Ocean Power Technologies, Inc. is developing and seeking to commercialize its systems that generate electricity by connecting the renewable energy of ocean waves. The Company's PowerBuoy systems use technologies that convert the mechanical energy created by the rising and falling of ocean waves into electricity. The Company focuses on developing its PowerBuoy product line, which is based on modular, ocean-going buoys. Its autonomous PowerBuoy generates power for use in remote locations, independent of an existing power grid. The Company focuses on developing and commercializing its PowerBuoy products and services for use in autonomous power applications. The Company markets its PowerBuoys in the United States and internationally. The autonomous PowerBuoy integrates a power take-off (PTO) and onboard system for energy storage and management. Its PowerBuoy product is the PB3. PB3 can act as an uninterruptable power supply (UPS), which recharges itself by harvesting energy from the waves.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $16.09 million
- Outstanding Shares: 6,162,000
Average Prices:- 50 Day Moving Avg: $1.36
- 200 Day Moving Avg: $1.97
- 52 Week Range: $1.24 - $11.98
P/E:- Trailing P/E Ratio: N/A
- P/E Growth: 0.0000
Sales & Book Value:- Annual Revenue: $842,999.00
- Price / Sales: 9.21
- Book Value: $0.88 per share
- Price / Book: 1.43
Profitability:- EBIDTA: ($11,550,000.00)
- Net Margins: -1,125.03%
- Return on Equity: -164.25%
- Return on Assets: -82.72%
Debt:- Current Ratio: 2.12%
- Quick Ratio: 2.12%
Misc:- Average Volume: 565,113 shs.
- Beta: 4.55
- Short Ratio: 4.07
Frequently Asked Questions for Ocean Power Technologies (NASDAQ:OPTT)
What is Ocean Power Technologies' stock symbol?
Ocean Power Technologies trades on the NASDAQ under the ticker symbol "OPTT."
How were Ocean Power Technologies' earnings last quarter?
Ocean Power Technologies, Inc. (NASDAQ:OPTT) posted its earnings results on Friday, December, 9th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $0.17 million for the quarter. Ocean Power Technologies had a negative return on equity of 164.25% and a negative net margin of 1,125.03%. View Ocean Power Technologies' Earnings History.
When will Ocean Power Technologies make its next earnings announcement?
Who are some of Ocean Power Technologies' key competitors?
Some companies that are related to Ocean Power Technologies include EV Energy Partners, L.P. (EVEP), Pacific Drilling S.A. (PACD), SAExploration Holdings (SAEX), Ocean Rig UDW (ORIG), Rex Energy Corporation (REXX), Aemetis (AMTX), Rentech (RTK), Superior Drilling Products (SDPI), Gevo (GEVO), Real Goods Solar (RGSE), Vantage Drilling (VTGDF), U.S. Energy Corp. (USEG), Triangle Petroleum (TPLM), Black Ridge Oil & Gas (ANFC), Cardinal Energy Group (CEGX), New Western Energy Corp. (NWTR), Atlas Resource Partners, L.P. (ARP) and C&J Energy Services (CJES).
Who are Ocean Power Technologies' key executives?
Ocean Power Technologies' management team includes the folowing people:
- George H III Kirby, President, Chief Executive Officer, Director
- Matthew T. Shafer, Chief Financial Officer, Principal Accounting Officer, Vice President - Finance, Treasurer
- Terence J. Cryan, Chairman of the Board
- Robert J. Burger, Independent Director
- Steven M. Fludder, Independent Director
- Dean J. Glover, Independent Director
- Robert K. Winters, Independent Director
How do I buy Ocean Power Technologies stock?
Shares of Ocean Power Technologies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ocean Power Technologies' stock price today?
One share of Ocean Power Technologies stock can currently be purchased for approximately $1.26.
