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Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
NASDAQ:OPTT

Ocean Power Technologies (OPTT) Stock Forecast, Price & News

$0.56
+0.03 (+5.66%)
(As of 06/2/2023 ET)
Compare
Today's Range
$0.53
▼
$0.56
50-Day Range
$0.49
▼
$0.56
52-Week Range
$0.44
▼
$1.49
Volume
236,356 shs
Average Volume
99,675 shs
Market Capitalization
$31.48 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
ProfileChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

OPTT stock logo

About Ocean Power Technologies (NASDAQ:OPTT) Stock

Ocean Power Technologies, Inc. engages in commercializing proprietary systems that generate electricity predominantly by harnessing the renewable energy of ocean waves. It offers PB3 PowerBuoy, which generates electricity by harnessing the renewable energy of ocean waves. It operates through the following geographical segments: North and South America, Europe, and Asia and Australia. The company was founded by George W. Taylor on April 19, 1984 and is headquartered in Monroe Township, NJ.

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OPTT Stock News Headlines

April 27, 2023 | seekingalpha.com
OPTT Ocean Power Technologies, Inc.
April 27, 2023 | finance.yahoo.com
Ocean Power Technologies, Inc. to Participate in Water Tower Fireside Chat Series
June 4, 2023 | Behind the Markets (Ad)
NOTICE: Your retirement is in immediate danger
Soon you may be forced to spend your afternoons packing grocery bags at Walmart instead of going to the park with your grandchildren. Why? Because not only could your money be worth even less than it already is now, but certain stocks and cryptocurrencies could drop by 80%. Even your social security check could be worth 21% less! Learn how to protect your retirement here >>>
April 17, 2023 | finance.yahoo.com
OPT deployment of next-generation Wave Energy Converter Buoys opens new chapter for customers
April 15, 2023 | thestreet.com
Ocean Power Technologies (OPTT) Highlighted As Today's Perilous Reversal Stock
April 13, 2023 | proactiveinvestors.com
Ocean Power Technologies deploys next-generation wave energy convertor buoy
April 13, 2023 | finance.yahoo.com
Ocean Power Technologies Announces Deployment of Next Generation Wave Energy Converter Buoy
March 15, 2023 | insidermonkey.com
Ocean Power Technologies, Inc. (AMEX:OPTT) Q3 2023 Earnings Call Transcript
June 4, 2023 | Behind the Markets (Ad)
NOTICE: Your retirement is in immediate danger
Soon you may be forced to spend your afternoons packing grocery bags at Walmart instead of going to the park with your grandchildren. Why? Because not only could your money be worth even less than it already is now, but certain stocks and cryptocurrencies could drop by 80%. Even your social security check could be worth 21% less! Learn how to protect your retirement here >>>
March 13, 2023 | proactiveinvestors.com
Ocean Power Technologies sees 3Q revenue climb 52% on autonomous vehicles sales, increase in consulting services
March 13, 2023 | finance.yahoo.com
Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2023 Results
February 25, 2023 | proactiveinvestors.com
OPT to present at World Ocean Summit & Expo
February 13, 2023 | finance.yahoo.com
Ocean Power Technologies to Report 2023 Third Quarter Results on March 13, 2023
January 29, 2023 | thestreet.com
Why Ocean Power Technologies (OPTT) Stock Is Sinking Today
January 20, 2023 | finance.yahoo.com
OPT to Participate in Third Installment of Fireside Chat Series with Water Tower Research on January 26, 2023
January 14, 2023 | thestreet.com
Ocean Power Technologies (OPTT) Stock Up in After-Hours Trading on DoE Funding
December 22, 2022 | thestreet.com
Lockheed Martin (LMT) Jumps on Ocean Power (OPTT) Deal
December 22, 2022 | finance.yahoo.com
Ocean Power Technologies, Inc. (AMEX:OPTT) Q2 2023 Earnings Call Transcript
December 19, 2022 | proactiveinvestors.com
Ocean Power Technologies Q2 results showed its consulting business driving top-line growth, notes analyst
December 19, 2022 | proactiveinvestors.com
Ocean Power Technologies Q2 results showed its consulting business driving top-line growth, notes Water Tower Research analyst
December 17, 2022 | thestreet.com
Ocean Power Technologies (OPTT) Is Today's Perilous Reversal Stock
December 17, 2022 | thestreet.com
Why Ocean Power Technologies (OPTT) Stock Is Higher In After-Hours Trading
December 17, 2022 | thestreet.com
Why Ocean Power Technologies (OPTT) Is Spiking Today
December 15, 2022 | finance.yahoo.com
Ocean Power Technologies to Participate in a Fireside Chat with Water Tower Research on Friday, December 16
December 14, 2022 | proactiveinvestors.com
Ocean Power Technologies cuts losses as orders and revenues grow
December 14, 2022 | finance.yahoo.com
Ocean Power Technologies, Inc. Announces Second Quarter Fiscal 2023 Results
December 14, 2022 | finance.yahoo.com
Ocean Power Technologies Announces Adjournment of Annual Meeting of Stockholders
See More Headlines

