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DOW   31,270.09
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NASDAQ:OPTT

Ocean Power Technologies Stock Forecast, Price & News

$3.42
-0.33 (-8.80 %)
(As of 03/3/2021 12:00 AM ET)
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Today's Range
$3.38
Now: $3.42
$3.82
50-Day Range
$2.88
MA: $4.37
$5.84
52-Week Range
$0.33
Now: $3.42
$7.30
Volume3.03 million shs
Average Volume12.67 million shs
Market Capitalization$105.33 million
P/E RatioN/A
Dividend YieldN/A
Beta3.24
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North and South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in remote offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and payloads, integration services, and marine installation services. In addition, it offers electric power and real-time data communications for remote offshore and subsea applications in markets, such as offshore oil and gas, defense and security, science and research, and communications. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was founded in 1984 and is headquartered in Monroe Township, New Jersey.
Ocean Power Technologies logo

Headlines

Ocean Power Technologies Acquires 3Dent Technology, LLC
February 2, 2021 |  finance.yahoo.com
Ocean Power Technologies, Inc. (OPTT)
January 31, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
Current SymbolNASDAQ:OPTT
CUSIPN/A
Phone609-730-0400
Employees36
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.68 million
Book Value$1.21 per share

Profitability

Net Income$-10,350,000.00
Net Margins-674.79%

Miscellaneous

Market Cap$105.33 million
Next Earnings Date3/8/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

0.58 out of 5 stars

Oils/Energy Sector

430th out of 668 stocks

Electric Services Industry

63rd out of 78 stocks

Analyst Opinion: 0.0Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -
$3.42
-0.33 (-8.80 %)
(As of 03/3/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ocean Power Technologies (NASDAQ:OPTT) Frequently Asked Questions

What stocks does MarketBeat like better than Ocean Power Technologies?

Wall Street analysts have given Ocean Power Technologies a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ocean Power Technologies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Ocean Power Technologies?

Ocean Power Technologies saw a increase in short interest during the month of January. As of January 29th, there was short interest totaling 3,370,000 shares, an increase of 93.7% from the January 14th total of 1,740,000 shares. Based on an average daily volume of 10,500,000 shares, the short-interest ratio is currently 0.3 days.
View Ocean Power Technologies' Short Interest
.

When is Ocean Power Technologies' next earnings date?

Ocean Power Technologies is scheduled to release its next quarterly earnings announcement on Monday, March 8th 2021.
View our earnings forecast for Ocean Power Technologies
.

How were Ocean Power Technologies' earnings last quarter?

Ocean Power Technologies, Inc. (NASDAQ:OPTT) posted its quarterly earnings data on Monday, December, 7th. The energy company reported ($0.15) earnings per share (EPS) for the quarter. The energy company earned $0.12 million during the quarter. Ocean Power Technologies had a negative net margin of 674.79% and a negative trailing twelve-month return on equity of 95.81%.
View Ocean Power Technologies' earnings history
.

How has Ocean Power Technologies' stock price been impacted by COVID-19 (Coronavirus)?

Ocean Power Technologies' stock was trading at $0.49 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, OPTT stock has increased by 598.0% and is now trading at $3.42.
View which stocks have been most impacted by COVID-19
.

Who are Ocean Power Technologies' key executives?

Ocean Power Technologies' management team includes the following people:
  • Mr. George H. Kirby III, Pres, CEO & Director (Age 51, Pay $449.94k)
  • Mr. Matthew T. Shafer, CFO, VP of Fin. & Treasurer (Age 50, Pay $260.4k)
  • John W. Lawrence, Gen. Counsel & Sec.
  • Mr. Jeff Wiener, VP of Global Sales

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

3 employees have rated Ocean Power Technologies CEO George Kirby on Glassdoor.com. George Kirby has an approval rating of 72% among Ocean Power Technologies' employees.

Who are some of Ocean Power Technologies' key competitors?

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), (SCON), 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."

Who are Ocean Power Technologies' major shareholders?

Ocean Power Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (2.86%), Northern Trust Corp (0.19%), Jane Street Group LLC (0.11%), Bank of New York Mellon Corp (0.09%), Telemus Capital LLC (0.03%) and IFP Advisors Inc (0.03%).
View institutional ownership trends for Ocean Power Technologies
.

Which institutional investors are buying Ocean Power Technologies stock?

OPTT stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Northern Trust Corp, Jane Street Group LLC, Bank of New York Mellon Corp, Telemus Capital LLC, and IFP Advisors Inc.
View insider buying and selling activity for Ocean Power Technologies
or or view top insider-buying stocks.

How do I buy shares of Ocean Power Technologies?

Shares of OPTT 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 $3.42.

How much money does Ocean Power Technologies make?

Ocean Power Technologies has a market capitalization of $105.33 million and generates $1.68 million in revenue each year.

How many employees does Ocean Power Technologies have?

Ocean Power Technologies employs 36 workers across the globe.

What is Ocean Power Technologies' official website?

The official website for Ocean Power Technologies is www.oceanpowertechnologies.com.

Where are Ocean Power Technologies' headquarters?

Ocean Power Technologies is headquartered at 28 ENGELHARD DRIVE SUITE B, MONROE TOWNSHIP NJ, 08831.

How can I contact Ocean Power Technologies?

Ocean Power Technologies' mailing address is 28 ENGELHARD DRIVE SUITE B, MONROE TOWNSHIP NJ, 08831. The energy company can be reached via phone at 609-730-0400 or via email at [email protected]


This page was last updated on 3/4/2021 by MarketBeat.com Staff

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