MarketBeat Community Rating for Ocean Power Technologies (NASDAQ OPTT)MarketBeat's community ratings are surveys of what our community members think about Ocean Power Technologies and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Ocean Power Technologies (NASDAQ:OPTT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | No ratings tracked in the last 12 months. |
| Consensus Rating: | N/A (Score: NaN) |
| Consensus Price Target: | N/A |
Analysts' Ratings History for Ocean Power Technologies (NASDAQ:OPTT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 12/22/2015 | HC Wainwright | Reiterated Rating | Neutral | | N/A |  |
(Data available from 7/28/2015 forward)
Earnings History for Ocean Power Technologies (NASDAQ:OPTT)Earnings History by Quarter for Ocean Power Technologies (NASDAQ OPTT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 9/11/2017 | | | | | | | N/A | |
| 12/9/2016 | Q2 2017 | | ($0.25) | | $0.17 million | View | N/A | |
| 9/12/2016 | Q1 | | ($1.72) | | $0.20 million | View | N/A | |
| 3/11/2016 | Q316 | ($1.85) | ($1.05) | $0.63 million | $0.01 million | View | N/A | |
| 12/14/2015 | Q2 | | ($1.71) | | $0.49 million | View | Listen | |
| 9/8/2015 | Q116 | ($0.15) | $0.24 | $0.47 million | $0.11 million | View | Listen | |
| 7/6/2015 | Q415 | ($0.21) | ($0.19) | $0.36 million | $0.49 million | View | Listen | |
| 3/11/2015 | Q315 | ($0.12) | ($0.12) | | $0.33 million | View | Listen | |
| 12/10/2014 | Q215 | | ($0.25) | | $1.75 million | View | N/A | |
| 9/12/2014 | Q115 | ($0.31) | ($0.19) | | $1.54 million | View | N/A | |
| 3/14/2014 | Q3 | ($0.31) | ($0.06) | $865.55 million | $199.62 million | View | Listen | |
| 12/13/2013 | Q2 | ($0.39) | ($0.31) | $0.50 million | $0.50 million | View | Listen | |
| 9/13/2013 | Q1 2014 | ($0.40) | ($0.36) | $0.98 million | $0.46 million | View | Listen | |
| 7/12/2013 | Q4 2013 | | ($0.40) | $1.39 million | $0.41 million | View | Listen | |
| 3/14/2013 | Q3 2013 | ($0.34) | ($0.14) | $0.92 million | $0.87 million | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Ocean Power Technologies (NASDAQ:OPTT)No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for Ocean Power Technologies (NASDAQ:OPTT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Ocean Power Technologies (NASDAQ:OPTT)Insider Ownership Percentage: 4.90%
Institutional Ownership Percentage: 3.36%
Insider Trades by Quarter for Ocean Power Technologies (NASDAQ:OPTT)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 10/24/2016 | George H Kirby III | CEO | Buy | 6,300 | $3.16 | $19,908.00 | |
| 7/16/2015 | George H Kirby III | CEO | Buy | 9,229 | $0.58 | $5,352.82 | |
| 1/20/2015 | David R Heinz | COO | Buy | 20,000 | $0.52 | $10,400.00 | |
| 12/17/2014 | Mark A Featherstone | CFO | Buy | 5,000 | $0.60 | $3,000.00 | |
| 12/16/2014 | David R Heinz | COO | Buy | 5,000 | $0.59 | $2,950.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Ocean Power Technologies (NASDAQ:OPTT)
Latest Headlines for Ocean Power Technologies (NASDAQ:OPTT)
| Source: |
|
| Date | Headline |
|---|
 | Ocean Power Technologies Establishes a Houston Presence To Support Oil & Gas Business Development
www.nasdaq.com - July 26 at 6:10 AM |
 | Ocean Power Technologies Establishes a Houston Presence To Support Oil & Gas Business Development
finance.yahoo.com - July 26 at 6:10 AM |
| Ocean Power Technologies, Inc. :OPTT-US: Earnings Analysis: Q4, 2017 By the Numbers : July 18, 2017
finance.yahoo.com - July 19 at 6:01 AM |
 | Ocean Power Technologies' (OPTT) CEO George Kirby on Q4 2017 Results - Earnings Call Transcript
seekingalpha.com - July 18 at 7:01 AM |
| Edited Transcript of OPTT earnings conference call or presentation 17-Jul-17 7:30pm GMT
finance.yahoo.com - July 18 at 7:01 AM |
| Ocean Power Technologies Announces Results for the Fiscal Fourth Quarter and Full Year Ended April
www.nasdaq.com - July 15 at 7:11 AM |
| Ocean Power Technologies Announces Results for the Fiscal Fourth Quarter and Full Year Ended April 30, 2017
finance.yahoo.com - July 15 at 7:11 AM |
 | Ocean Power Technologies Announces PB3 Commercial PowerBuoy(R) Performance off Kozu-Island, Japan After Eight Weeks of Deployment
www.marketwatch.com - June 13 at 10:38 AM |
| Ocean Power Technologies Announces PB3 Commercial PowerBuoy® Performance off Kozu-Island, Japan After Eight Weeks of Deployment
finance.yahoo.com - June 12 at 6:44 PM |