OPTT Price History

OPTT Company Calendar

Last Earnings
3/13/2023
Today
6/03/2023
Next Earnings (Estimated)
7/11/2023
Fiscal Year End
4/30/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Electric services
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NASDAQ:OPTT
CUSIP
N/A
CIK
1378140
Web
www.oceanpowertechnologies.com
Phone
(609) 730-0400
Fax
609-730-0404
Employees
46
Year Founded
1984

Profitability

EPS (Most Recent Fiscal Year)
($0.39)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-18,870,000.00
Net Margins
-875.11%
Pretax Margin
-917.39%
Return on Equity
-35.99%
Return on Assets
-33.11%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
9.53
Quick Ratio
9.23

Sales & Book Value

Annual Sales
$1.76 million
Price / Sales
17.89
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.23 per share
Price / Book
0.46

Miscellaneous

Outstanding Shares
56,210,000
Free Float
55,719,000
Market Cap
$31.48 million
Optionable
Not Optionable
Beta
1.92

Social Links


Key Executives

  • J. Philipp Stratmann
    President, Chief Executive Officer & Director
  • Ethan Butler
    Vice President-Engineering & Operations
  • Robert P. Powers
    Chief Financial Officer & Senior Vice President
  • Joseph DiPietro
    Treasurer, Chief Accounting Officer & Controller
  • Matthew Burdyny
    Vice President-Global Sales & Marketing

Key Competitors

View All Competitors













OPTT Stock - Frequently Asked Questions

How have OPTT shares performed in 2023?

Ocean Power Technologies' stock was trading at $0.4501 at the beginning of the year. Since then, OPTT shares have increased by 24.4% and is now trading at $0.56.
View the best growth stocks for 2023 here.

When is Ocean Power Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 11th 2023.
View our OPTT earnings forecast.

How were Ocean Power Technologies' earnings last quarter?

Ocean Power Technologies, Inc. (NASDAQ:OPTT) announced its quarterly earnings results on Monday, March, 13th. The energy company reported ($0.11) earnings per share for the quarter. The energy company earned $0.73 million during the quarter. Ocean Power Technologies had a negative net margin of 875.11% and a negative trailing twelve-month return on equity of 35.99%.

What is George Kirby's approval rating as Ocean Power Technologies' CEO?

3 employees have rated Ocean Power Technologies Chief Executive Officer George Kirby on Glassdoor.com. George Kirby has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Ocean Power Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ocean Power Technologies investors own include Advanced Micro Devices (AMD), Plug Power (PLUG), FuelCell Energy (FCEL), iBio (IBIO), Inovio Pharmaceuticals (INO), MicroVision (MVIS), OPKO Health (OPK), Atossa Therapeutics (ATOS) and Gevo (GEVO).

What is Ocean Power Technologies' stock symbol?

Ocean Power Technologies trades on the NASDAQ under the ticker symbol "OPTT."

How do I buy shares of Ocean Power Technologies?

Shares of OPTT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ocean Power Technologies' stock price today?

One share of OPTT stock can currently be purchased for approximately $0.56.

How much money does Ocean Power Technologies make?

Ocean Power Technologies (NASDAQ:OPTT) has a market capitalization of $31.48 million and generates $1.76 million in revenue each year. The energy company earns $-18,870,000.00 in net income (profit) each year or ($0.39) on an earnings per share basis.

How can I contact Ocean Power Technologies?

Ocean Power Technologies' mailing address is 28 ENGELHARD DRIVE SUITE B, MONROE TOWNSHIP NJ, 08831. The official website for the company is www.oceanpowertechnologies.com. The energy company can be reached via phone at (609) 730-0400, via email at investorrelations@oceanpowertech.com, or via fax at 609-730-0404.

This page (NASDAQ:OPTT) was last updated on 6/4/2023 by MarketBeat.com Staff

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