Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc.verified

OPTT

Price:

$0.2463

Market Cap:

$23.54M

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

The Current Ratio as of September 2024 (TTM) for Ocean Power Technologies, Inc. (OPTT) is 1.43

According to Ocean Power Technologies, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.43. This represents a change of -54.94% compared to the average of 3.18 of the last 4 quarters.

Ocean Power Technologies, Inc. (OPTT) Historical Current Ratio (quarterly & annually)

How has OPTT Current Ratio performed in the past?

The mean historical Current Ratio of Ocean Power Technologies, Inc. over the last ten years is 7.08. The current 1.43 Current Ratio has changed 1.92% 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.

Quarterly (TTM)
Annual

Average

7.08

Median

5.45

Minimum

1.43

Maximum

19.91

Ocean Power Technologies, Inc. (OPTT) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.43-69.93%
20234.76-76.07%
202219.9110.70%
202117.99193.61%
20206.13-15.01%
20197.21103.57%
20183.5467.25%
20172.1233.83%
20161.58-74.30%
20156.1660.61%

Ocean Power Technologies, Inc. (OPTT) Average Current Ratio

How has OPTT Current Ratio performed in the past?

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. (OPTT) Current Ratio vs. Peers

How is OPTT’s Current Ratio compared to its peers?

Ocean Power Technologies, Inc.’s Current Ratio is less than Pioneer Power Solutions, Inc. (1.65), greater than CBAK Energy Technology, Inc. (0.85), less than Ideal Power Inc. (23.26), greater than Expion360 Inc. (1.37), less than Polar Power, Inc. (2.08), less than Eos Energy Enterprises, Inc. (2.68), less than FuelCell Energy, Inc. (6.91), less than EnerSys (2.70), greater than Flux Power Holdings, Inc. (1.10), less than NeoVolta Inc. (342.35), less than Enovix Corporation (8.52), less than ESS Tech, Inc. (3.26), less than FREYR Battery (6.63), greater than Microvast Holdings, Inc. (1.12), less than Eos Energy Enterprises, Inc. (2.68),

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