How to buy Ocean Power Technologies stock - 09 March

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How to buy Ocean Power Technologies stock

Own Ocean Power Technologies stock in just a few minutes.

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Ocean Power Technologies, Inc is an electrical equipment & parts business based in the US. Ocean Power Technologies shares (OPTT) are listed on the NASDAQ and all prices are listed in US Dollars. Ocean Power Technologies employs 36 staff and has a trailing 12-month revenue of around USD$1.6 million.

How to buy shares in Ocean Power Technologies

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Ocean Power Technologies. Find the stock by name or ticker symbol: OPTT. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Ocean Power Technologies reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Ocean Power Technologies, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Ocean Power Technologies. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Ocean Power Technologies share price

Use our graph to track the performance of OPTT stocks over time.

Ocean Power Technologies shares at a glance

Information last updated 2021-03-03.
52-week rangeUSD$0.329 - USD$7.3
50-day moving average USD$4.3747
200-day moving average USD$2.5204
Wall St. target priceUSD$6
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-4.681

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Ocean Power Technologies stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Ocean Power Technologies financials

Revenue TTM USD$1.6 million
Gross profit TTM USD$-105,000
Return on assets TTM -42.44%
Return on equity TTM -86.46%
Profit margin 0%
Book value $0.566
Market capitalisation USD$107.1 million

TTM: trailing 12 months

Shorting Ocean Power Technologies shares

There are currently 4.0 million Ocean Power Technologies shares held short by investors – that's known as Ocean Power Technologies's "short interest". This figure is 19.6% up from 3.4 million last month.

There are a few different ways that this level of interest in shorting Ocean Power Technologies shares can be evaluated.

Ocean Power Technologies's "short interest ratio" (SIR)

Ocean Power Technologies's "short interest ratio" (SIR) is the quantity of Ocean Power Technologies shares currently shorted divided by the average quantity of Ocean Power Technologies shares traded daily (recently around 18.3 million). Ocean Power Technologies's SIR currently stands at 0.22. In other words for every 100,000 Ocean Power Technologies shares traded daily on the market, roughly 220 shares are currently held short.

However Ocean Power Technologies's short interest can also be evaluated against the total number of Ocean Power Technologies shares, or, against the total number of tradable Ocean Power Technologies shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Ocean Power Technologies's short interest could be expressed as 0.13% of the outstanding shares (for every 100,000 Ocean Power Technologies shares in existence, roughly 130 shares are currently held short) or 0.1294% of the tradable shares (for every 100,000 tradable Ocean Power Technologies shares, roughly 129 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Ocean Power Technologies.

Find out more about how you can short Ocean Power Technologies stock.

Ocean Power Technologies share dividends

We're not expecting Ocean Power Technologies to pay a dividend over the next 12 months.

Have Ocean Power Technologies's shares ever split?

Ocean Power Technologies's shares were split on a 1:20 basis on 12 March 2019. So if you had owned 20 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Ocean Power Technologies shares – just the quantity. However, indirectly, the new 1900% higher share price could have impacted the market appetite for Ocean Power Technologies shares which in turn could have impacted Ocean Power Technologies's share price.

Ocean Power Technologies share price volatility

Over the last 12 months, Ocean Power Technologies's shares have ranged in value from as little as $0.329 up to $7.3. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Ocean Power Technologies's is 3.0955. This would suggest that Ocean Power Technologies's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Ocean Power Technologies overview

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.

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