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. The company serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.
General Outlook
In simple terms, Ocean Power Technologies, Inc. has 58.788 M shares that people are buying and selling right now. When we look at how much money they make before expenses, they keep 0.214% as profit. This shows they're good at controlling costs and are financially stable. Their operating profit, which is money made from regular business activities, is -9.218%. This means they run their business efficiently. Lastly, after paying all their bills, they still have a profit of -8.189%. This tells us they're good at keeping money after all costs.
Return on Investments
The company's asset efficiency, represented by a robust -0.590% return, is a testament to Ocean Power Technologies, Inc.'s adeptness in optimizing resource deployment. Ocean Power Technologies, Inc.'s utilization of its assets to generate profits is strikingly evident through a noteworthy return on equity of -0.555%. Furthermore, the proficiency of Ocean Power Technologies, Inc. in capital utilization is underscored by a remarkable -0.759% return on capital employed.
Stock Prices
Ocean Power Technologies, Inc.'s stock prices have been subject to undulating patterns. The peak stock value during this interval surged to $0.482, while its low point bottomed out at $0.44751. This variance in figures offers investors a lucid insight into the roller-coaster ride that is Ocean Power Technologies, Inc.'s stock market.
