S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
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3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold

Ocean Power Technologies (OPTT) Competitors

$0.18
-0.02 (-10.07%)
(As of 04/19/2024 ET)

OPTT vs. WAVE, HLGN, HGAS, VVPR, HUSA, ROCG, ISUN, SPI, MARPS, and MTR

Should you be buying Ocean Power Technologies stock or one of its competitors? The main competitors of Ocean Power Technologies include Eco Wave Power Global AB (publ) (WAVE), Heliogen (HLGN), Global Gas (HGAS), VivoPower International (VVPR), Houston American Energy (HUSA), Roth CH Acquisition IV (ROCG), iSun (ISUN), SPI Energy (SPI), Marine Petroleum Trust (MARPS), and Mesa Royalty Trust (MTR). These companies are all part of the "oils/energy" sector.

Ocean Power Technologies vs.

Eco Wave Power Global AB (publ) (NASDAQ:WAVE) and Ocean Power Technologies (NASDAQ:OPTT) are both small-cap oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, community ranking, profitability, dividends, analyst recommendations, media sentiment, institutional ownership, earnings and risk.

0.6% of Eco Wave Power Global AB (publ) shares are held by institutional investors. Comparatively, 11.9% of Ocean Power Technologies shares are held by institutional investors. 31.3% of Eco Wave Power Global AB (publ) shares are held by company insiders. Comparatively, 0.9% of Ocean Power Technologies shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Ocean Power Technologies received 209 more outperform votes than Eco Wave Power Global AB (publ) when rated by MarketBeat users.

CompanyUnderperformOutperform
Eco Wave Power Global AB (publ)N/AN/A
Ocean Power TechnologiesOutperform Votes
209
74.38%
Underperform Votes
72
25.62%

Eco Wave Power Global AB (publ) has higher earnings, but lower revenue than Ocean Power Technologies. Eco Wave Power Global AB (publ) is trading at a lower price-to-earnings ratio than Ocean Power Technologies, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Eco Wave Power Global AB (publ)$310K73.40-$1.71M-$0.35-11.71
Ocean Power Technologies$2.73M3.89-$26.33M-$0.52-0.34

In the previous week, Ocean Power Technologies had 5 more articles in the media than Eco Wave Power Global AB (publ). MarketBeat recorded 5 mentions for Ocean Power Technologies and 0 mentions for Eco Wave Power Global AB (publ). Eco Wave Power Global AB (publ)'s average media sentiment score of 0.70 beat Ocean Power Technologies' score of 0.00 indicating that Ocean Power Technologies is being referred to more favorably in the news media.

Company Overall Sentiment
Eco Wave Power Global AB (publ) Neutral
Ocean Power Technologies Positive

Eco Wave Power Global AB (publ) has a beta of -0.21, meaning that its stock price is 121% less volatile than the S&P 500. Comparatively, Ocean Power Technologies has a beta of 2.03, meaning that its stock price is 103% more volatile than the S&P 500.

Eco Wave Power Global AB (publ) has a net margin of 0.00% compared to Eco Wave Power Global AB (publ)'s net margin of -614.25%. Ocean Power Technologies' return on equity of -20.32% beat Eco Wave Power Global AB (publ)'s return on equity.

Company Net Margins Return on Equity Return on Assets
Eco Wave Power Global AB (publ)N/A -20.32% -16.14%
Ocean Power Technologies -614.25%-86.93%-69.96%

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Eco Wave Power Global AB (publ)
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
N/A
Ocean Power Technologies
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
N/A

Summary

Eco Wave Power Global AB (publ) and Ocean Power Technologies tied by winning 7 of the 14 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding OPTT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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OPTT vs. The Competition

MetricOcean Power TechnologiesElectric services IndustryEnergy SectorNASDAQ Exchange
Market Cap$10.63M$12.17B$7.90B$7.31B
Dividend YieldN/A5.04%11.59%4.01%
P/E Ratio-0.3417.1719.9917.57
Price / Sales3.8931.3895.6489.25
Price / CashN/A7.0011.8534.82
Price / Book0.231.573.534.14
Net Income-$26.33M$665.51M$990.99M$214.16M
7 Day Performance-24.88%0.02%-2.48%-3.52%
1 Month Performance-40.93%4.00%2.86%-3.98%
1 Year Performance-67.19%-1.29%2.43%3.38%

Ocean Power Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
WAVE
Eco Wave Power Global AB (publ)
0 of 5 stars
$3.01
-28.3%
N/A+25.2%$16.71M$310,000.00-8.6012Gap Down
High Trading Volume
HLGN
Heliogen
0 of 5 stars
$1.47
-1.3%
N/A-86.7%$8.66M$4.45M-0.07144News Coverage
Gap Down
HGAS
Global Gas
0 of 5 stars
$1.69
+0.6%
N/AN/A$13.74MN/A0.002Short Interest ↓
Gap Up
VVPR
VivoPower International
0 of 5 stars
$4.98
-11.1%
N/A-12.1%$13.10M$15.06M0.00108Gap Down
HUSA
Houston American Energy
0 of 5 stars
$1.50
-5.7%
N/AN/A$16.37M$790,000.00-5.002Gap Up
ROCG
Roth CH Acquisition IV
0 of 5 stars
$1.14
+9.6%
N/A-91.2%$16.91MN/A0.002,021Gap Up
High Trading Volume
ISUN
iSun
2.4565 of 5 stars
$0.24
flat
$1.92
+691.0%
-78.2%$11.47M$76.45M-0.41290Positive News
Gap Up
SPI
SPI Energy
0 of 5 stars
$0.61
-4.7%
$6.00
+880.7%
-61.3%$19.33M$177.52M-0.70316
MARPS
Marine Petroleum Trust
1.0503 of 5 stars
$4.53
-4.6%
N/A-43.2%$9.50M$1.13M10.062,021Analyst Report
News Coverage
Positive News
MTR
Mesa Royalty Trust
0.2488 of 5 stars
$11.13
-2.8%
N/A-40.4%$20.70M$3.28M7.27N/ADividend Cut
News Coverage
Gap Down

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This page (NASDAQ:OPTT) was last updated on 4/19/2024 by MarketBeat.com Staff

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