(OPTT) Ocean Power Technologies - Overview
Stock: Data, Robotics, Power, Buoy, Vessel
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 186% |
| Relative Tail Risk | -19.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.03 |
| Alpha | -79.80 |
| Character TTM | |
|---|---|
| Beta | 2.320 |
| Beta Downside | 1.720 |
| Drawdowns 3y | |
|---|---|
| Max DD | 82.37% |
| CAGR/Max DD | -0.11 |
Description: OPTT Ocean Power Technologies December 22, 2025
Ocean Power Technologies, Inc. (OPTT) positions itself as a maritime-domain-awareness firm delivering integrated solutions across North America, South America, Europe, the Middle East, Africa, Australia, and Asia.
The company’s service suite comprises Data as a Service (DaaS), Robotics as a Service (RaaS) and Power as a Service (PaaS), built around three core hardware platforms: the PowerBuoy wave-energy and sensor node, the Wave-Adaptive Modular Vessel (WAM-V) autonomous surface craft, and the Merrows command-and-control interface that supports defense, offshore energy, subsea infrastructure and marine research customers.
According to the most recent 10-K filing (FY 2023), OPTT generated roughly $5 million in revenue, with a reported backlog of about $12 million and R&D spending representing ~30 % of that revenue-indicative of a heavy reinvestment cycle. The firm’s cash runway extends into early 2025, contingent on a $5 million private-placement raise completed in Q3 2024. Key sector catalysts include accelerating offshore wind and marine renewable-energy projects, as well as heightened defense spending on autonomous maritime surveillance, both of which expand the addressable market for wave-energy-based power and unmanned surface vehicles.
For a deeper, data-driven look at OPTT’s valuation dynamics, you might find ValueRay’s analyst toolkit useful.
Piotroski VR‑10 (Strict, 0-10) 0.5
| Net Income: -31.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.58 > 0.02 and ΔFCF/TA 42.41 > 1.0 |
| NWC/Revenue: 95.14% < 20% (prev 85.29%; Δ 9.86% < -1%) |
| CFO/TA -0.53 > 3% & CFO -20.9m > Net Income -31.4m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.84b) vs 12m ago 1593 % < -2% |
| Gross Margin: -26.28% > 18% (prev 0.41%; Δ -2669 % > 0.5%) |
| Asset Turnover: 11.31% > 50% (prev 26.29%; Δ -14.97% > 0%) |
| Interest Coverage Ratio: -23.88 > 6 (EBITDA TTM -31.0m / Interest Expense TTM 874.0k) |
Altman Z'' -15.00
| A: 0.09 (Total Current Assets 18.9m - Total Current Liabilities 15.4m) / Total Assets 39.3m |
| B: -8.83 (Retained Earnings -347.3m / Total Assets 39.3m) |
| C: -0.63 (EBIT TTM -20.9m / Avg Total Assets 33.1m) |
| D: -20.40 (Book Value of Equity -347.1m / Total Liabilities 17.0m) |
| Altman-Z'' Score: -53.85 = D |
Beneish M -3.11
| DSRI: 1.87 (Receivables 1.85m/1.87m, Revenue 3.75m/7.08m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.68 (AQ_t 0.31 / AQ_t-1 0.45) |
| SGI: 0.53 (Revenue 3.75m / 7.08m) |
| TATA: -0.27 (NI -31.4m - CFO -20.9m) / TA 39.3m) |
| Beneish M-Score: -3.11 (Cap -4..+1) = AA |
What is the price of OPTT shares?
Over the past week, the price has changed by -2.66%, over one month by -12.52%, over three months by +2.51% and over the past year by -41.54%.
Is OPTT a buy, sell or hold?
What are the forecasts/targets for the OPTT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 1.5 | 226.1% |
| Analysts Target Price | 1.5 | 226.1% |
| ValueRay Target Price | 0.4 | -8.7% |
OPTT Fundamental Data Overview February 03, 2026
P/B = 4.9136
Revenue TTM = 3.75m USD
EBIT TTM = -20.9m USD
EBITDA TTM = -31.0m USD
Long Term Debt = 2.60m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 10.3m USD (from shortTermDebt, last quarter)
Debt = 10.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.41m USD (from netDebt column, last quarter)
Enterprise Value = 79.6m USD (81.0m + Debt 10.3m - CCE 11.7m)
Interest Coverage Ratio = -23.88 (Ebit TTM -20.9m / Interest Expense TTM 874.0k)
EV/FCF = -3.46x (Enterprise Value 79.6m / FCF TTM -23.0m)
FCF Yield = -28.88% (FCF TTM -23.0m / Enterprise Value 79.6m)
FCF Margin = -613.0% (FCF TTM -23.0m / Revenue TTM 3.75m)
Net Margin = -836.7% (Net Income TTM -31.4m / Revenue TTM 3.75m)
Gross Margin = -26.28% ((Revenue TTM 3.75m - Cost of Revenue TTM 4.73m) / Revenue TTM)
Gross Margin QoQ = none% (prev -1.95%)
Tobins Q-Ratio = 2.02 (Enterprise Value 79.6m / Total Assets 39.3m)
Interest Expense / Debt = 5.50% (Interest Expense 564.0k / Debt 10.3m)
Taxrate = 21.0% (US default 21%)
NOPAT = -16.5m (EBIT -20.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.23 (Total Current Assets 18.9m / Total Current Liabilities 15.4m)
Debt / Equity = 0.46 (Debt 10.3m / totalStockholderEquity, last quarter 22.3m)
Debt / EBITDA = 0.05 (negative EBITDA) (Net Debt -1.41m / EBITDA -31.0m)
Debt / FCF = 0.06 (negative FCF - burning cash) (Net Debt -1.41m / FCF TTM -23.0m)
Total Stockholder Equity = 25.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -94.65% (Net Income -31.4m / Total Assets 39.3m)
RoE = -122.9% (Net Income TTM -31.4m / Total Stockholder Equity 25.5m)
RoCE = -74.25% (EBIT -20.9m / Capital Employed (Equity 25.5m + L.T.Debt 2.60m))
RoIC = -55.23% (negative operating profit) (NOPAT -16.5m / Invested Capital 29.9m)
WACC = 13.33% (E(81.0m)/V(91.2m) * Re(14.47%) + D(10.3m)/V(91.2m) * Rd(5.50%) * (1-Tc(0.21)))
Discount Rate = 14.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 458.8%
Fair Price DCF = unknown (Cash Flow -23.0m)
EPS Correlation: 72.60 | EPS CAGR: 20.48% | SUE: N/A | # QB: 0
Revenue Correlation: 39.22 | Revenue CAGR: -3.47% | SUE: N/A | # QB: 0
EPS current Year (2026-04-30): EPS=-0.11 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+35.3% | Growth Revenue=+0.0%
EPS next Year (2027-04-30): EPS=-0.07 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+36.4% | Growth Revenue=+74.6%