 | Research Reports Initiation on Machinery Stocks -- Cleantech Solutions, Hudson Technologies, Ocean Power Technologies, and Actuant
www.bizjournals.com - May 24 at 10:15 AM |
| SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Ocean Power Technologies, Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
finance.yahoo.com - May 19 at 11:51 AM |
 | Ocean Power Technologies (OPTT) Earns Daily News Impact Score of -0.19
www.americanbankingnews.com - May 3 at 9:00 AM |
| Ocean Power Technologies, Inc. Announces Closing of Public Offering of Common Stock
finance.yahoo.com - May 2 at 4:50 PM |
| Ocean Power Technologies (OPTT) Earning Favorable Press Coverage, Report Shows
www.americanbankingnews.com - April 28 at 12:14 PM |
 | Ocean Power Technologies, Inc. Prices Offering of 5385000 Shares of Common Stock - GlobeNewswire (press release)
globenewswire.com - April 28 at 12:36 AM |
| Ocean Power Tech prices 5.385M-share offering at $1.30/share
seekingalpha.com - April 27 at 10:14 AM |
| Ocean Power Technologies, Inc. Prices Offering of 5,385,000 Shares of Common Stock
finance.yahoo.com - April 27 at 10:14 AM |
| Ocean Power Technologies (OPTT) Earns Daily Coverage Optimism Score of 0.29
www.americanbankingnews.com - April 25 at 7:58 PM |
| Ocean Power Technologies Wins Big After Japanese PowerBuoy Deployment
finance.yahoo.com - April 24 at 4:43 PM |
| Ocean Power Technologies (OPTT) Given Media Sentiment Rating of 0.05
www.americanbankingnews.com - April 22 at 10:51 AM |
 | Ocean Power Technologies (OPTT) Deploys PB3 PowerBuoy in Japan
www.streetinsider.com - April 21 at 6:53 PM |
| Ocean Power Technologies Announces the Deployment of its PB3 PowerBuoy in Japan
finance.yahoo.com - April 21 at 6:53 PM |
 | BRIEF-Ocean Power Technologies reports manufacturing expansion
www.reuters.com - April 7 at 11:45 AM |
| Ocean Power Technologies to Exhibit its PB3 Commercial PowerBuoy at Offshore Technology Conference in Houston TX
finance.yahoo.com - April 7 at 11:45 AM |
| Ocean Power Technologies Announces Manufacturing Expansion and Relocation of Its Corporate Headquarters
finance.yahoo.com - April 7 at 11:45 AM |
 | Energy Sector Fell Due to Higher Oil Inventories
us.rd.yahoo.com - March 9 at 6:54 PM |
| Ocean Power Technologies to Present at the 29th Annual Roth Capital Partners Conference on March 14, 2017
us.rd.yahoo.com - March 9 at 6:54 PM |
| Ocean Power Technologies' (OPTT) CEO George Kirby on Q3 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - March 8 at 3:42 PM |
| Ocean Power Technologies Inc Earnings Call scheduled for 9:00 am ET today
biz.yahoo.com - March 8 at 9:14 AM |
| Ocean Power Technologies Announces Results for the Fiscal Third Quarter Ended January 31, 2017
finance.yahoo.com - March 7 at 6:55 PM |
| 4:14 pm Ocean Power Tech reports Q3 results
finance.yahoo.com - March 7 at 6:55 PM |
| OCEAN POWER TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - March 7 at 6:55 PM |
| OCEAN POWER TECHNOLOGIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statement
biz.yahoo.com - March 7 at 6:55 PM |
| OCEAN POWER TECHNOLOGIES, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
biz.yahoo.com - February 8 at 7:58 PM |
| Ocean Power Tech +13% on development and marketing agreement
seekingalpha.com - February 7 at 12:08 AM |
| 9:29 am Ocean Power Tech and HAI Technologies announce a joint application development & marketing agreement with an initial focus on offshore oil & gas subsea chemical injection systems; financial terms not disclosed
us.rd.yahoo.com - February 7 at 12:08 AM |
| BUZZ-US STOCKS ON THE MOVE-Hasbro, Tyson Foods, AMD, Newell Brands - Nasdaq
www.nasdaq.com - February 6 at 7:08 PM |
 | 15 Biggest Mid-Day Gainers For Monday - Benzinga
www.benzinga.com - February 6 at 7:08 PM |
| Mid-Morning Market Update: Markets Edge Lower; Tyson Tops Q1 Estimates - Nasdaq
www.nasdaq.com - February 6 at 7:08 PM |
| Ocean Power Technologies (OPTT), HAI Technologies Announce Joint Application Development and Marketing ... - StreetInsider.com
www.streetinsider.com - February 6 at 7:08 PM |
| Ocean Power Technologies and HAI Technologies Announce A Joint Application Development and Marketing Agreement
finance.yahoo.com - February 6 at 7:08 PM |
 | How These Machinery Stocks are Faring? -- Cummins, Xylem ... - PR Newswire (press release)
www.prnewswire.com - January 6 at 7:47 PM |
| OCEAN POWER TECHNOLOGIES, INC. Financials
finance.yahoo.com - December 15 at 7:59 PM |
Ocean Power Technologies (OPTT) Chart for Friday, July, 28, 2017
