OPTT
Price:
$0.1557
Market Cap:
$15.46M
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...[Read more]
Industry
Electrical Equipment & Parts
IPO Date
2007-04-25
Stock Exchange
AMEX
Ticker
OPTT
According to Ocean Power Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.16. This represents a change of -10.47% compared to the average of 2.41 of the last 4 quarters.
The mean historical Current Ratio of Ocean Power Technologies, Inc. over the last ten years is 7.08. The current 2.16 Current Ratio has changed 2.94% with respect to the historical average. Over the past ten years (40 quarters), OPTT's Current Ratio was at its highest in in the October 2021 quarter at 31.43. The Current Ratio was at its lowest in in the January 2019 quarter at 1.27.
Average
7.08
Median
5.45
Minimum
1.43
Maximum
19.91
Discovering the peaks and valleys of Ocean Power Technologies, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 193.61%
Maximum Annual Current Ratio = 19.91
Minimum Annual Increase = -76.07%
Minimum Annual Current Ratio = 1.43
Year | Current Ratio | Change |
---|---|---|
2024 | 1.43 | -69.93% |
2023 | 4.76 | -76.07% |
2022 | 19.91 | 10.70% |
2021 | 17.99 | 193.61% |
2020 | 6.13 | -15.01% |
2019 | 7.21 | 103.57% |
2018 | 3.54 | 67.25% |
2017 | 2.12 | 33.83% |
2016 | 1.58 | -74.30% |
2015 | 6.16 | 60.61% |
The current Current Ratio of Ocean Power Technologies, Inc. (OPTT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages
3-year avg
8.70
5-year avg
10.05
10-year avg
7.08
Ocean Power Technologies, Inc.’s Current Ratio is greater than Pioneer Power Solutions, Inc. (1.41), greater than CBAK Energy Technology, Inc. (0.85), less than Ideal Power Inc. (20.98), greater than Expion360 Inc. (1.30), less than Polar Power, Inc. (2.19), greater than Eos Energy Enterprises, Inc. (1.99), less than FuelCell Energy, Inc. (6.91), less than EnerSys (2.97), greater than Flux Power Holdings, Inc. (1.10), less than NeoVolta Inc. (16.35), less than Enovix Corporation (3.98), greater than ESS Tech, Inc. (2.14), less than FREYR Battery (6.36), greater than Microvast Holdings, Inc. (1.30), greater than Eos Energy Enterprises, Inc. (1.99),
Company | Current Ratio | Market cap |
---|---|---|
1.41 | $68.39M | |
0.85 | $80.04M | |
20.98 | $53.94M | |
1.30 | $5.14M | |
2.19 | $8.48M | |
1.99 | $588.36M | |
6.91 | $168.71M | |
2.97 | $3.88B | |
1.10 | $34.37M | |
16.35 | $193.50M | |
3.98 | $1.78B | |
2.14 | $71.30M | |
6.36 | $344.20M | |
1.30 | $214.54M | |
1.99 | $533.41M |
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