Technologies has a current ratio of 16.45, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Ocean Power's use of debt, we should always consider it together with its cash and equity.

Total Cash From Operating Activities

(20.51 Million)
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 35.38 M. Ocean Power Technologies conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 90.46 M outstanding shares of which 3.98 M shares are now shorted by private and institutional investors with about 0.32 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 Allocation
Ocean Power holds 5.97 pct. of its outstanding shares held by insiders and 5.97 pct. owned by third-party entities.
Check Ocean Ownership Details

Ocean Stock Institutional Holders

InstituionRecorded OnShares
Bank Of New York Mellon Corp2024-03-31
25.8 K
Tower Research Capital Llc2024-03-31
21.4 K
Townsquare Capital Llc2024-03-31
16 K
Two Sigma Securities, Llc2024-03-31
10.5 K
Ubs Group Ag2024-03-31
2.5 K
Advisor Group Holdings, Inc.2024-03-31
1.1 K
Group One Trading, Lp2024-03-31
655
Cape Investment Advisory, Inc.2024-03-31
500
Wells Fargo & Co2024-03-31
460
Vanguard Group Inc2024-03-31
1.8 M
Blackrock Inc2024-03-31
577.4 K
View Ocean Power Diagnostics

Ocean Power Historical Income Statement

At this time, Ocean Power's Net Interest Income is comparatively stable compared to the past year. Reconciled Depreciation is likely to gain to about 769.2 K in 2024, whereas Other Operating Expenses is likely to drop slightly above 18.6 M in 2024. View More Fundamentals

Ocean Stock Against Markets

Ocean Power Corporate Management

Matthew BurdynyChief OfficerProfile
Nicholas DayGeneral SecretaryProfile
Jeff WienerVice SalesProfile
Joseph DiPietroTreasurer ControllerProfile

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.