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Ocean Power Technologies, Inc. (OPTT)
0.1541  -0.006 (-3.75%)    10-07 16:00
Open: 0.1586
High: 0.1635
Volume: 3,026,278
  
Pre. Close: 0.1601
Low: 0.1495
Market Cap: 15(M)
Technical analysis
2024-10-07 4:44:27 PM
Short term     
Mid term     
Targets 6-month :  0.26 1-year :  0.32
Resists First :  0.22 Second :  0.28
Pivot price 0.16
Supports First :  0.13 Second :  0.11
MAs MA(5) :  0.15 MA(20) :  0.17
MA(100) :  0.21 MA(250) :  0.26
MACD MACD :  -0.1 Signal :  -0.1
%K %D K(14,3) :  11.8 D(3) :  8.8
RSI RSI(14): 42.1
52-week High :  0.56 Low :  0.11
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ OPTT ] has closed above bottom band by 30.8%. Bollinger Bands are 49% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 0 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 0.16 - 0.16 0.16 - 0.17
Low: 0.15 - 0.15 0.15 - 0.15
Close: 0.15 - 0.15 0.15 - 0.16
Company Description

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 roaming 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.

Headline News

Mon, 07 Oct 2024
Ocean Power Technologies Confirms Shipment of AI capable Merrows™ PowerBuoy® for the Middle East - The Manila Times

Mon, 07 Oct 2024
Ocean Power Technologies Confirms Shipment of AI capable Merrows™ PowerBuoy® for the Middle East - Marketscreener.com

Mon, 07 Oct 2024
Ocean Power Technologies Confirms Shipment of AI capable Merrows™ PowerBuoy® for the Middle East - StockTitan

Sat, 05 Oct 2024
Ocean Power Technologies, Inc. Signs a Memorandum of Understanding with Serviço Nacional de Aprendizagem Industrial to Explore Collaborating Together Toward Blue Economy Opportunities Including Deployment of WAM-V Autonomous and Unmanned - Marketscreener.com

Wed, 25 Sep 2024
Ocean Power Technologies Signs Agreement with Serviço Nacional de Aprendizagem Industrial to Advance Autonomous Ocean Developments - StockTitan

Wed, 18 Sep 2024
Ocean Power Technologies Inc (OPTT) Q1 2025 Earnings Call Transcript Highlights: Strong ... - Yahoo Finance

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
AMEX
Sector:
Industrials
Industry:
Electrical Equipment & Parts
Shares Out 96 (M)
Shares Float 89 (M)
Held by Insiders 3.7 (%)
Held by Institutions 4 (%)
Shares Short 4,740 (K)
Shares Short P.Month 6,440 (K)
Stock Financials
EPS -0.47
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 0.31
Profit Margin 0 %
Operating Margin -427.5 %
Return on Assets (ttm) -44.8 %
Return on Equity (ttm) -86.9 %
Qtrly Rev. Growth 60.4 %
Gross Profit (p.s.) 0
Sales Per Share 0.05
EBITDA (p.s.) -0.31
Qtrly Earnings Growth 0 %
Operating Cash Flow -30 (M)
Levered Free Cash Flow -24 (M)
Stock Valuations
PE Ratio -0.33
PEG Ratio 0
Price to Book value 0.48
Price to Sales 2.66
Price to Cash Flow -0.5
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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