(OPTT) Ocean Power Technologies - Ratings and Ratios

Ocean Power Technologies, Inc. (OPTT) specializes in developing and deploying cutting-edge, proprietary systems that convert ocean wave energy into electricity. The company operates across multiple regions, including North America, South America, Europe, Australia, and Asia. Its product portfolio includes the PB3 PowerBuoy, a self-contained system designed for off-grid power generation in offshore environments. The Next Generation PowerBuoy represents the latest advancement in their buoy technology, offering enhanced efficiency and durability. Additionally, OPTT provides subsea battery systems, software solutions, sensors, and integration services tailored for marine applications. The company also offers the Wave Adaptive Modular Vessel (WAM-V) technology, enabling autonomous maritime systems to operate effectively in dynamic sea conditions. This technology supports applications such as maritime domain awareness, environmental monitoring, and offshore data collection. OPTT serves a diverse range of clients, including government agencies, defense organizations, and private sector entities requiring reliable offshore power solutions. Incorporated in 1984, the company is headquartered in Monroe Township, New Jersey.

Over the next three months, OPTT is expected to face a challenging environment. Technically, the stock has broken below its 20-day and 50-day moving averages, currently trading at $0.51, with a 200-day moving average of $0.36 indicating downward momentum. The Average True Range (ATR) of 0.14 suggests elevated volatility. From a fundamental perspective, the company’s high P/S ratio of 13.29 and negative return on equity (-97.64) raise concerns about profitability and operational efficiency. The market capitalization of $46.31M reflects limited liquidity, which could amplify price swings. Given these factors, the stock is likely to remain under pressure, with potential resistance at the $0.67 level (SMA 20) and support near the $0.36 mark (SMA 200). Investors should anticipate continued volatility with a bearish bias.