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Ocean Power Technologies, Inc. (OPTT)

0.65   0.005 (0.78%) 12-06 10:14
Open: 0.67 Pre. Close: 0.645
High: 0.6672 Low: 0.65
Volume: 11,949 Market Cap: 36(M)

Technical analysis

as of: 2022-12-06 9:50:08 AM
Overall:       
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 0.84     One year: 0.92
Support: Support1: 0.61    Support2: 0.5
Resistance: Resistance1: 0.72    Resistance2: 0.79
Pivot: 0.65
Moving Average: MA(5): 0.64     MA(20): 0.66
MA(100): 0.87     MA(250): 1.02
MACD: MACD(12,26): -0.1     Signal(9): -0.1
Stochastic oscillator: %K(14,3): 43.1     %D(3): 35.7
RSI: RSI(14): 44.9
52-week: High: 2.05  Low: 0.5
Average Vol(K): 3-Month: 188 (K)  10-Days: 91 (K)

Price, moving averages 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 below upper band by 35.4%. Bollinger Bands are 70% 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 26 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 0.68 - 0.68 0.68 - 0.69
Low: 0.64 - 0.64 0.64 - 0.64
Close: 0.64 - 0.65 0.65 - 0.65

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

Fri, 02 Dec 2022
How to Invest in Hydroelectric Power: Types of Systems & Limitations - TheStreet

Fri, 02 Dec 2022
12 Best Affordable Energy Stocks to Buy Now - Yahoo Finance

Mon, 28 Nov 2022
News snapshot: Harbor Custom Technologies, G Mining Ventures, Power Nickel, Think Research, Deepspatial, Renforth Resources UPDATE... - Proactive Investors USA

Mon, 28 Nov 2022
Ocean Power Technologies is uniquely positioned to leverage megatrends in the offshore power industry, says Water Tower Research - Proactive Investors USA

Wed, 05 Oct 2022
Ocean Power Technologies Awarded Contract with Department of Homeland Security Science and Technology Directorate on Maritime Domain Awareness – Sensors (MDA-S) Initiative - Yahoo Finance

Mon, 12 Sep 2022
Ocean Power Technologies' Q1-2023 Results: Worsening Losses are Concerning - TipRanks

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Underperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Neutral
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  AMEX
Sector:  Industrials
Industry:  Electrical Equipment & Parts
Shares Out. 0 (M)
Shares Float 56 (M)
% Held by Insiders 5.578e+007 (%)
% Held by Institutions 0 (%)
Shares Short 3,080 (K)
Shares Short P.Month 0 (K)

Stock Financials

EPS -1.709e+007
EPS Est Next Qtl 0
EPS Est This Year -5.66
EPS Est Next Year -2.24
Book Value (p.s.) 0
Profit Margin (%) 0
Operating Margin (%) -1
Return on Assets (ttm) 199.5
Return on Equity (ttm) -22.9
Qtrly Rev. Growth 1.44e+006
Gross Profit (p.s.) 64.67
Sales Per Share -22.74
EBITDA (p.s.) -633136
Qtrly Earnings Growth -0.4
Operating Cash Flow 0 (M)
Levered Free Cash Flow -16 (M)

Stock Valuations

PE Ratio -0.01
PEG Ratio 0
Price to Book value 0
Price to Sales -0.03
Price to Cash Flow 0.81

Stock Dividends

Dividend 0
Forward Dividend 2.6e+006
Dividend Yield 0%
Dividend Pay Date 2019-03-11
Ex-Dividend Date Invalid DateTime.
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