Ocean Power Technologies, Inc. (OPTT)

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Ocean Power Technologies, Inc. (OPTT) is down 6.7% since the beginning of the year. At $0 per share, OPTT is trading 68.9% below its 52-week high of $1. Investors who bought $1,000 worth of OPTT shares 5 years ago would now be looking at an investment worth $106.

Ocean Power Technologies, Inc. (OPTT) has returned -6.67% so far this year and -44.20% over the past 12 months. Over the last ten years, OPTT has returned -41.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 25, 2007, OPTT's average daily return is +0.06%, while the average monthly return is -0.52%.

Historically, 37% of months were positive and 63% were negative. The best month was Jul 2016 with a return of +261.8%, while the worst month was Oct 2016 at -67.1%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 11 months.

On a daily basis, OPTT closed higher 42% of trading days. The best single day was Jun 1, 2016 with a return of +294.8%, while the worst single day was Apr 4, 2019 at -59.0%.

Ocean Power Technologies, Inc. has an annualized alpha of 5.67%, beta of 0.91, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since April 25, 2007.

• This stock participated in 208.66% of S&P 500 Index downside but only 20.65% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.02 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

OPTT ranks 25 for risk / return — below 25% of stocks on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Ocean Power Technologies, Inc.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Ocean Power Technologies, Inc. was 100.00%, occurring on Jun 18, 2024. The portfolio has not yet recovered.

The current Ocean Power Technologies, Inc. drawdown is 99.99%.

The chart below shows the rolling one-month volatility.

The chart below illustrates the trends in the financial health of Ocean Power Technologies, Inc. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.

The Valuation section provides an overview of how Ocean Power Technologies, Inc. is priced in the market compared to other companies in the Electrical Equipment & Parts industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.