Is Ocean Power Stock a Good Investment?
Ocean Power Investment Advice | OPTT |
- Examine Ocean Power's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Ocean Power's leadership team and their track record. Good management can help Ocean Power navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Heavy Electrical Equipment space and any emerging trends that could impact Ocean Power's business and its evolving consumer preferences.
- Compare Ocean Power's performance and market position to its competitors. Analyze how Ocean Power is positioned in terms of product offerings, innovation, and market share.
- Check if Ocean Power pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Ocean Power's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Ocean Power Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Ocean Power Technologies is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Abnormally volatile | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Not Available | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Ocean Power Stock
Researching Ocean Power's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The book value of the company was now reported as 0.32. The company recorded a loss per share of 0.32. Ocean Power Technologies last dividend was issued on the 12th of March 2019. The entity had 1:20 split on the 12th of March 2019.
To determine if Ocean Power is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Ocean Power's research are outlined below:
| Ocean Power is way too risky over 90 days horizon | |
| Ocean Power has some characteristics of a very speculative penny stock | |
| Ocean Power appears to be risky and price may revert if volatility continues | |
| Ocean Power has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 5.53 M. Net Loss for the year was (27.48 M) with loss before overhead, payroll, taxes, and interest of (101 K). | |
| Ocean Power Technologies currently holds about 51.9 M in cash with (29.76 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.94, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Ocean Power has a frail financial position based on the latest SEC disclosures |
Ocean Power uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Ocean Power Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Ocean Power's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 11th of March 2024 Upcoming Quarterly Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View |
Ocean Power's market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 46.31 M.Basic technical analysis of Ocean Stock
As of the 26th of March, Ocean Power holds the Semi Deviation of 9.66, risk adjusted performance of 0.0729, and Coefficient Of Variation of 1331.76. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ocean Power, as well as the relationship between them.Ocean Power's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Ocean Power insiders, such as employees or executives, is commonly permitted as long as it does not rely on Ocean Power's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Ocean Power insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Ocean Power's Outstanding Corporate Bonds
Ocean Power issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Ocean Power Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Ocean bonds can be classified according to their maturity, which is the date when Ocean Power Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Ocean Power's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Ocean Power's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0729 | |||
| Market Risk Adjusted Performance | (1.33) | |||
| Mean Deviation | 9.26 | |||
| Semi Deviation | 9.66 | |||
| Downside Deviation | 10.5 | |||
| Coefficient Of Variation | 1331.76 | |||
| Standard Deviation | 15.59 | |||
| Variance | 243.07 | |||
| Information Ratio | 0.0746 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | 1.21 | |||
| Sortino Ratio | 0.1108 | |||
| Treynor Ratio | (1.34) | |||
| Maximum Drawdown | 117.25 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 19.61 | |||
| Downside Variance | 110.28 | |||
| Semi Variance | 93.32 | |||
| Expected Short fall | (12.47) | |||
| Skewness | 2.67 | |||
| Kurtosis | 13.07 |
| Risk Adjusted Performance | 0.0729 | |||
| Market Risk Adjusted Performance | (1.33) | |||
| Mean Deviation | 9.26 | |||
| Semi Deviation | 9.66 | |||
| Downside Deviation | 10.5 | |||
| Coefficient Of Variation | 1331.76 | |||
| Standard Deviation | 15.59 | |||
| Variance | 243.07 | |||
| Information Ratio | 0.0746 | |||
| Jensen Alpha | 1.16 | |||
| Total Risk Alpha | 1.21 | |||
| Sortino Ratio | 0.1108 | |||
| Treynor Ratio | (1.34) | |||
| Maximum Drawdown | 117.25 | |||
| Value At Risk | (12.50) | |||
| Potential Upside | 19.61 | |||
| Downside Variance | 110.28 | |||
| Semi Variance | 93.32 | |||
| Expected Short fall | (12.47) | |||
| Skewness | 2.67 | |||
| Kurtosis | 13.07 |
Consider Ocean Power's intraday indicators
Ocean Power intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Ocean Power stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 306983.0 | |||
| Daily Balance Of Power | (0.80) | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 0.53 | |||
| Day Typical Price | 0.52 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (0.04) | |||
| Relative Strength Index | 42.42 |
Ocean Stock media impact
Far too much social signal, news, headlines, and media speculation about Ocean Power that are available to investors today. That information is available publicly through Ocean media outlets and privately through word of mouth or via Ocean internal channels. However, regardless of the origin, that massive amount of Ocean data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Ocean Power news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Ocean Power relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Ocean Power's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Ocean Power alpha.
Ocean Power Corporate Management
| Matthew Burdyny | Chief Officer | Profile | |
| Nicholas Day | General Secretary | Profile | |
| Jeff Wiener | Vice Sales | Profile | |
| JD CPA | General Secretary | Profile | |
| Joseph DiPietro | Treasurer Controller | Profile |
Additional Tools for Ocean Stock Analysis
When running Ocean Power's price analysis, check to measure Ocean Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ocean Power is operating at the current time. Most of Ocean Power's value examination focuses on studying past and present price action to predict the probability of Ocean Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ocean Power's price. Additionally, you may evaluate how the addition of Ocean Power to your portfolios can decrease your overall portfolio volatility.