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Ocean Power Technologies, Inc is currently in a long term downtrend where the price is trading 18.5% below its 200 day moving average.
From a valuation standpoint, the stock is 1.3% more expensive than other stocks from the Industrials sector with a price to sales ratio of 53.7.
Ocean Power Technologies, Inc's total revenue sank by 56.3% to $317K since the same quarter in the previous year.
Its net income has dropped by 7.9% to $-3M since the same quarter in the previous year.
Finally, its free cash flow fell by 28.1% to $-3M since the same quarter in the previous year.
Based on the above factors, Ocean Power Technologies, Inc gets an overall score of 0/5.
Industry | Specialty Industrial Machinery |
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Exchange | NYSE MKT |
CurrencyCode | USD |
ISIN | US6748705067 |
Sector | Industrials |
Market Cap | 69M |
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PE Ratio | None |
Target Price | 6 |
Beta | 2.52 |
Dividend Yield | None |
Ocean Power Technologies, Inc. develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Europe, Australia, and Asia. The company offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations. It also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, the company offers 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. Further, the company provides offshore data collection, integration, analytics, and real time communication for various applications. Ocean Power Technologies, Inc. serves public and private entities, and agencies that require remote offshore power. The company offers was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.
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