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Price
Target price
€0.29

€0.29

-3.650%
-0.01
-3.650%
€0.38
 
18.03.24 / Tradegate WKN: A2PFQU / Symbol: OPTT / Name: OPT / Stock / Electrical Utilities & IPPs / Micro Cap /
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Ocean Power Technologies Inc. Stock

Heavy losses for Ocean Power Technologies Inc. today as the stock fell by -€0.010 (-3.650%).
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Ocean Power Technologies Inc. stock is not clear.
So far the community has only identified positive things for Ocean Power Technologies Inc. stock. The most positive votes were given for criterium "Business model".

Pros and Cons of Ocean Power Technologies Inc. in the next few years

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Performance of Ocean Power Technologies Inc. vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Ocean Power Technologies Inc. -3.650% 8.209% -11.585% -43.536% -2.027% -90.000% -93.079%
SolarWorld AG -3.720% -3.153% -10.417% -9.664% 35.220% -55.761% 497.222%
Zhongde Waste Technology 26.320% 27.660% 4.348% -52.000% -18.919% -71.765% 20.000%
Fortis Inc. 0.050% -0.709% -0.055% -7.797% -1.408% 2.203% -

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-06-07

Upon first glance, the financials of the company OPT (US symbol OPTT) from the industry Electrical Utilities & IPPs seem quite concerning. The company has displayed a continuous decrease in total assets for three consecutive years (2020, 2021, and 2022), while its net income has remained negative for the same period. The first quarter of 2023, however, showed signs of recovery with a slight increase in total assets. Let's delve deeper into the financials of the company and explore its pros and cons.

Increase in total assets (Q1 2023): According to the quarterly balance sheet for Q1 2023, there has been an increase in total assets since 2022, from 7,339,300,000 to 5,904,300,000. This could demonstrate the company's potential to rebuild its financial health in the future.

Positive gross profit (Q1 2023): Although the company's net income remains negative, the gross profit for Q1 2023 showed a positive margin of 136,000, indicating that it can generate returns above the cost of revenue.

Comments

Buy Ocean Power Technologies Inc.
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