Ocean Power Technologies Stock Today
| OPTT Stock | USD 0.16 0.01 6.67% |
Performance0 of 100
| Odds Of DistressOver 81
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Ocean Power is selling for under 0.16 as of the 25th of November 2024; that is 6.67 percent increase since the beginning of the trading day. The stock's last reported lowest price was 0.16. Ocean Power has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Ocean Power Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of December 2022 and ending today, the 25th of November 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 25th of April 2007 | Category Industrials |
Ocean Power Technologies, Inc. develops and commercializes proprietary systems that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, and Asia. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey. The company has 126.23 M outstanding shares of which 3.98 M shares are now shorted by private and institutional investors with about 1.39 trading days to cover. More on Ocean Power Technologies
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Ocean Stock Highlights
| President CEO | Philipp Stratmann | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Heavy Electrical Equipment, Specialty Industrial Machinery, Industrials, NASDAQ Composite Total, Industrials, Electrical Equipment, Electrical Equipment & Parts, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsOcean Power can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ocean Power's financial leverage. It provides some insight into what part of Ocean Power's total assets is financed by creditors.
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Ocean Power Technologies (OPTT) is traded on NYSE MKT Exchange in USA. It is located in 28 Engelhard Drive, Monroe Township, NJ, United States, 08831 and employs 43 people. Ocean Power is listed under Heavy Electrical Equipment category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 19.65 M. Ocean Power Technologies conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 126.23 M outstanding shares of which 3.98 M shares are now shorted by private and institutional investors with about 1.39 trading days to cover.
Ocean Power Technologies currently holds about 51.9 M in cash with (29.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
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Ownership AllocationOcean Power owns a total of 126.23 Million outstanding shares. Roughly 85.45 pct. of Ocean Power outstanding shares are held by general public with 2.89 % owned by insiders and only 11.66 (%) by third-party entities. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Ocean Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Synovus Financial Corp | 2024-09-30 | 101 K | |
| Group One Trading, Lp | 2024-06-30 | 35.7 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 25.8 K | |
| Commonwealth Equity Services Inc | 2024-06-30 | 25 K | |
| Tower Research Capital Llc | 2024-06-30 | 18.8 K | |
| Baader Bank Inc | 2024-09-30 | 16.7 K | |
| Townsquare Capital Llc | 2024-06-30 | 16 K | |
| Eagle Bluffs Wealth Management Llc | 2024-09-30 | 10 K | |
| Ifp Advisors, Llc | 2024-06-30 | 10 K | |
| Vanguard Group Inc | 2024-09-30 | 1.8 M | |
| Geode Capital Management, Llc | 2024-09-30 | 748.6 K |
Ocean Power Historical Income Statement
Ocean Stock Against Markets
Ocean Power Corporate Management
| Matthew Burdyny | Chief Officer | Profile | |
| Nicholas Day | General Secretary | Profile | |
| Jeff Wiener | Vice Sales | Profile | |
| JD CPA | General Secretary | Profile | |
| Joseph DiPietro | Treasurer Controller | Profile |
Additional Tools for Ocean Stock Analysis
When running Ocean Power's price analysis, check to measure Ocean Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to predict the probability of Ocean Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Power's price. Additionally, you may evaluate how the addition of Ocean Power to your portfolios can decrease your overall portfolio volatility.