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How to buy Ocean Power Technologies stock

Learn how to easily invest in Ocean Power Technologies stock.

Ocean Power Technologies Inc is an electrical equipment & parts business based in the US. Ocean Power Technologies shares (OPTT) are listed on the NYSE MKT and all prices are listed in US Dollars. Ocean Power Technologies employs 54 staff and has a trailing 12-month revenue of around $2.2 million.

How to buy shares in Ocean Power Technologies

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – OPTT – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.
Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.

Ocean Power Technologies stock price (NYSE MKT: OPTT)

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

Ocean Power Technologies shares at a glance

Information last updated 2022-09-18.
Latest market close$0.76
52-week range$0.50 - $2.76
50-day moving average $0.98
200-day moving average $1.14
Wall St. target price$6.00
PE ratio N/A
Dividend yield $0 (0%)
Earnings per share (TTM) $-0.36

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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 price performance over time

Historical closes compared with the close of $0.7598 from 2022-09-23

1 week (2022-09-13) N/A
1 month (2022-08-23) -29.65%
3 months (2022-06-24) 17.80%
6 months (2022-03-23) -49.68%
1 year (2021-09-24) -64.33%
2 years (2020-09-24) -23.02%
3 years (2019-09-24) 1.76
5 years (2017-09-22) 1.23

Ocean Power Technologies financials

Revenue TTM $2.2 million
Gross profit TTM $-101,000
Return on assets TTM -19.02%
Return on equity TTM -30.69%
Profit margin 0%
Book value $1.15
Market capitalisation $58.7 million

TTM: trailing 12 months

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 11 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 $0.5 up to $2.76. A popular way to gauge a stock's volatility is its "beta".

OPTT.US volatility(beta: 1.82)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE MKT average) beta is 1, while Ocean Power Technologies's is 1.8182. This would suggest that Ocean Power Technologies's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

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 America, South America, Europe, and Asia. It offers PB3 PowerBuoy system that generates power for use independent of the power grid in offshore locations. The company also provides hybrid PowerBuoy products; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers distributed offshore power and communications for remote surface and subsea applications in markets, such as defense and security, offshore oil and gas, science and research, and offshore wind. Further, the company provides Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Additionally, it offers offshore data collection, integration, analytics, and real time communication for various applications.

Frequently asked questions

What percentage of Ocean Power Technologies is owned by insiders or institutions?
Currently 0.052% of Ocean Power Technologies shares are held by insiders and 10.66% by institutions.
How many people work for Ocean Power Technologies?
Latest data suggests 54 work at Ocean Power Technologies.
When does the fiscal year end for Ocean Power Technologies?
Ocean Power Technologies's fiscal year ends in April.
Where is Ocean Power Technologies based?
Ocean Power Technologies's address is: 28 Engelhard Drive, Monroe Township, NJ, United States, 08831
What is Ocean Power Technologies's ISIN number?
Ocean Power Technologies's international securities identification number is: US6748705067
What is Ocean Power Technologies's CUSIP number?
Ocean Power Technologies's Committee on Uniform Securities Identification Procedures number is: 674870308

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