OPTT stock forecast
Our latest prediction for Ocean Power Technologies's stock price was made on the Sept. 21, 2023 when the stock price was at 0.40$.
In the short term (2weeks), OPTT's stock price should underperform the market by -1.61%. During that period the price should oscillate between -7.60% and +5.52%.
In the medium term (3months), OPTT's stock price should underperform the market by -4.77%. During that period the price should oscillate between -27.63% and +22.44%.
Get email alertsCreate a solid portfolio with OPTT
About Ocean Power Technologies
ocean power technologies (nasdaq:optt) is a pioneer in renewable wave-energy technology that converts ocean wave energy into electricity. opt specializes in advanced autonomous (not grid connected), cost-effective, and environmentally sound ocean wave based power generation and management technology. the powerbuoy system integrates patented technologies in hydrodynamics, electronics, energy conversion, and computer control systems to extract the natural energy in ocean waves. the result is a leading edge, ocean-tested, proprietary autonomous system that turns wave power into reliable, clean, and environmentally beneficial electricity for offshore applications. wave power is abundant in all areas of the world and its harnessing offers a dependable clean source of renewable and cost effective energy. opt’s powerbuoy converts such energy to provide persistent and reliable power generation for marine applications. current solutions for applications that require persistent, long-term operat
At the moment the company generates 3M USD in revenues.
On its last earning announcement, the company reported a loss of -0.49$ per share.
The book value per share is 0.38$
Three months stock forecastSept. 21, 2023
Financials
Revenue USD | Gross Margin | Operating Income | Operating Margin | Net Income | Earnings Per Share | Dividends | Payout Ratio | Shares | Book Value Per Share | Operating Cash Flow | Cap Spending | Free Cash Flow |
---|---|---|---|---|---|---|---|---|---|---|---|---|
3M | 21.42% | -30M | -930.12% | -27M | -0.49 | - | - | 58M | 0.38 | - | - | - |