Ocean Power Technologies, Inc. (OPTT)Industrials | Specialty Industrial Machinery | Monroe Township, United States | NYSE American
0.72 USD
+0.02
(3.119%)
⇧
(Oct. 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 3:51 a.m. EDT
The fundamental picture is catastrophic: the company has lost 99.5% of its value over the last nine years, trades at a negative earnings multiple, and burns cash at an accelerating rate. Despite a recent price spike, the underlying business remains insolvent with negative gross margins and a debt load exceeding its cash reserves. The recent price action shows a violent collapse from September highs, leaving the stock trading near its 52-week low. While analysts have set a theoretical target of $45, this ignores the reality of a company with no earnings and a deteriorating balance sheet; such targets often reflect a binary bet on a miraculous government contract win rather than sustainable value. The options market confirms this despair, with heavy put buying suggesting investors are hedging against further ruin. This is not a value trap; it is a value extinguished. Avoid. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.513359 |
| MSTL | 0.521784 |
| AutoTheta | 0.603006 |
| AutoARIMA | 0.697545 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 10% |
| H-stat | 148.25 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 0.82 |
| Attribute | Value |
|---|---|
| Sector | Industrials |
| Debt to Equity Ratio | 116.148 |
| Revenue per Share | 0.6 |
| Market Cap | 6,460,820 |
| Forward P/E | -0.32 |
| Beta | 2.78 |
| Website | https://www.oceanpowertechnologies.com |
As of Oct. 10, 2026, 3:51 a.m. EDT: Speculators are aggressively positioning for a crash, with massive open interest in deep out-of-the-money puts (strikes 0.5 and 2.5) acting as insurance against further decline. Conversely, call activity is concentrated in strikes far above the current price (2.0, 7.5), suggesting a speculative 'lottery ticket' bet on a massive recovery rather than a realistic near-term rally. The implied volatility skew is extreme, with put premiums significantly higher than call premiums, indicating the market prices in a high probability of continued downside.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.9597701 |
| Address1 | 28 Engelhard Drive |
| Address2 | Suite B |
| All Time High | 120,000.0 |
| All Time Low | 0.62 |
| Ask | 0.0 |
| Ask Size | 300 |
| Average Daily Volume10 Day | 1,220,810 |
| Average Daily Volume3 Month | 423,638 |
| Average Volume | 423,638 |
| Average Volume10Days | 1,220,810 |
| Beta | 2.781 |
| Bid | 0.0 |
| Bid Size | 200 |
| Book Value | 0.939 |
| City | Monroe Township |
| Compensation As Of Epoch Date | 1,798,675,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 0.7175 |
| Current Ratio | 0.523 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 0.7175 |
| Day Low | 0.6561 |
| Debt To Equity | 116.148 |
| Display Name | Ocean Power |
| Dividend Date | 1,552,348,800 |
| Dividend Yield | 0.0 |
| Earnings Call Timestamp End | 1,784,898,000 |
| Earnings Call Timestamp Start | 1,784,898,000 |
| Earnings Timestamp | 1,784,836,800 |
| Earnings Timestamp End | 1,797,278,400 |
| Earnings Timestamp Start | 1,797,278,400 |
| Ebitda | -44,474,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -0.201 |
| Enterprise To Revenue | 2.096 |
| Enterprise Value | 8,922,821 |
| Eps Forward | -2.23 |
| Eps Trailing Twelve Months | -7.58 |
| Esg Populated | 0 |
| Exchange | ASE |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 3.808 |
| Fifty Day Average Change | -3.0905 |
| Fifty Day Average Change Percent | -0.8115809 |
| Fifty Two Week Change Percent | -95.977005 |
| Fifty Two Week High | 21.6 |
| Fifty Two Week High Change | -20.8825 |
| Fifty Two Week High Change Percent | -0.9667824 |
| Fifty Two Week Low | 0.62 |
| Fifty Two Week Low Change | 0.09749997 |
| Fifty Two Week Low Change Percent | 0.157258 |
| Fifty Two Week Range | 0.62 - 21.6 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,177,507,800,000 |
| Float Shares | 8,886,487 |
| Forward Eps | -2.23 |
