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S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
3 Dividend Contenders to Buy Now for Long-Term Gains Later
Bank Accounts: Frozen! (Ad)
3 Tech Stocks Well Positioned For Growth At A Reasonable Price
These 3 Dividend Growers Yield More Than the 10-Year Note
Bank Accounts: Frozen! (Ad)
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Seesaw Effect: As Banks Drop, These 3 Stocks Are Going Up
Bank Accounts: Frozen! (Ad)
AI Is Giving 3 Marketing & Ad Firms Revenue & Earnings Boost
GameStop Shares Surge On Surprise Profit
S&P 500   3,936.97
DOW   32,030.11
QQQ   306.12
3 Dividend Contenders to Buy Now for Long-Term Gains Later
Bank Accounts: Frozen! (Ad)
3 Tech Stocks Well Positioned For Growth At A Reasonable Price
These 3 Dividend Growers Yield More Than the 10-Year Note
Bank Accounts: Frozen! (Ad)
Closing prices for crude oil, gold and other commodities
Seesaw Effect: As Banks Drop, These 3 Stocks Are Going Up
Bank Accounts: Frozen! (Ad)
AI Is Giving 3 Marketing & Ad Firms Revenue & Earnings Boost
GameStop Shares Surge On Surprise Profit
NASDAQ:OPTT

Ocean Power Technologies - OPTT Stock Forecast, Price & News

$0.51
+0.01 (+2.01%)
(As of 03/22/2023 12:00 AM ET)
Add
Compare
Today's Range
$0.50
▼
$0.53
50-Day Range
$0.50
▼
$0.76
52-Week Range
$0.44
▼
$1.57
Volume
188,921 shs
Average Volume
202,443 shs
Market Capitalization
$28.59 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

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

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
March 23, 2023 | Investing Daily (Ad)
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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
March 23, 2023 | Investing Daily (Ad)
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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
November 28, 2022 | proactiveinvestors.com
Ocean Power Technologies is uniquely positioned to leverage megatrends in the offshore power industry, says Water Tower Research
November 10, 2022 | finance.yahoo.com
Ocean Power Technologies to Report 2023 Second Quarter Results on December 14, 2022
October 11, 2022 | finance.yahoo.com
Ocean Power Technologies to Participate in the LD Micro Main Event XV Conference
October 5, 2022 | proactiveinvestors.com
Ocean Power Technologies wins maritime surveillance sub-contract for Department of Homeland Security’s Science and Technology Directorate
October 5, 2022 | proactiveinvestors.com
Ocean Power Technologies says maritime surveillance deal is a natural progression for the company
October 5, 2022 | finance.yahoo.com
Ocean Power Technologies Awarded Contract with Department of Homeland Security Science and Technology Directorate on Maritime Domain Awareness – Sensors (MDA-S) Initiative
September 28, 2022 | finance.yahoo.com
11 Best Alternative Energy Stocks to Buy Now
See More Headlines
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OPTT Company Calendar

Last Earnings
9/14/2020
Today
3/22/2023
Fiscal Year End
4/30/2023
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
16.24
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.23 per share
Price / Book
0.41

Miscellaneous

Outstanding Shares
56,210,000
Free Float
55,719,000
Market Cap
$28.59 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

Institutional Ownership

View All Institutional Transactions













OPTT Stock - Frequently Asked Questions

How have OPTT shares performed in 2023?

Ocean Power Technologies' stock was trading at $0.4501 at the start of the year. Since then, OPTT shares have increased by 13.0% and is now trading at $0.5086.
View the best growth stocks for 2023 here.

How were Ocean Power Technologies' earnings last quarter?

Ocean Power Technologies, Inc. (NASDAQ:OPTT) released its quarterly earnings data on Monday, September, 14th. The energy company reported ($0.22) EPS for the quarter. The energy company had revenue of $0.17 million for 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."

Who are Ocean Power Technologies' major shareholders?

Ocean Power Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Geode Capital Management LLC (0.85%), Bailard Inc. (0.29%), Millennium Management LLC (0.11%), Group One Trading L.P. (0.00%) and Concourse Financial Group Securities Inc. (0.00%).
View institutional ownership trends.

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 $0.51.

How much money does Ocean Power Technologies make?

Ocean Power Technologies (NASDAQ:OPTT) has a market capitalization of $28.59 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 3/23/2023 by MarketBeat.com Staff