| Forward P E | -0.32174885 |
| Free Cashflow | -4,194,625 |
| Full Exchange Name | NYSE American |
| Full Time Employees | 65 |
| Fullday Change | 0.035600007 |
| Fullday Change Percent | 5.1164136 |
| Fullday Price | 0.7115 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | -2.05002 |
| Gross Profits | -8,729,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.040710002 |
| Held Percent Institutions | 0.12161 |
| Implied Shares Outstanding | 9,004,628 |
| Industry | Specialty Industrial Machinery |
| Industry Disp | Specialty Industrial Machinery |
| Industry Key | specialty-industrial-machinery |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,777,507,200 |
| Last Split Date | 1,789,344,000 |
| Last Split Factor | 1:30 |
| Long Business Summary | Ocean Power Technologies, Inc., a maritime domain awareness company, provides maritime solutions in North America, South America, Europe, the Middle East, Africa, Australia, and Asia. The company offers maritime solutions, including Data as a Service (DaaS), Robotics as a Service (RaaS), and Power as a Service (PaaS). It also designs, manufactures, deploys, and operates PowerBuoy, a sensor and power solution; wave adaptive modular vessel (WAM-V), an autonomous unmanned surface vehicle; and Merrows, a user interface and command and control (C2) system for defense, security, subsea infrastructure, offshore oil and gas, offshore energy, marine research, and communication markets. It serves defense agencies, offshore energy operators, and other commercial interests through a combination of direct sales and leases, strategic partnerships, and long-term service agreements. The company was incorporated in 1984 and is headquartered in Monroe Township, New Jersey. |
| Long Name | Ocean Power Technologies, Inc. |
| Market | us_market |
| Market Cap | 6,460,820 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_912997 |
| Most Recent Quarter | 1,785,456,000 |
| Net Income To Common | -52,064,000 |
| Next Fiscal Year End | 1,809,043,200 |
| Non Diluted Market Cap | 19,810,181 |
| Number Of Analyst Opinions | 2 |
| Open | 0.6884 |
| Operating Cashflow | -25,410,000 |
| Operating Margins | -8.40164 |
| Phone | 609 730 0400 |
| Pre Market Change | -0.0059999824 |
| Pre Market Change Percent | -0.8362345 |
| Pre Market Price | 0.7115 |
| Pre Market Time | 1,791,967,233 |
| Previous Close | 0.6958 |
| Price Hint | 4 |
| Price To Book | 0.76411074 |
| Price To Sales Trailing12 Months | 1.5173367 |
| Profit Margins | 0.0 |
| Quick Ratio | 0.301 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.0217 |
| Regular Market Change Percent | 3.11871 |
| Regular Market Day High | 0.7175 |
| Regular Market Day Low | 0.6561 |
| Regular Market Day Range | 0.6561 - 0.7175 |
| Regular Market Open | 0.6884 |
| Regular Market Previous Close | 0.6958 |
| Regular Market Price | 0.7175 |
| Regular Market Time | 1,791,921,600 |
| Regular Market Volume | 410,385 |
| Return On Assets | -0.75662005 |
| Return On Equity | -3.1899 |
| Revenue Growth | 0.441 |
| Revenue Per Share | 0.6 |
| Sand P52 Week Change | 0.17502642 |
| Sector | Industrials |
| Sector Disp | Industrials |
| Sector Key | industrials |
| Shares Outstanding | 9,004,628 |
| Shares Percent Shares Out | 0.199 |
| Shares Short | 1,791,694 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 1,199,105 |
| Short Name | Ocean Power Technologies, Inc. |
| Short Percent Of Float | 0.2016 |
| Short Ratio | 3.94 |
| Source Interval | 15 |
| State | NJ |
| Symbol | OPTT |
| Target High Price | 45.0 |
| Target Low Price | 45.0 |
| Target Mean Price | 45.0 |
| Target Median Price | 45.0 |
| Total Cash | 7,356,000 |
| Total Cash Per Share | 0.817 |
| Total Debt | 9,818,000 |
| Total Revenue | 4,258,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -7.58 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 8.956 |
| Two Hundred Day Average Change | -8.238501 |
| Two Hundred Day Average Change Percent | -0.9198862 |
| Type Disp | Equity |
| Volume | 410,385 |
| Website | https://www.oceanpowertechnologies.com |
| Zip | 8,831 |